Question by thndh: Does hope for home owners include home equity loans in their programs?
Best answer:
Answer by Biggie @ Arbor Mortgage
Contact your lender to find out. They are the only ones that will do it.
Add your own answer in the comments!
TexasLending.com to Discuss the Obama Mortgage Tax on Radio KLIF in Dallas
Dallas, Texas (PRWEB) January 21, 2012
Kevin Miller, CEO and president of TexasLending.com, a Texas home loan and mortgage company specializing in Texas refinance loans and Texas home equity loans, and his co-hosts will discuss how the new Obama Mortgage Tax has affected the housing market so far, increasing rates between .125% and .25% for people that refinance or purchase a loan that will be sold to Fannie Mae or Freddie Mac on The TexasLending.com Mortgage Hour on KLIF radio in Dallas on Saturday January 21st, 2012.
In Dallas/Fort Worth the TexasLending.com Mortgage Hour radio show airs on Saturdays on AM 570 KLIF from 1:00 p.m. to 2:00 p.m.
“The impact of the Obama Mortgage Tax has been large for those who thought they would get the lowest home loan rates on record only to be surprised by the increase in rates,” commented Kevin Miller.
TexasLending.com has been on the air for over 10 years to educate the consumer about home lend in Texas. Listen in each week as the CEO of TexasLending.com, Kevin Miller, and his co-hosts, discuss the behind the scenes information about the mortgage industry that will assisting you in making an informed decision about your home loan now and in the future.
About TexasLending.com:
TexasLending.com provides expert service in the field of residential mortgages. Headquartered in Dallas, TexasLending.com specializes in loans throughout the states of Texas, Oklahoma, Florida, Missouri and Colorado. TexasLending.com is a mortgage Banker with virtually unlimited options available for conventional, FHA, VA, Texas home equity loans, refinance loans, reverse mortgages, Dallas home loans, Houston home loans and Austin home loans. To find out more about Texas Lending’s home loan and mortgage programs, visit http://www.TexasLending.com.
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Security America Mortgage, Inc. Announce That They Are Now Sponsoring Low VA Mortgage Rates with New 2012 VA Loan Calculations for Texan Home Buyers
Austin, Houston, Dallas, San Antonio, TX (PRWEB) January 21, 2012
The Department of Veterans Affairs changed a few methods used to calculate the VA Home Loan maximum amounts for veterans buying a home in 2012. Since VA’s 2011 procedure is no longer relevant for calculating a VA Home Loan amount in Texas, what does that mean for veterans and active duty military members who are ready to buy a home using VA benefits in cities like Austin, Dallas, Houston, and San Antonio?
For expert mortgage companies in Texas, like Security America Mortgage, Inc., a company who specializes in VA Loan and Real Estate services for Texas home buyers, they can still offer VA loans that provide the lowest rates possible in 2012. In a nutshell, the 2012 calculation change simply means that the maximum amounts for home purchases have a different formula used to calculate the VA guaranty loan amount allowed for veteran home buyers. Overall, the VA Loan still provides the best home mortgage rates in Texas.
To simplify the VA Loan Process more, the good news is that the loan amounts are funded by lenders, like Security America Mortgage, Inc., and VA Loan amounts are all calculated by the mortgage company – not the VA. The VA only insures the VA guaranty loan up to a certain amount – which is kind of like a “promise” to the lender to pay a home loan for a veteran if they ever default on a loan for any reason. The first step to getting a loan would be to use the COE VA Loan Requirements.
Since the 2012 VA Loan Calculations do not alter the great VA benefits allowed when approving VA Loan amounts either, the VA Home Loan Benefits still include the many reasons VA Loans can be obtained – which are to:
1. Purchase or build a new national
2. Purchase a residential condominium unit
3. Purchase a residential cooperative house unit
4. Repair, alter, or improve a residence owned by the veteran and occupied as a home
5. Refinance an existing VA or conventional home lent
6. Buy a manufactured home and/or lot
7. Install a solar heating or cooling system or other energy-efficient improvements
The 2012 calculations also make it easier for VA Loan Specialists at Security America Mortgage, Inc. to pre-approve VA Refinance Loans for military members buying a home in Texas cities like Austin, Dallas, and San Antonio. In fact, there are actually the three DIFFERENT VA Refinance options available for military individuals who want to save money by lowering monthly mortgage payments significantly in Texas. These VA Refinance options are as follows:
VA Loan Refinance Option #1 – VA Streamline Refinance – Interest Rate Reduction Loan (IRRL):
VA streamline refinancing loan can be used when you already have a VA home loan financed with your current home. The only reason you would take to refinance would be to achieve a lower interest rate using a “VA Interest Rate Reduction Loan (IRRL)”. The VA IRRL enables lower interest rates on a current VA home loan and it can be achieving with no out-of-pocket closing costs to the homeowner – which is great!
