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It's time to begin planning
your holiday funding.
Apply for a Christmas credit card
or for a Christmas personal loan

    

             

 

   

Now is a good time to submit good or bad credit home loan applications for multiple home loan lender quotes.

 

Before you apply for a mortgage loan, view national average home loan interest rates and use our mortgage calculator to calculate monthly payments and interest. Learn about a government guaranteed no deposit home loan with no down payment and how spouse credit can affect a joint mortgage loan. Consider all your home loan options before you decide and submit an online application. Browse more home loan resources.

 

Bad credit home loan - Apply for a home loan and stop paying rent.

No deposit home loan - Apply for a no deposit, no down payment home loan.

Home loan - Get a new home loan to purchase the American dream.

Home loan lenders - Get multiple home loan quotes with just one application.

Mortgage calculator - Calculate monthly payments and interest.

Mortgage loan - Get multiple mortgage loan quotes for new home purchases, equity, refinancing, 2nd mortgages and more.

Joint mortgage loan - How spouse credit affects joint mortgages, and the impact of divorce.

Free Mortgage Loan Tips

Home Buying

Mortgage Loan Approval

Adjustable Rate Mortgage Loans

Home Mortgage Application

Bad Credit Mortgage Loans

Bad Credit High Risk Mortgage Loan

Home builders and mortgage lenders

FHA Mortgages

Home Buyers Guide

Mortgage Terminology

New Home Buying Tips

 

  

   

    

Auto Loan: Good or bad credit auto loan quote. Apply for a new or used auto loan, or for car refinancing.
 

Credit Card: Search for a gold rewards or a bad credit card. To rebuild credit, get an instant approval credit card. Browse unsecured platinum and guaranteed credit card offers.

  

Credit Report: Free credit report help to fix credit report errors and improve credit score ratings.

 

Debt Counseling: Nonprofit credit counseling, unsecured debt consolidation or free debt settlement.

 

Free Credit Offers: Get no obligation credit offers and receive alerts and tips to manage personal finances.

 

Mortgage Refinancing: 2nd mortgage loan for remodeling, equity cash out or a debt consolidation loan.

 

Payday Loan: Get a good or bad credit unsecured loan with no credit check and no collateral.

  

Personal Loan: Short or long term personal loan.

  

Personal Finance: Create a personal budget, balance a checkbook, file bankruptcy and more.

 

Free Help: Personal finance newsletter, credit advice and tips.

 

Interest rates: National averages of credit card, mortgage, refinancing and auto loan interest rates.
  

                 

  

Apply for a home loan for bad credit, no credit or any credit (based on lender availability and requirements). Let multiple lenders compete to offer you a new home loan or home refinancing loan.

   

 

New Home Loan

ReFi, 2nd Mortgage, Equity

  

  

Compare Free Mortgage Quotes - Purchase home loans, refinance, home equity loans, debt consolidation.

 

Whether you are a first time home buyer, selling a home to buy a new home or want to refinance an existing mortgage to pay off bills, give us the opportunity to match you with a home loan lender resource in our network.

 

The online, home loan quote request is secure, safe and easy. We will review your information, including your state of residence, and will try to match you with a potential lender resource.

 

Submit your new home loan or mortgage refinance quote request today.

  

First Time Home Buying - Buying a home is a huge step for anyone and there is much to learn. You can either learn smartly, or learn the hard way by making costly and regrettable mistakes.

Consider the type of area you want to live in, and the amount you can afford. You may also want to consider if the homes in that area will be more likely to increase or decrease in value, due to issues such as new businesses or poor road maintance.

Get mortgage education. Learn the industry jargon, know the different types of home loans, and learn about related issues such as home insurance.

To help you determine how much house you can afford, consider getting a Mortgage Pre-Approval. Lenders offer borrowers a pre-qualification letter or a pre-approval letter. A pre-qualification letter states the amount a lender thinks you’ll be able to borrow; but isn't guaranteed.


First Time Home Buyer Programs - There are numerous opportunities for mortgage financing for first time home buyers. Most states have programs tailored for first timers, many of which involve little or no money down, limited credit reference requirements, and free mortgage information to help new buyers navigate the process with success. So called “government loans” can also be a perfect choice. The Federal Housing Administration (FHA) and the Veterans' Administration (VA) offer mortgage programs that have helped millions of people own their first home. FHA programs allow down payments as low as 3% and also allow many buyers to include most of their closing costs in their new loan. For many first timers, having sufficient cash is a major problem, but FHA loans can eliminate this issue. If you are an active or retired military person, you can obtain a certificate of eligibility for a VA loan, which may qualify people for a no money down loan. The VA also provides pre-purchase counseling to give a new buyer valuable information to help simplify the mortgage process.


