Posts Tagged ‘Insurance’

Life Insurance Quote Comparison Available Online Through miQuotes.com Mortgage Industry Partnership

Posted in Second Mortgage on 10/06/2011 08:43 am by admin


Life Insurance Quote Comparison Available Online Through miQuotes.com Mortgage Industry Partnership

(PRWEB) February 22, 2005

miQuotes.com, a leading online provider of life insurance, has bridged the gap between the bonding lending community and the life insurance industry by offering a simplified approach to marketing and selling life insurance and related products to the public.

When individuals secure a first or second mortgage, they often inquire about life insurance to protect their loan in the event of the untimely death of the mortgage holder. miQuotes.com has partnered with the National Association of Mortgage Brokers to provide a two-tiered approach to this market, recognizing that mortgage lenders are outdoing at marketing their services to the public, and miQuotes.com is scooping at selling and servicing life insurance to the public.

Traditionally, clients either relied upon direct mail solicitations from their mortgage lender or insurance agent referrals from their bond broker to find life insurance quotes. Neither is an organized solution to the life insurance market, and the public is leftover with an uneasy feeling roughly who is actually their life insurance agent.

The miQuotes.com platform markets individually underwritten life insurance products, which can be as much as 50% less in premiums than the standard mortgage-life plans in the industry.

miQuotes.com continually shopping the market for competitive pricing and only contracts with companies known for strong financials and excellent customer service. This new and enhanced life insurance quoting engine will give the client multiple quotes and options from reputable national life insurance companies in as little as 60 seconds.

The miQuotes.com program provides the bonded lending community with an entirely customised insurance agency solution, make it possible for lenders to provide quality life insurance services to their clients. Through a minimal investment, any bond lender can be ready to offer life insurance services to their client base within 30 days.

To experience the new quoting engine, visit http://www.miQuotes.com. For more information about the program endorsed by the National Association of Mortgage Brokers, call miQuotes direct at (877) 647-8683 ext 4504.

About miQuotes, LLC

A Kansas-based company, miQuotes, LLC provides life insurance services to thousands of individuals and has been operating in the online arena since the 1990′s. With a yearning tradition of customer service and a reputation for providing the better products to meet their client’s needs, miQuotes now brings those same values to the online term life insurance purchasing arena.

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.



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Online Life Insurance Quotes Available Through Mortgage Association Alliance

Posted in Second Mortgage on 10/01/2011 02:45 pm by admin


Online Life Insurance Quotes Available Through Mortgage Association Alliance

(PRWEB) March 7, 2005

miQuotes.com, a leading online provider of life insurance, has bridged the gap between the bonding lending community and the life insurance industry by offering a simplified approach to marketing and selling life insurance and related products to the public.

When individuals secure a first or second mortgage, they often inquire about life insurance to protect their loan in the event of the untimely death of the mortgage holder. miQuotes.com has partnered with the National Association of Mortgage Brokers to provide a two-tiered approach to this market, recognizing that mortgage lenders are outdoing at marketing their services to the public, and miQuotes.com is trumping at selling and servicing life insurance to the public.

Traditionally, clients either relied upon direct mail solicitations from their mortgage lender or insurance agent referrals from their bond broker to find life insurance quotes. Neither is an organized solution to the life insurance market, and the public is odd with an uneasy feeling approximately who is actually their life insurance agent.

The miQuotes.com platform markets individually underwritten life insurance products, which can be as much as 50% less in premiums than the standard mortgage-life plans in the industry.

miQuotes.com continually shopping the market for competitive pricing and only contracts with companies known for strong financials and excellent customer service. This new and enhanced life insurance quoting engine will give the client multiple quotes and options from reputable national life insurance companies in as little as 60 seconds.

The miQuotes.com program provides the bonded lending community with an entirely customised insurance agency solution, make it possible for lenders to provide quality life insurance services to their clients. Through a minimal investment, any bond lender can be ready to offer life insurance services to their client base within 30 days.

About miQuotes, LLC

A Kansas-based company, miQuotes, LLC provides life insurance servicing to thousands of individuals and has been operating in the online arena since the 1990′s. With a long tradition of customer service and a reputation for providing the best products to meet their client’s needs, miQuotes now brings those same values to the online term life insurance purchasing arena.

To see the new quoting engine, visit http://www.miQuotes.com. For more information about the program endorsed by the National Association of Mortgage Brokers, call miQuotes direct at (877) 647-8683 ext 4504.

# # #

Xeal Inc. – Search Engine Marketing


Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.



 

Mortgage Insurance is Now Tax Deductible: Represents Savings for Many Would-Be Homebuyers

Posted in Second Mortgage on 09/23/2011 04:44 pm by admin


Mortgage Insurance is Now Tax Deductible: Represents Savings for Many Would-Be Homebuyers

Atlanta, GA (PRWEB) December 17, 2006

Katz Mortgage Team, http://www.KatzMortgageTeam.net, of Amtrust Mortgage Corporation, has announced that Congress has just passed long-awaited legislation that will make mortgage insurance payments tax deductible on new mortgage originations beginning January 1, 2007.

The provision nestled in the federal “Tax Relief and Health Care Act of 2006” would allow home buyers to deduct the cost of mortgage insurance premiums they pay in connection with a mortgage obtained in 2007.

The mortgage insurance tax break would mark a big change for homeowners. Currently, owners can deduct the interest they pay on their mortgage loans but not the cost of mortgage insurance premiums. Supporters of the legislation say the new law would help level the playing field for low- and moderate-income buyers, who are the most likely to need mortgage insurance.

Traditionally, mortgage lenders have required that home buyers pay for mortgage insurance if they make a down payment worth less than 20 percent of purchase price.