VA Loan Refinance Option #2 – “Cash-Out” or Debt Consolidation Refinance:
If there is equity in the current VA loan financed with the home needing to be refinanced, the VA benefits give eligible veterans the option to refinance the VA home loan currently financed on the home – and then to receive a “cash out” payment that is up to 90% of the home’s equity value. The money left over from the home’s appraised and calculated value can then be used for anything like; Paying off credit card debts, remodelling home improvements, or to save money for retirement.
VA Loan Refinance Option #3 – Conventional to VA Refinance Loan:
The Conventional to VA Refinance option need a funding fee, which the government charges to insure a VA Home Loan with the lender. The fee is 2.2% for veterans who are 1st-time users for this type of loan. The good thing about the Funding Fee is that it can be financed into the cost of the loan.
For all states in the U.S. (except a few with different economies entirely) the 2012 VA loan limit is $ 417,000. This is the true “VA Guaranty” make for Texas. There are several more reasons you can get more money on a home loan because VA does not actually provide the VA loan to the home buyer, the lender (mortgage company) does. This is why companies like Security America Mortgage, Inc. who support low-toned VA Loan rates for veterans, 2012 calculation will be a breezy change for the goal to give the American Heroes of the United States the ultimate American Dream. The first step to get there is to contact the nearest VA Loan Specialist in your area. The rest is history in the making.
Contact a Home Loan Expert at Security America Mortgage, Inc. to pre-approve YOUR VA Home Loan!
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Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
Conrad Siegel Actuaries’ John Jeffrey Featured in The Patriot News
Harrisburg, PA (PRWEB) January 18, 2012
Conrad Siegel Actuaries, providing comprehensive employee benefits services, today announced that Consulting Actuary John Jeffrey is the author of a reoccurring column in The Patriot News sharing retirement savings tips and expertise with readers.
His first column addressed the pros and cons of borrowing money from your 401(k). Jeffrey, who chairs Conrad Siegel’s marketing committee, writes, “If borrowing from your 401 (k) is easy, relatively cheap and you are paying yourself back, what’s the downside? First things first. Don’t let the tail wag the dog here. Just because the process is easy and painless, don’t be tempted to “create a need” for this money. The assumption here is that you truly need a loan.”
Jeffrey suggests that before you take a loan out on your 401(k), borrowers should consider “a bank loan or a home equity line of credit that has a rate lower than the make you expect your retirement portfolio to earn over the life of the loan.” He adds, “the extra fees and discommoding of applying for credit from a bank could be worth it, in the form of thousands of dollars in additional retirement savings complete the long term.”
Jeffrey’s column, called “Road to Retirement” will appear monthly in The Patriot News and will take a look at retirement save topics and offer tips and advice to readers. His first commentary, “Tempted to borrow from your 401(k)? Stop to Think”, appeared online and in print January 1, 2012.
About Conrad Siegel Actuaries
Conrad Siegel Actuaries is one of the largest and most respected employee benefits firms in Pennsylvania. Recognized as both an industry leader and a trusted advisor, the firm stands apart by offering unbiased, fee-based services backed by careful attention to detail. Conrad Siegel partners with its clients to offer a comprehensive source for all employee benefit needs. For more information, please visit http://www.conradsiegel.com.
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Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
Related Home Equity Loans Press Releases
HSH.com Weekly Mortgage Rate Radar: Tiny Drop Leads to New Record Low for Fixed Rates
Foster City, CA (PRWEB) January 18, 2012
Average rates on the most popular types of mortgages were mixed over the last week, according to HSH.com’s Weekly Mortgage Rate Radar. The average rate for conforming 30-year fixed-rate mortgages fell by 1 basis point (0.01 percent) to 4.02 percent, a tiny drop that was nonetheless sufficient to produce yet another new record low rate. The average rate for conforming 5/1 hybrid ARMs increased by 1 basis point, closing the Wednesday-to-Tuesday wraparound weekly survey at an average of 2.97 percent, just above last week’s record low.
“Mortgage ratted continued to drift sideways, but fifty-fifty small moves downward tin produce new records from present low levelled,” said Keith Gumbinger, vice president of HSH.com. “That fixed rates are quietening creeping downward is a bit of a surprise and is a plus for home shoppers and refinancers.”