A government mortgage may be an excellent choice for a first time home buyer. The big advantage is the ability to get a mortgage loan with very little or no money down, as lack of a sufficient down payment is the most common problem for many first time buyers. There are two primary categories of loans commonly referred to as government mortgages:

* Federal Housing Administration (FHA), which is part of the U.S. Department of Housing and Urban Development, usually known as HUD.
* U.S. Department of Veterans Affairs (VA), offering mortgage loans to active and retired members of the armed forces. 

A major feature of an FHA loan, your down payment can be as low as 3% which helps buyers short of cash. In addition, FHA allows you to include your closing costs into your new loan.

The VA, like the FHA, does not actually make loans directly, but guarantees part of the loan to the lender who makes the actual loan. Veterans of military service can obtain an eligibility certificate which is their passport to be able to get a VA loan. Most VA loans require no money down.

The only disadvantage of either of these two programs is a mortgage insurance fee (FHA) and a funding fee (VA). The VA funding fee is two per cent of the mortgage amount (two and three-quarters per cent for reservists), but may be included in the loan at closing. The FHA mortgage insurance costs about one per cent of the mortgage amount. For a first time home buyer, these government mortgage loan programs can be a lifesaver.


Home Purchase Loan Fees - Fees include home loan origination fees, broker fees and fees for your transaction, settlement and closing.


Home Buying In Brief:

  1. Figure out how much you can afford: What you can afford depends on your income, credit rating, current monthly expenses, downpayment and the interest rate.

  2. Know your rights - Fair Housing: Equal Opportunity for All - Borrower's rights - Predatory lending

  3. Shop for a loan - Compare, negotiate - brochure

  4. Learn about homebuying programs - those in your state - FHA loan programs - HUD's special homebuying programs Good Neighbor Next Door - Homeownership for public housing residents - Indian Home Loan Guarantee Program

  5. Shop for a home - features you want - ;location - access to schools, etc

  6. Make an offer on the home

  7. Get a home inspection

   

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Guaranteed loan for Veterans: Are you a US veteran? Get a VA guaranteed loan. VA guaranteed loans are made by private lenders, such as banks, savings & loans, or mortgage companies to eligible veterans for the purchase of a home which must be for their own personal occupancy. To get a loan, a veteran must apply to a lender. If the loan is approved, VA will guarantee a portion of it to the lender. This guaranty protects the lender against loss up to the amount guaranteed and allows a veteran to obtain favorable financing terms. There is no maximum VA loan but lenders will generally limit VA loans to $240,000. This is because lenders sell VA loans in the secondary market, which currently places a $240,000 limit on the loans. For loans up to this amount, it is usually possible for qualified veterans to obtain no down payment financing. A veteran's basic entitlement is $36,000 (or up to $60,000 for certain loans over $144,000). Lenders will generally loan up to 4 times a veteran's available entitlement without a down payment, provided the veteran is income and credit qualified and the property appraises for the asking price.

  

Why should you apply for a new home loan: Do you pay rent? Invest your rent money into the ownership of your own home. Not only can you have a place to call your own, being a home owner can also open more financial doors for you. As the equity in your home increases, you can refinance and use the money to pay off bills, send a child to college, go on vacation or use the money for any reason. Owning your own home is a wise investment. Also, you won't have to worry any longer about rent increases. A home can bring stability to a family.

 

Owning your own home is easier than you think. Before you start browsing real estate listings, apply for a new home loan quote to see how much money your credit rating will allow you to borrow. This can help you narrow down the choices.

 

Our home loan lenders are ready to offer free interest rate quotes. Apply for a new home loan or for a mortgage refinance loan, regardless of bad credit or no credit.

 

Get the latest home loan news, and read our home loan articles.



Review Di an confirmation of content nor a warranty of any promises made by the website. Use the review information at your sole discretion and sole liability.
 



Review Disclaimer: Review information was gleaned from the website, and is neither an endorsement by us nor an confirmation of content nor a warranty of any promises made by the website. Use the review information at your sole discretion and sole liability.
 

FirstHomeBuyers.net Review - © 2001-Present

America's First Time Home Buyer Program Specialist. No downpayment to only 5% Down Loans

Home Buying Steps: Purchasing a new home is an important decision, especially so for a first time home buyer who doesn't have the knowledge and experience in buying real estate. My goal is to provide the first time home buyer with the tools and information so that they can determine if home ownership is right for them. Buying a home is a process and essentially involves six steps:
1. Decide to Buy
2. Organize Paperwork
3. Shop for a Home
4. Prepare an Offer
5. Secure a Mortgage
6. Close the Deal!

