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your holiday funding.
Apply for a Christmas credit card
or for a Christmas personal loan





Mortgage Refinancing and Equity Options: Use your home as your personal loan resource. Apply for a low interest 2nd mortgage loan. A home equity loan can be used to pay for home remodeling to improve your home's value, or as a debt consolidation loan to payoff bills and get rid of high interest fees or to buy a boat or RV or to go on vacation.

Before you apply for 2nd mortgage refinancing, use our mortgage refinancing calculator to calculate the new long term monthly payments. In addition to providing money that can be used as an unsecured debt consolidation loan to payoff bills, a mortgage refinance loan can be used for any reason.

Learn about a joint mortgage loan, the benefits of a reverse mortgage and the options for a nonhomeowner debt consolidation loan. Get all the facts and carefully review the terms and conditions before you submit your mortgage refinancing application. Browse for more mortgage refinance resources.


Reverse mortgage - Information about the benefits of a reverse mortgage.

Home equity loan - Refinance your first mortgage and take cash out at closing.

Home remodeling loan - Use your home's equity to finance a remodeling project and increase home value.

Mortgage refinance loan - For a home equity line of credit, you may want to think about a traditional second mortgage loan.

Mortgage refinancing - Read the benefits of mortgage refinancing.

Mortgage refinancing calculator - Calculate your new mortgage payments.

2nd mortgage loan - Equity cash loan, debt consolidation, remodeling and other uses.

2nd mortgage refinancing - Apply for a lower interest rate and/or lower payments.

Mortgage Refinancing Advice

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Free Tips to Prevent Foreclosure

Mortgage Equity and Mortgage Bankers

Equity for Retirement

Home Remodeling Loan

Reverse Mortgage Loan

Home Remodeling Loan

Home Equity Loan

2nd Mortgage Loan





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Apply online for a home remodeling loan. Get a free equity loan quote from multiple lenders and see if you qualify for the lowest home improvement loan rate.



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A government home remodeling loan is limited to a maximum loan amount of $12,000 per family unit. But with the Credit Federal network, you can get a home improvement loan for up to $100,000 or more.

The Federal Housing Administration (FHA) makes it easier for consumers to obtain affordable home improvement loans by insuring loans made by private lenders to improve properties that meet certain requirements. "Lending institutions make loans from their own funds to eligible borrowers to finance these improvements."

The Title I program insures loans to finance light or moderate home remodeling, as well as the construction of nonresidential buildings on the property. This program may be used to insure such loans for up to 20 years on either single- or multifamily properties. The maximum loan amount is $25,000 for improving a single-family home or for improving or building a nonresidential structure.

For remodeling or improving a multifamily structure, the maximum loan amount is $12,000 per family unit, not to exceed a total of $60,000 for the structure. These are fixed-rate loans, for which lenders charge interest at market rates. The interest rates are not subsidized by HUD, although some communities participate in local housing rehabilitation programs that provide reduced-rate property improvement loans through Title I lenders.

FHA insures private lenders against the risk of default for up to 90 percent of any single home remodeling loan. The annual premium for this insurance is $1 per $100 of the amount advanced; although this fee may be charged to the borrower separately, it is sometimes covered by a higher interest charge.


With a home remodeling loan you can get cash to fund your house's improvement plans.

There are two primary types of home improvement loans; 1) those that use the equity in your home and 2) those that require a down payment.

Home loans using home equity as collateral are the most common and offer the biggest loan amounts, but lenders are looking for homeowners to retain a 15% equity stake after the loan. This means you'd need a fairly large amount of equity in your home to qualify.

Your other option is to pay a down payment rather than use the equity in your home as collateral, but if you don’t want to tie up equity in the home, you’re looking at a much smaller loan with a higher interest rate.

When looking for equity financing, your current mortgage lender may not be the best choice. To get the best deal, comparison shop with several lenders including your mortgage company.

Typically to qualify for a home improvement loan you'll need a good credit score and enough monthly income to comfortably pay for all of your debts, including the additional loan payment.

If you choose to use your home's equity as collateral, the lender may require an appraisal of your home. The lender will use the appraisal amount and your mortgage terms to determine how much equity you have in your home and what the home is worth to the lender.


Regardless of bad credit or no credit, our multiple lenders want to offer you a home remodeling loan at the lowest interest rate possible. Applications accepted from all credit types.


Learn more about home mortgages, and read our articles related to a home remodeling loan.

