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Mortgage interest rates have started to creep up! There may never be a better time to:

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  • Mortgage Refinancing
  • Purchase a Home
  • Get a Home Equity Loans
  • Get a Equity Line of Credit
  • Consolidate Your Debt
  • Get a Second Mortgage
  • Make a Home Improvements

If your credit rating is less than perfect you can even apply for bad credit loans

Check out our mortgage calculator to see your estimated payment for different loan amounts, interest rates, and terms.

    What's advantage for you:

    Bad Credit Loans If your credit is truly damaged, you may need a "SubPrime" loan. These loans may have higher interest rates, but they can often get you approved when no one else can.
    Refinance Your Home Mortgage Refinancing replaces your existing loan with another lower interest rate loan for the same amount. This can save you tons of money when market interest rates drop 1 or more percentage points lower than your present rate. Refinancing can be used to reduce your interest rate, change the term of your loan, or to consolidate your debts.
    Home Equity Loans With a Equity Loan you can use your home as collateral to consolidate bills, make home improvements, buy a new car, plan a vacation, etc. The minimum amount available for a loan is $10,000, but you can borrow as much as $250,000. There are no closing costs or fees associated with the loan.
    Debt Consolidation Signup for a free debt reduction analysis and see how you can save lots of money!
    Second Mortgages If you don't want to refinance your existing first mortgage, but would like to use your home equity for debt consolidation or just to get cash for any purpose.
    Home Improvement The Title I loan is for individuals requiring funds for home improvement, but who have little or no equity in their property or who live in a state where equity loans are very limited. If you have some equity in your home you may want to consider refinancing for your home improvements. Title I loans bear a higher interest rate than other loan types available.
    First Time Home Buyer Loan Generally, a lender will want your monthly mortgage payment to total no more than 29% of your monthly income before taxes and other paycheck deductions are taken out. Use our mortgage calculator to see what will be your monthly payment
       
       

    Take just 5 minutes and find the loan that fits your needs and save thousands of dollars, and best of all it's FREE!

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Can Mortgage Payment Be Done By Use Of Bitcoins

Bitcoins.jpg

Many vendors like https://bitpm.ro/ always get happy when you utilize your bitcoins to purchase their products online. Cryptocurrency is continually being accepted by retailers and it has made people wonder if bitcoins can be used for a mortgage payment. The following is a discussion on whether it is possible or not to get a mortgage by Withdrawing / Spending Bitcoin.  

The problem of volatility

Despite the growing excitement of Bitcoin usage, there is a challenge when it comes to transacting real estate deals. In accordance with data released by Blockchain.info on 6th April 2014, the price of bitcoin was at $ 459.67. The previous day it was at $ 451.84 and after 6th April 2014, it was at $447.74. Bitcoin volatility has made it a nightmare for financial institutions to use it in valuing mortgages. Consider the following examples of volatility.

  • If you borrow $ 200,000 for your house and the exchange rate of the mortgage is $400 for each $1, your mortgage will be valued at 500 bitcoins. 
  • A sudden switch of bitcoin value to $500 would make you owe the bank $250,000. This is not an experience you would like to go through. 
  • In contrary to the previous option, the value may drop to $ 300 meaning that you owe the bank $150,000. It is very obvious that no bank would agree to such terms. 

Bitcoins hold a very high improbability of being used in a mortgage plan unless its price attains stability. It still wonders about the needed stability because, despite the long existence of gold and silver, mortgages are not issued against them.

The possibility of using a processor for Bitcoin payment

A processor for bitcoin payment is the only way that stands a chance to overcome Bitcoin price volatility. It would work as discussed in the following summary.

  • Signing up for a mortgage service and providing your payment information.
  • Scheduling your payments on a monthly basis or paying once each time you utilize the wallet which stores your bitcoin. 
  • Your creditors should get checks from the payment processor. 
  • For every transaction, the payment processor should apply a considerable and convenient fee. 

This worked in theory for a while because there are rumors attaching BillPayForCoins.com to processing several mortgage payments. The interesting part is that no fees were charged for services under $8,000. Unfortunately, around December 2013 BillPayForCoins.com was closed. Not even other types of cryptocurrencies like Coinbase and Bitpay have been used in mortgage payments. 

Is it possible to use Bitcoins for paying the mortgage?

For now, it is not possible for financial institutions providing mortgages to accept such terms. If payment processors fail to make deals with financial institutions, only one option is left for using Bitcoins for a mortgage. You should consider exchanging Bitcoins with dollars and after depositing them in a bank, you will pay the lender normally. 

Conclusion

The above discussion outlines the volatility of using Bitcoins and available possibilities. If by any chance things change and allow mortgage payment by use of Bitcoins, key attention is required based on the requirements for tax reporting. 


Buying and Selling Property Through Online Auctions: How it Works

Selling-Property-Through-Online-Auctions

In this digital era, everything can be bought and sold online, including property. Experts recommend helium 10 for the same. Unknown to many property owners, there are online property auctions where you can buy or sell individual properties. 

With online property auctions, you can bid on any property which interests you in real-time until the end of the auction. Therefore, you can make an investment purchase from anywhere as long as you have an internet connection.