Benefits of buying a home:
1.Build Wealth - First of all, your home will appreciate in value and I believe real estate is one of the best investments you will ever make. For example, if you buy a home or condo for $200,000 and it appreciates 5% per year, you will have built up approximately $50,000 equity in 5 years. Also, you need to consider your monetary return on the money you actually invest in the property. Let's say you put 3.5% down and closing costs are approximately $4,000, you would have made $39,000 on a $11,000 investment-what a return! Obviously, there are other costs such as repairs and upkeep that you must subtract from the equation but you get the picture.
2. Tax Deduction - Secondly, the interest and real estate tax portion of your mortgage payment will be tax deductible which will give you a lower after-tax payment. Also, PMI is now tax deductible for new homeowners with adjusted gross income of $100,000 or less. Consult your accountant to determine your tax benefits. 

FirstHomeBuyers Down Payment Assistance and $8,000 Tax Credit: Lenders have eliminated zero down programs and most first time home buyers don't have funds for down payment and closing costs. FirstHomeBuyers has a program which you can get up to $25,000 for the down payment and closing costs. Also, there is a $8,000 tax credit available to first time home buyers but you must close on your new home by 6/30/2010. Tick! Tock! FHA allows you to get a 100% gift from a family member or person with long-standing relationship. Let's think about this for a second. If you purchase a home for $150,000, then you would need $5,250 for a down payment. You could get a gift and give it right back after you get your tax refund and, in essence, you are getting a great 30 year fixed zero down program and you can utilize the rate buydown and get a super-low payment based on 3.50% rate (3.66% APR). Can you beat that! Hurry, time is running out. 

Phone: (847) 516-5743

Chicago Headquarters
421 Wentworth Circle
Cary, IL 60013



Christmas Loan and Credit Card Financing - For many holiday shoppers, they'll have a choice between obtaining a cash personal loan or an unsecured credit card to purchase their Christmas gift shopping.

Which is best? That depends on the type of loan or credit card. As for loans, a long term personal loan has far less interest and an easier repayment plan. In regards to unsecured credit cards, there can be a tossup between rewards cards vs those with no rewards yet very low interest rates or an introductory period.

The best strategy for a personal loan with monthly installments is to get only the amount you actually need, and to setup a repayment term as short as possible. If you choose this option, aim for a loan you can easily repay within one year (12 installments). There are two reasons for this: 1) To reduce interest costs and 2) Why still be paying for one Christmas over three or more Christmas'?

Some personal loan lenders may offer you a grace period of 90 days before you must start repaying the loan. Even if this is offered to you, you should still start repaying the loan within 30 days of obtaining it. Each month, add a little extra payment towards the principal. In keeping with this, you'll need to ensure the lender does not charge any early payoff penalties.

Typical qualifications for a long term personal loan are:
No late payments in the past 90 days
No bankruptcy in the past 7 years
Ample income to repay the loan VS debt owed
Active employment for the last three years

Instead of paying interest, it's possible to earn money by choosing an unsecured credit card for Christmas shopping. A rewards card that generates cashback for purchases, plus has a 90 day 0% interest introductory rate can stuff your purse or wallet with much needed cash. Of course you'll need to payoff the full charges within the intro period in order to make out like a bandit.

For shoppers who patronize a particular store, they could obtain a card which offers the maximum cashback for purchases at certain retailers.

Yet there's another great advantage to using a credit card vs a loan... a credit card offers purchase protection and/or extended warranty coverage at no extra charge.

Finally, there's the security issue. If you obtain a cash personal loan, you'll be an open target for thieves, whereas your liability is limited to no more than $50 with a credit card.


Veterans are entitled to a mortgage no down payment. Visit the Government Loan Guaranty Home Loan Program website at www.benefits.va.gov regarding a mortgage no deposit required. Benefits of a VA Home loan include: Mortgage with no down payment (You can obtain mortgage zero down payment approval as long as the sales price doesn’t exceed the appraised value - of course you have to qualify for mortgage zero percent down in terms of income and credit); Negotiable interest rate; No mortgage insurance premiums; An assumable mortgage; VA assistance to veteran borrowers in default due to temporary financial difficulty.


Cosigner Mortgages: Before applying for a cosigner home loan, first ensure both parties would be able to repay without assistance from the other should one person default. Use our online mortgage monthly payment calculator to see if the loan payment would be affordable with your current budget. For a joint refinancing home equity loan, use our refinance calculator to estimate the new monthly installments. Can I use a cosigner for a mortgage for newly divorced person? Yes. In fact, your approval liklihood will improve if the cosigner has good credit. The larger your down payment percentage the greater chances of getting approved.