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. Review - © 2004-2011 One Reverse Mortgage, LLC

Get all your reverse mortgage questions answered today! By filling out this quick form, you will have access to the Retirement Your Way Guide and DVD.
You’ll find out:

* Do you qualify for a reverse mortgage?
* How much money could you get?
* Is a reverse mortgage right for you?
* How does a reverse mortgage work?
* What kind of reverse mortgage products are available?
* And any other answers you may be looking for

Important facts about reverse mortgages:

* You own your home – not the bank.
* You never make another mortgage payment while you live in the home
* You can refinance or sell whenever you want – with no penalty.
* The money you receive is tax-free
* You can use the money you get any way you wish

Why homeowners are choosing One Reverse Mortgage:

* One Reverse Mortgage is an approved lender of the Federal Housing Administration (FHA) and the U.S. Department of Housing and Urban Development (HUD).
* We are one of the few lenders in the country that upholds the highest level of approval with these government agencies.
* We are also proud members of NRMLA, the National Reverse Mortgage Lenders Association and strictly adhere to its Code of Conduct.

What you’ll like about a One Reverse Mortgage

A Reverse Mortgage is simply a government-insured reverse mortgage commonly known as a home equity conversion mortgage (HECM). It’s a program designed specifically for homeowners over 62 to use as a form of financial relief. The program lets you access your home’s equity like cash without making payments. Here are some benefits:

* Income and credit are not factors when we qualify you for a One Reverse Mortgage – only your age and the amount of equity you have determine how much income you can get.
* With any reverse mortgage, you will never make a mortgage payment as long as you live in your home.
* The One Reverse Mortgage is insured by the Federal Housing Administration (FHA), which has set a loan limit of up to $625,500 for your reverse mortgage.
* There are a variety of reverse mortgage options including both the HECM Standard and HECM Saver available in adjustable and fixed rates. Your Reverse Mortgage Expert will walk you through every step, answer all of your questions and help customize your loan for you.

Whether you have a mortgage payment and you’d like to pay it off, or if your home is paid off and you’re looking for additional income, reverse mortgages are designed to give you that financial freedom you deserve. Whether you just want to enjoy everyday life, help support a loved one or pay off rising expenses, a reverse mortgage can give you immediate access to your money!

One Reverse Mortgage provides you with the right loan for your situation. We'd love to hear from you so we make it convenient to get in touch with us. To make sure we give you the best possible service, we monitor and record your communications with us.
Need expert advice on a reverse mortgage? Give us a call at (800) 401-8114

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.

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. Review

Purchase, refinance home equity, debt consolidation, jumbo, first time home buyer, and zero down payment home loan options are just a few mortgages lenders specialize in today. Access Home Loans is an online resource providing a full line of lending services to ensure borrowers: loan approvals, competitive interest rates and timely closings. These home loan program options are offered by local and national mortgage company lenders and brokers doing business with integrity, efficiency, and personal service.

To top it off, you get terrific service, low rates, low fees, and an experienced mortgage lender who will answer your questions, keep you up-to-date, and do whatever it takes to make your first time home buyer experience amazingly easy! Get the first time home buyer loan program you want with a low downpayment and mortgage rates!

Purchase Loans: Fixed and adjustable mortgage rate program with low interest buy-downs

Home Equity Loans: HELOC mortgages, refinance, debt consolidation and other equity loan options

Home Refinance Loans: Refinance you current mortgage while interest rates are at all time lows

Super Jumbo Home Loans: Residential multi-family fixed and adjustable loan programs up to 5,000,000

Low Down Payment Program: 3-5% down payment, no maximum income restrictions, loans up to $400,000

No Down Payment Loan Program: Avoid typical first time home buyer up front home buying loan expenses

First Time Home Buyer Loan Program: Zero down payment first time home buyer loan payment help option

* First Time Home Buyer mortgage loan solution
* Up to 100% combined loan-to-value with 1st and 2nd mortgage lien
* Income stability is important within the last 2 year's
* Credit is important within the last 2 year's
* Homebuyer education certificate
* Loan amounts up to $650,000
* Fixed mortgage rates only
* Assumable with qualification
* No loan prepayment penalties
* No mortgage insurance premium
* 6% seller concessions allowed
* Family-member gifts allowed
* Non-occupying cosigners allowed
* 1 to 4-unit dwellings and condos allowed
* Up to 10% of down payment assistance (Qualified buyers)
* Grant can pay for closing costs and down payment.

When you want to buy a home, you are faced with many decisions. As a first time home buyer the first is whether you are actually ready to buy. Finding the right first home is not always easy, and getting a first time home buyer mortgage loan can be time consuming and complicated. See Government Affordable Housing Programs for low income borrowers.

To help you decide if you're ready as a first time home buyer, we'll take you through the steps a mortgage lender uses to decide if you qualify for a first time home buyer loan. When you take out a loan, you sign documents that say you promise to pay back the loan.

When a mortgage lender makes you a first time home buyer loan, it has determined that there is a good likelihood that you can keep that promise. The mortgage lender knows that it does not help you or the lending institution if you are given a loan, but then, for any reason, are unable to make the loan payments each month.