Here is everything you need to know about online auctions.

What is an Online Property Auction?

An online property auction involves selling individual property online. Bidding for listed property is done on an online-based platform, which is similar to Selling on Amazon or eBay. All bidders will be asked to register their interest and submit valid documents to be able to bid on the listed items.

How Online Property Auctions Work

In an online auction, properties are placed online, and a 30 days auction timer is set. Buyers can see property images, bid, and buy them. However, buyers may need to pay a participation fee, which is usually refundable. 

All this information will be available on the auction website, which you can access through your phone or laptop. 

Bidding online is similar to physical bidding since it offers the same features. For example, you get access to various transparent sales and a range of available unique property. At the end of the auction, the highest bid wins.

Types of Online Property Auctions

There are two types of online property auctions conditional and unconditional. In a conditional online auction, the successful bidder has a long period to complete the purchase and exchange contracts. Usually, there is a 40 working day allowance.

On the other hand, an unconditional auction involves the exchange of contracts immediately after the hammer falls. This auction has a completion period of 28 days.

How to Buy Property Through Online Auction

  • Register to an auction account and log in
  • Bid through live bidding or online proxy 
  • Bid on the property
  • Buy it

Advantages and Disadvantages of Buying Through Online Property Auctions

Several pros and cons come with buying a property through online auctions. 

Pros:

  • The main advantage of online auctions is that it is fast. You can sell your property much faster since you only have to put up your property for sale. This is unlike a physical auction, where you need to wait for the next sale that could be weeks away.
  • Online auctions attract buyers from around the globe. More bidders could mean a better selling price. 
  • Unlike a traditional property auction, online property auctions have a long completion timescale that allows the buyer adequate time to arrange for the mortgage finance.
  • The process of buying and selling properties on an online auction is very transparent. It lets you see the bidding process.

Cons:

  • One disadvantage is that you may not fully benefit from competitive bidding, which happens in physical bidding. As such, you may not always get the best sales price. 
  • Buyers and sellers may be required to share in legal costs, depending on the seller's terms.
  • Online auctions may include other administrative fees.

How to Sell a Property Through an Online Auction

First, you need to choose a sales platform where you prefer to do the online auction. You should then agree on the reserve price with the online auction company and your estate agent. This is not the actual bid but the lowest price you are ready to accept.

Get your legal documentation ready and set conditions for the auction. The longer you advertise, the more likely you will get higher bids. Follow the bidding process online. You should note that the reservation fee will only be paid to the online auction company and the estate agent when a buyer pulls out. 

 Advantages and Disadvantages of Selling Property on an Online Auction

Pros: 

  • The seller, and not you, bores the cost of selling the property
  • A quick way of selling property
  • The process is transparent
  • Online auctions have fixed dates for exchange and completion by both parties

Cons:

  • The selling price is usually lower compared to the open market
  • May include other administrative fees

Conclusion

Buying and selling property in an online auction is a convenient way compared to the conventional bidding method. Besides, you get the same transparent sales while enjoying flexibility. The ability to bid anywhere as long as you have an internet connection is worth a try.


Increasing A Mortgage In Fixing Up A House

Mortgage-In-Fixing-Up-A-House

Homes that require repair will always be sold at a remarkable discount. Some unique lenders on this website will always give a good plan that provides money to buy a house and cater to major repairs. This is considered a good deal to help you when fixing a house. Stud Finders assists in locating stud framings which are very essential in a building.

Some of these lenders will calculate the value of a house and lend it to you based on a certain percentage. This percentage will always remain fixed. If you want to get an increased mortgage, the Federal Housing Administration program is sought. This is the FHA 203(k) and the following are some of the best tips for a successful mortgage increase. 

Ensure You Locate Property Which Is Eligible

According to FHA 203 (k), the individual taking the mortgage out should be the primary owner of the property. In addition, the house should be used primarily as a residence of the concerned person. The following are examples of eligible property.

A residence owned by a single family

A residence consisting of multifamily and the units can be up to four. One of the four is required to be a principal residence. 

Look For An Experienced Lender

The experience of such a lender should be specialized in programs dealing with FHA 203(k). The housing and urban development department will help you come up with a reputable lender. Do your search well and get a list of all available lenders. 

Before choosing from the long list, consider the years of experience so that you get the best. 

Let Your Lender Assist In Plan Development

Working with the lender is very helpful when it comes to following the FHA 203(k). It is a crucial part when adopting this program and locating a reputable lender. You will never walk alone throughout the process. 

You will be required to pay some payment at first before the process begins. Additional fee may be required to cater for major repairs that cannot be left unattended. An example of a major repair is the one that makes a house to have increased energy efficiency. 

Building Home Equity

You can achieve this by ensuring that the down payment is large. This is achieved by borrowing against your equity and returning it upon tax return from the federal income. The loan will be catered for by the lump sum you receive. The best thing is that you will do payments monthly at a fixed interest rate.

Conclusion

The discussed tips will help you a lot in doing this kind of business. Every deal requires a successful ending hence the reason to embrace such a guideline. Just like high-quality Stud Finders during repairs, highly experienced lenders are also essential in the mortgage procedures.