Rates will likely be nudged upward somewhat in the coming weeks. “Congress instructed Fannie Mae and Freddie Mac to increase the loan guarantee fees that lenders pay starting no later than April 1,” noted Gumbinger. “Since it can take upwards of 60 days to get a lending to closing, some lenders have begin to pass these costs along already, and more will do so in the weeks just leading.” The new fees can potentially increase the interest rate by one-eighth of a percentage point or more.
Average mortgage rates and points for conforming residential mortgages for the week ending January 17, agree to HSH.com:
Conforming 30-year fixed-rate mortgage
Average rate: 4.02 percent Average points: 0.30
Conforming 5/1-year adjustable-rate mortgage
Average rate: 2.97 percent Average points: 0.25
Average mortgage ratting and points for conforming residential mortgages for the previous week ending January 10 were, according to HSH.com:
Conforming 30-year fixed-rate mortgage
Average ranking: 4.03 percent Average points: 0.30
Conforming 5/1-year adjustable-rate mortgage
Average rate: 2.96 percent Average points: 0.27
Methodology
The Weekly Mortgage Rate Radar reports the average rates and points offered on conforming 30-year fixed-rate mortgages and conforming 5/1 ARMs. The weekly mortgage rate survey covers a large sample of mortgage lenders and is conducted over a Wednesday-to-Tuesday cycle, with data released every Wednesday. HSH.com’s survey helps consumers find the best rates on home loans in changing market conditions. Unlike mortgage rate surveys that report average rates only, the Weekly Mortgage Rate Radar’s inclusion of both average rates and average points provides a more accurate view of mortgage terms currently offered by lenders.
Every week, HSH.com conducts a survey of mortgage rate data for a wide range of consumer mortgage products including ARMs, FHA-backed and jumbo mortgages, as well as home equity loans and lines of credit from hundreds of direct lenders in the U.S. For information on additional loan products, visit HSH.com.
About HSH.com
HSH.com is a trusted source of mortgage data, trends, news and analysis. Since 1979, HSH’s market research and commentary has helped homeowners, buyers and sellers make smart financial choices and save money on mortgage and home equity products. HSH.com, of Pompton Plains, N.J., is owned and operated by QuinStreet, Inc. (NASDAQ: QNST), one of the largest Internet marketing and media companies in the world. QuinStreet is committed to providing consumers and businesses with the information they need to research, find and select the products, services and brands that meet their needs. The company is a leader in visitor-friendly marketing practices. For more information, please visit QuinStreet.com.
Press Contact
Andrew Heilman
775-784-3842
pr(at)hsh(dot)com
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Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
www.lendinguniverse.com Can bankruptcy stop foreclosure? find top 10 home equity loans lenders on http contact Mortgage Lenders, private investors, hard money brokers and credit union who can potentially refinance while house is in foreclosure and arrange your loan fast. In addition…
Video Rating: 5 / 5
Question by Suzie: Good site to compare home equity loans rates?
Is there one site where you can easily compare interest rates?
Best answer:
Answer by stan c
Just go to bankrate.com
What do you think? Answer below!
Question by TinMan: Are there any secrets to getting low interest rates on home equity loans?
Best answer:
Answer by oncameratalent
Obviously, the higher your FICO score (credit rating) is, the lower the interest rates that financial institutions will offer you. However, there are some “fox” you tin utilize to obtain the lowest possible rates for your situation. This blog was developed to help consumers understand the loan approval handle, and to counsel how to take advantage of this process….http://lowertheinterest.blogspot.com______________
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Fixed home equity loans are loans with a fixed rate of interest, as opposed to variable interest rate loans. Find a fixed home equity loan with the lowest possible interest rate usingadvice from a registered financial consultant in this free video on home equity loans. Expert: Patrick Munro Contact: www.northstarnavigator.com Bio: Patrick Munro is a registered financial consultant (RFC) with outstanding sales volume of progressive financial products and solutions to the senior and boomer marketplace. Filmmaker: Reel Media LLC
Video Rating: / 5
A home equity line of credit or HELOC is an outstanding way to pay for major projects similar home remodeling, medical bills, educational expenses, or debt consolidation. Homeowners can obtain a HELOC if the value of their home is greater than their mortgage. HELOC’s are an attractive option because they are more cost-effective than many other types of loans. This segment originally aired on Studio 5 in March of 2008.
Video Rating: / 5
Question by Eddie G: Tips to getting the lowest interest rates on home equity loans?
Best answer:
Answer by americanfreeman
try a credit unionJust got $ 60,000 for 10 years at 4.99% no fees.
Give your answer to this question below!