What is the difference between a fixed rate bond and a floating rate bond?
"A fixed rate bond is a bond that has a fixed rate, whereas a floating rate bond can change due to different variables. BNET is a great business resource that will help with learning about fixed and floating rate bonds."
What exactly are reverse mortgage leads?
"Reverse mortgage leads are people who need to refinance their mortgages. Companies get this information, and then sell these peoples numbers to banks that do mortgages."
Can you apple for a Home Equity Line of Credit at Tri Counties bank?
Yes you can apply for a Home Equity Line of Credit at a Tri County Bank. You can apply for a Home Equity Line of Credit at any bank of your choosing. Hopefully you have a bank near you.
Who has the lowest mortgage rate currently?
"According to JD Powers, Speedtrack Loans and Quicken have the lowest mortage rates currently with the major players such as Bank of American and Citibank coming next in line."
What does the brand equity mean?
"Brand equity is trying to determine how much a brand's name is worth to the product. It's trying to study and determine how much, for example the name ""Dove"" is worth to soap."
Are mortgage rates higher in Colorado or California?
"As of August 28, 2001 mortgage rates in Colorado are averaging 3.81% for for a fixed 15 year loan, 4.44% for a fixed 30 year loan, and 3.25 for a 5/1 ARM. In California they are running 3.65%, 4.22%, and 3.20% respectively. So it seems mortgage rates are slightly lower in California at this time."
What are the requirements to qualify for an FHA home loan?
"Requirements for an FHA home loan vary depending on what kind of loan you are applying for. If you are applying for a re-structuring loan, you need to own a home. If you are applying for a first mortgage, you need good credit, a deposit and a social security number."
What is the appropriate account title for transfer of funds to another banks?
Investment
Cash in Bank
What is one tip I should know before applying for a home equity line of credit?
Before applying for a home equity line of credit the one tip you should know is to know your credit score. By kowing your credit score you are able to approach your bank with the information you need to apply for the right program and recieve the right line of credit.
What are the rules for claiming the Hope Credit on taxes?
"People that want to claim the Hope Credit on their taxes must follow the certain rules. It can only be done in the first two years of college, student must at least be a half time student, cannot be used for tuition that was paid for using scholarship funds, grants or employer money and the student must have no felony drug convictions."
Can FHA refinance your automobile?
"No. FHA loans are actually for financing your house if you have a lower income. It's a government program, that low income people use for buying homes."
What is currently the lowest mortgage rate offered?
Currently the lowest interest rate offered on a 30-year fixed rate mortgage is 3.75 percent. Interest rates are historically low at the moment due to the economic downturn.
What types of home mortgage loans are out there?
"Types of home mortages include fixed-rate, FHA loans, adjustable rate, and mortgage buydowns. There is further variation within some of these types. For example, fixed rate mortgages may be for 10, 20, 30, even 50 years."
Are there loans for temporary homes?
"Yes, there are loans for temporary homes. However, getting one requires some information such as how long you've been working in a job."
Which companies offer mortgage loan modification?
"Every mortgage lender or mortgage servicer offers mortgage loan modification. There are also many third party companies that offer mortgage loan modification, but work with them at your own risk."
What are the requirements for a USDA home loan?
"Your household income must meet certain guidelines first. You will have to be classified as having very low income. Also, the house you want to purchase must be located in an area that is approved by the USDA."
Why is it good to have an fha home loan as oppose to others?
An FHA loan may be easier to qualify for if you have limited down payment (FHA loans may be available with as little as 3% down), have less than perfect credit history (the FHA guarantees the loans for the lender allowing them to assume more risk than would otherwise be the case), may have lower closing costs and may offer a lower interest rate. All these are reasons why it may make more sense to have an FHA loan as opposed to a conventional loan.
Is Florida home equity the same rate as California home equity?
Yes, the rates are the same because they are based on percentages, not on the local economy or your income. However, if you were to pick a less developed are over a more urban one, your rate might be lower and this has nothing to do with the state, but instead the land value of the place under your mortgage.
Do you have to have perfect credit to obtain an American Equity mortgage?
It is not required to have perfect credit to obtain an American Equity mortgage. However, in today's day and age, with many companies keeping their credit on such a short leash, it would be a good idea to try to clean any fixable problems in your credit report before applying.
Who qualifies for the homebuyer credit?
Individuals who are a first-time home buyer that haven't owned a home for at least three years before the date that they settled in their new home.Basically,if you purchased a home in 2008,2009,or 2010 and it is your primary home,you may qualify
What are the payment plans like for an FHA home loan?
You can get two different types of FHA loans. They are for lower income people, and if you get a home in a rural area, you get a lower interest rate. You can get a 30 year term, or 15 year term.
What if the Mortgage company forged your signature on Loan application?
That should be easy to prove. You should take copies to the local state attorney general office or make an appointment with your local state court district attorney. They should be able to advise you.
That should be easy to prove. You should take copies to the local state attorney general office or make an appointment with your local state court district attorney. They should be able to advise you.
That should be easy to prove. You should take copies to the local state attorney general office or make an appointment with your local state court district attorney. They should be able to advise you.
That should be easy to prove. You should take copies to the local state attorney general office or make an appointment with your local state court district attorney. They should be able to advise you.