It is always a good idea to seek counsel where you are incapable. A good lender and the FHA 230(k) will ensure that you are not mixed up in the process. They will offer a legitimate and the best option available.


The Perks of Getting A Mortgage Online

Mortgage-Online

There is more to the internet than just social media or download pc version of the game; these days, you can already find a number of businesses online such as financial institutions.

If you are planning to get a mortgage from your local bank, you might want to think twice about it as there are numerous mortgage loan firms online these days that offer more favorable mortgage terms.

Below is a rundown of some of the advantages online mortgage services have to offer.

  1. Compare Mortgage Offers

When you physically visit a bank with the purpose of getting a mortgage, you will be given a portfolio that contains the bank's mortgage options. On the other hand, when you choose to get a mortgage on the web, you get the opportunity to shop for multiple offers from different loan services.

Getting a mortgage online allows you to compare mortgage offers and evaluate which loan service offers the most favorable mortgage term for you. Moreover, most online mortgage services include articles, FAQs, fact sheets, etc. to help you better understand the mortgage options' percentage rates, payments, as well as fees.

  1. Accessibility to Interactive Online Tools

The majority of online mortgage service websites feature hands-on tools to help customers have a better evaluation of every mortgage deal. They offer online mortgage calculators that allow users to determine if the projected monthly payment for the next decades suits their future financial plans. These mortgage calculators can also be customized to fit different situations. For example, there are options for mortgage purchase calculation and refinance mortgage calculation.

Moreover, numerous online mortgage services now offer smartphone apps that allow users to access and monitor the status of their mortgage application. These apps generally allow users to modify or verify the relevant paperwork to their application as well.  

  1. Convenience

If you choose to get a mortgage online, you are able to research and shop for the best lenders at your own pace. It means you no longer have to skip work just to physically visit a bank or a mortgage institution on a regular working day.

Furthermore, online mortgage lenders offer a number of intuitive online tools such as mortgage calculators to help clients evaluate the mortgage terms without having to talk to a mortgage broker. Moreover, online mortgage services also approve clients' mortgage applications online.

  1. Higher Chance for Approval

 A lot of people who are planning to get a mortgage through financial institutions get discouraged to pursue their applications due to their low credit scores. Banks and loan services often require clients to have a minimum credit score when getting a mortgage.

However, most online mortgage services offer more flexible requirements, and they also often accept applications from clients who are rejected by financial institutions.

  1. Stellar Support

The majority of online mortgage companies these days offer fast online support. Unlike banks and other financial institutions where you need to book an appointment ahead to meet a mortgage specialist, online mortgage firms have a team of customer support that can answer customer queries within a day.

Getting in touch with your chosen mortgage service is crucial as you may have concerns and questions that need clarification.

Conclusion

There you have it - those are some of the advantages you can enjoy when you choose to get a mortgage online.


5 Tips to Boost Your Retirement Savings

Retirement-Savings

Retirement is the time of your life where you break-free from all the stress of your daily responsibilities. However, not everyone gets to live the retirement life they want.

If you want to be financially secured before you lay off your work, then you must need to know about life settlement. Here are a few tips for you to achieve that.

  1. Come up with a plan.

The first step to building financial security for retirement is a concrete plan. Many people make the mistake of not creating a written plan on how they can maximize their retirement savings.

Although writing down a plan seems like a very simple process, it will serve as your road map to achieve your financial goals. Furthermore, having a comprehensive plan provides you with the most important contexts to focus on and it will guide every decision you have to make.

  1. Start saving today.

It is very easy to come with a plan but some people may take a while to kick off with the essential steps to achieve their goals. A lot of people tend to procrastinate because they don't know where to start or they feel uncomfortable making financial decisions.

Procrastination kills time and it undermines your plans for a financially secured retirement. Thus, if you don't want to settle for less than what you have planned for the future, then you better get on with your plans ASAP.

  1. Regulate your spending.

The huge problem among most people is that they choose to spend more money to look wealthy rather than being wealthy. You may have a few people in your life who live a lavish lifestyle but are also in debt and don't have enough savings. This is because instead of saving money, they choose to spend it.

If you don't want to spend your retirement life in indebtedness then you must control your spending now. Live a life where your lifestyle is way below your income and not the other way around. Furthermore, doing this will give you extra capital to invest in other ventures.

  1. Review your life insurance policy.

Once you are close to your retirement age, take some time to review your insurance policy and figure out if you still need it or not. If you decided to choose the latter, you may opt for a life settlement transaction which means you'll sell your existing life insurance policy.

Just as any financial assent, your life insurance policy is also considered as your property, therefore, you have all the right to sell it.

  1. Picture the life you want after retirement.

Planning for your retirement should not only involve money; it should also include your health, your relationships, and the activities you are interested in engaging at that point in your life. To live a happy retirement, you must be financially secured, fit, and have healthy relationships.

When you are no longer at work, you must have some sort of endeavor to live for. At the same time, make sure to keep an eye on your health and invest time to nurture relationships.

Conclusion

Financial planning for retirement makes a huge difference; it helps you focus on your goals and learn new ways to maximize your savings.


 

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