2nd mortgage vs home equity loan: A second mortgage is any loan that involves a second lien on the property. Some second mortgages are for a fixed dollar amount paid out at one time, in the same way as a first mortgage. As with firsts, such seconds may be fixed-rate or adjustable-rate. A home equity loan is a line of credit rather than for a fixed dollar amount. Borrowers may draw up to a certain amount of money whenever they desire. These "home equity loans" or "home equity lines of credit" are commonly named "HELOC", and they always have an adjustable rate. People often use a 2nd mortgage to consolidate debt or to fund a home remodeling loan.



Shopping For FHA Approved Lenders with Confidence

When applying for a FHA home loan, a prospective home buyer must first shop for a FHA approved lender. The FHA, or the Federal Housing Administration, has a list of approved lenders in every region across the United States that provides FHA approved home loans, and in order to get a FHA home loan, a person must go through an approved lender.

The website for the U.S. Department of Housing and Urban Development, or HUD, will typically have an easy to navigate list of approved FHA lenders for each area. HUD will authorize or approve certain lenders across different regions of the United States to originate government insured mortgages. When shopping for an ideal FHA approved lender, the process is similar to shopping for any lender, and finding the best FHA home loan will take some research of different lenders and their individual terms and conditions.

HUD revised the FHA lending spectrum with new FHA requirements for Approved FHA lenders and revised FHA guidelines for borrowers looking to refinance or buy residential properties in the United States. FHA Lenders were issued a temporary increase for mortgage limits in high cost areas.

* FHA Lenders were required to have a higher net worth and an increased capital reserves
* FHA introduced new appraisal requirements for FHA loans
* Down-Payments for FHA Home Buying Increased to 3.5%
* No Financed Fees on FHA Streamline Programs
* FHA Mortgage Lenders raised credit score requirements to a 500 Fico

Some lenders will offer some incentives like no lenders fees or covering closing costs, but these advantages will often come with some sort of a price. FHA mortgages that cover closing costs will allow a person to pay very little out of pocket to close on their home while they subsequently have higher interest rates over time. These lenders are perfect for those who are looking to close on their home quickly and don't mind paying the eventual amount of the closing costs over time, but they may not be recommended for those who can afford to pay more right away to close on a desired home.

Also, FHA approved lenders that cover lender's fees will follow the same rule; they will offer to cover these fees at the expense of a higher interest rate on the loan over time. This higher rate is not typically very expensive and will normally be around a percentage point or so higher than the rate would be if the fees are not covered, but it does provide an ideal option for those looking to spend less to close right away.

Finding the best FHA lender will often take some shopping around to ensure that an individual has found the best loan for their situation, and shopping for the perfect loan is normally not a difficult endeavor. When shopping for one of these loans, it is best that any prospective home buyer weigh out exactly what they want from their mortgage and find the lender that will offer a loan to best fit their needs.



Considerations between a Mortgage Personal Loan versus a Line of Credit.
If you're thinking about buying a house, there are more costs beyond the home mortgage payments.
Reverse Mortgage Loan Benefits. Pros and Cons about getting cash from your home equity.
Even if you have bad credit, you can get a no credit check personal loan for nonhomeowners.
Apply for a home equity loan, or view options for a traditional second mortgage loan to pay down debt, for remodeling, or for any reason.
Money for Home Loan Down Payment
A fantastic way homeowners can save money and build a large reserve of equity, is to payoff mortgage loans ahead of schedule. How to Pay Off Mortgage Early.
I'm a non-homeowner and I don't qualify for a debt consolidation loan. Is there a way I can get a bad credit loan to pay off credit card debt?
Some consumers who are trying to sell their homes are having a tough time and consumers wanting to purchase a home are not getting the financing they need. Renting to own or leasing may be a solution for both parties.
Free Tips Before Purchasing a Home. To buy or not to buy a home - that is a good question many consumers tackle at some point in life. There are a few questions you could ask yourself to help get to the correct answer for you.


Home for the Holidays: Part of the American dream to own a home is more than mere property ownership. It's living. It's raising a family. And it's quite comforting to think of living in a home you can decorate for the Christmas holidays. First time home buyers may find it best to start with a prior ownership home versus one just built and never had occupants. The reason is because those homes may be far less costly than newly built ones. Whether you want to buy a pre-owned home or a brand new house built for you, prepare your credit and apply for free mortgage loan quotes.

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