Author Archive

Mortgage Tips: Credit Bureau Readiness

Monday, December 19th, 2011

Navigating through the mortgage process can be challenging and confusing for first time home buyers.  Even after your first home, upgrading to your second home or refinancing your existing mortgage, involves a lot of paperwork, documentation and some degree of uncertainty.  Although mortgage specialists at your local bank can be helpful, one must ensure the mortgage products being offered are right for your needs, lifestyle and future goals instead of just accepting what the bank has to offer or what they say you can qualify for.

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Considerations Before A Short Sale

Tuesday, October 25th, 2011

Losing your home to foreclosure can be scary and many people may make the wrong choice in mortgage relief when the threat begins to bring increased pressure. When you are facing mortgage debt is may feel like your options are shrinking along with your wallet. In fact, the opposite is quite true. There are many options available for helping homeowners get out of an underwater mortgage and avoid foreclosure. However, not all options are created equal and there are some considerations that go into play with certain actions like a short sale.

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Reverse Mortgages – Why Seniors Should Consider It

Wednesday, August 31st, 2011

Are you getting old and due for retirement? Are you getting worried about living in a time of uncertainty? When you become a senior citizen at sixty two and you start getting worked up about how to cope at this stage of life without the assurance of a regular income from a job, then it is time for you to consider a number of solutions available to seniors.

Refinace – Denver

Saturday, April 9th, 2011

Michael Shotnik
Denver Refinance Specialist
denver1stmortgage.com
mshotnik@summit-mortgage.com

Refinance with Confidence.
With all the market volatility and the downward trend in the stock market mortgage rates have been about the only bright spot. If the fed decides to cut short term rates which it sounds like they will then mortgage rates will increase. If you are considering refinancing out or an ARM or trying to capture a lower rate now is the time.

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What Are The Advantages Of Home Equity Loans?

Friday, March 11th, 2011

In case you are wondering what home equity loans actually are, it is nothing but a system through which homeowners borrow money by making use of the equity in their home. Now, equity is actually the appraised value of the home that remains after deducting the balance of a mortgage. Some lenders permit the borrowers to borrow up to 85% of this value which will hence enable a lot of homeowners to have access to cash so that they can make major purchases at extremely low costs. There are a lot of advantages of home equity loans and some of them have been discussed below.

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On The Refinancing Of The Bad Credit Mortgage

Friday, September 18th, 2009

As the financial situation has become unpredictable and erratic, non prime loans have taken a nosedived, leaving the investors in a fix. As it is a gamble the investors expect some kind of relief soon. The degree of the gamble has in turn hiked credit prices for borrowers. Initially investors gained considerably from the increase in fiscal growth and the rise in prices of bonds and currencies. But at that time the gamble in the markets was at a very low level and both consumers and markets basked in easy credit facilities.

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