Fixed rate products
* 30 Year Fixed (30 year)
* 15 Year Fixed (15 year)

Adjustable rate products
* 10 Year Fixed (30 year)
* 7 Year Fixed (30 year)
* 5 Year Fixed (30 year)
* 3 Year Fixed (30 year)
* 1 Year Fixed (30 year)

Stated income products
* 15 Year Fixed (30 year)
* 30 Year Fixed (30 year)

Combination loans
* 80/10/10
* 80/15/5

Prepayment penalty products
* 15 Year Fixed (30 year)
* 30 Year Fixed (30 year)

Home equity line of credit
* Adjustable Rate Mortgage

Home equity (2nd's) loan
* 30 Year Fixed (30 year)
* 15 Year Fixed (15 year)

Balloon products
* 7 Year balloon (30 year)
* 5 Year balloon (30 year)

Minimum Down Payment
* 30 Year Fixed (30 year)
* 15 Year Fixed (15 year)

An adjustable-rate mortgage differs from a fixed-rate mortgage in many ways. Most importantly, with a fixed-rate mortgage, the interest rate stays the same during the life of the loan. With an ARM, the interest rate changes periodically, usually in relation to an index, and payments may go up or down accordingly. To compare two ARMs, or to compare an ARM with a fixed-rate mortgage, you need to know about indexes, margins, discounts, caps on rates and payments, negative amortization, payment options, and recasting (recalculating) your loan. You need to consider the maximum amount your monthly payment could increase. Most importantly, you need to know what might happen to your monthly mortgage payment in relation to your future ability to afford higher payments. Lenders generally charge lower initial interest rates for ARMs than for fixed-rate mortgages. At first, this makes the ARM easier on your pocketbook than would be a fixed-rate mortgage for the same loan amount. Moreover, your ARM could be less expensive over a long period than a fixed-rate mortgage--for example, if interest rates remain steady or move lower. Against these advantages, you have to weigh the risk that an increase in interest rates would lead to higher monthly payments in the future. It?s a trade-off--you get a lower initial rate with an ARM in exchange for assuming more risk over the long run. Here are some questions you need to consider: * Is my income enough--or likely to rise enough--to cover higher mortgage payments if interest rates go up? * Will I be taking on other sizable debts, such as a loan for a car or school tuition, in the near future? * How long do I plan to own this home? (If you plan to sell soon, rising interest rates may not pose the problem they do if you plan to own the house for a long time.) * Do I plan to make any additional payments or pay the loan off early?

Negative amortization is when you owe more money than you borrowed: Negative amortization means that the amount you owe increases even when you make all your required payments on time. It occurs whenever your monthly mortgage payments are not large enough to pay all of the interest due on your mortgage--meaning the unpaid interest is added to the principal on your mortgage, and you will owe more than you originally borrowed. This can happen because you are making only minimum payments on a payment-option mortgage or because your loan has a payment cap. For example, suppose you have a $200,000, 30-year payment-option ARM with a 2% rate for the first 3 months and a 6% rate for the remaining 9 months of the year. Your minimum payment for the year is $739.24, as shown in the graph above. However, once the 6% rate is applied to your loan balance, you are no longer covering the interest costs. If you continue to make minimum payments on this loan, your loan balance at the end of the first year of your mortgage would be $201,118--or $1,118 more than you originally borrowed. Because payment caps limit only the amount of payment increases, and not interest-rate increases, payments sometimes do not cover all the interest due on your loan. This means that the unpaid interest is automatically added to your debt, and interest may be charged on that amount. You might owe the lender more later in the loan term than you did at the beginning. A payment cap limits the increase in your monthly payment by deferring some of the interest. Eventually, you would have to repay the higher remaining loan balance at the interest rate then in effect. When this happens, there may be a substantial increase in your monthly payment. Some mortgages include a cap on negative amortization. The cap typically limits the total amount you can owe to 110% to 125% of the original loan amount. When you reach that point, the lender will set the monthly payment amounts to fully repay the loan over the remaining term. Your payment cap will not apply, and your payments could be substantially higher. You may limit negative amortization by voluntarily increasing your monthly payment. Be sure you know whether the ARM you are considering can have negative amortization.

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.

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.
Apply online for a home remodeling loan to increase your home's value.
Mortgage bill aims to safeguard the nation's two largest mortgage finance companies; Fannie Mae and Freddie Mac, and to help troubled borrowers avoid foreclosure. Get free lender quotes for a 2nd mortgage refinance loan or an equity loan to pay bills, to remodel or any reason, or apply for a new home loan.
Even when mortgage interest rates are high, you may still benefit by refinancing such as by raising your home's value through remodeling loan improvements.
Want a new kitchen, bathroom? Need a new roof, patio, or an addition? Free tips and home remodeling loan application.

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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