Mortgage insurance typically costs about half of 1 percent of the mortgage amount. On a $ 400,000 loan, for example, the annual cost would be about $ 2,000. The mortgage insurance protects the lender in case the borrower defaults on the loan.

In recent years, mortgage lenders have helped buyers avoid mortgage insurance premiums by arranging piggy-back loans. As a result, a borrower who can make a 5 percent down payment might take out a first mortgage for 80 percent of the purchase price, and a second mortgage for 15 percent — in effect substituting the second mortgage for much of the traditional down payment. One drawback is that higher interest rates are typically charged for second mortgages.

Under the new law, home buyers whose adjusted gross income is $ 100,000 or less could write off all the premium costs. Home buyers with income between $ 100,000 and $ 110,000 would get to deduct a portion of the costs.

“This really helps the low-income buyer, the first time and emerging market buyers as they typically have less than the required 20% down payment needed to alleviate the cost of mortgage insurance”, says Stephen Katz of Katz Mortgage Team. “With this bill, a huge step has been made toward making the dream of homeownership more attainable for those who need help the most”.

About Katz Mortgage Team

Katz Mortgage Team, backed by Amtrust Mortgage Corporation and headquartered in Atlanta, Georgia, is a high-performance team of top mortgage professionals with a commitment to providing the highest level of personal service to customers in 24 states across the nation. As a full-service residential mortgage lender, Katz Mortgage Team specializes in residential mortgages, mortgage refinancing, adjustable rate mortgages (ARMS), fixed rate mortgages, and a broad variety of Interest-Only loans attractive to real estate investors seeking investment properties.

About Amtrust Mortgage Corporation

A leader in mortgage banking, Amtrust Mortgage Corporation specializes in retail mortgage lending and is one of the largest independently owned mortgage companies in the nation. Constantly expanding coverage, Amtrust currently operates in the following states: Alaska, Alabama, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Illinois, Indiana, Maryland, Michigan, Mississippi, Missouri Minnesota, North Carolina, New Jersey, New Mexico, Pennsylvania, South Carolina, Tennessee, Texas, Virginia and Washington.

For more information, contact:

Stephen Katz – Senior Loan Officer

866 742-8400 (toll free)

http://www.KatzMortgageTeam.net

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.



 

Home Mortgage and Life Insurance Firm Offers a Variety of Mortgage Loan Solutions to Home Owners

Posted in Second Mortgage on 04/16/2011 06:53 pm by admin


Home Mortgage and Life Insurance Firm Offers a Variety of Mortgage Loan Solutions to Home Owners

(PRWEB) April 19, 2005

Original Mortgage Source, LLC, an Ohio-based company that specializes in home mortgage and life insurance options, has included information and application forms on their website for the most popular types of mortgage loans they offer to homeowners.

Original Mortgage Source, LLC provides two distinct types of mortgage loan solutions. The first, a 3.875% Equity Builder mortgage loan, is an interest-only program that helps homeowners free up money to pay other charging without refinancing their mortgage. Unlike the Prime Rate mortgage, the Equity Builder mortgage lent is unnatural by multiple economic factors, making it much more sheltering and keeping the interest rate lower. The interest rate is also not compounded annually.

The second mortgage loan, Mortgage Life Protection, is actually an inexpensive life insurance policy that provides number coverage to pay off the full amount of the mortgage should the homeowner die. This coverage can be adding to an existing mortgage without refinancing.

In addition to the Equity Builder and Mortgage Life Protection mortgage loans, Original Mortgage Source, LLC has several additional mortgage loan programs, including:

• 100% Financing, for borrowers with good credit and employment histories but no down payment

• 3% Down FNMA, designed to assist moderate income first time home buyers.

• Home Equity Lines of Credit (HELOC), for borrowers who wish to keep their first mortgage in place and use their equity for debt consolidations, purchase other properties, or home improvements.

• Mortgage Only Programs, enabling homeowners to qualify for a new bonded based only on their mortgage payment

• No Income Verification Loans for Self Employed or W2 employees

“Our policy is to provide pre-qualifications free of charge to all people serious astir purchasing or refinancing their homes, investment properties, or commercial properties,” said Timothy A. Primavera Sr., President and CEO of Original Mortgage Source, LLC. “Our ultimate goal is to help our customer get what they want.”

Original Mortgage Source, LLC offers a free two- to four-minute “Quick Mini-Application Form” to apply for a home mortgage or life insurance online. To apply for a mortgage loan or to learn more about these and many other available mortgage lend programs, visit http://www.OriginalMortgage.net.

About Original Mortgage Source, LLC

Original Mortgage Source, LLC has been providing help to customers with home mortgage and life insurance needs. Their specialized staff of certified residential mortgage specialists and senior loan officers assist with mortgage loan programs, help with for-sale-by-owner homes, home warrantees, and offer consulting for homeowners and home purchasers alike, in both commercial and residential real estate.

Original Mortgage Source is a member of the Cleveland Better Business Bureau (BBB), the National Association of Mortgage Brokers (NAMB), the Ohio Association of Mortgage Brokers (OAMB) and the Ohio Farm Bureau Federation (OFBF). The Christian-owned and operated firm is state licensed, bonded, and insured to provide home mortgage loans and solutions for homeowners and home purchasers, regardless of credit history. They also offer many different types of life insurance coverage that can be browsed on there website.

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.



 

Home Mortgage and Life Insurance Firm Offers a Variety of Mortgage Loan Solutions to Home Owners

Posted in Second Mortgage on 04/01/2011 05:36 pm by admin

Home Mortgage and Life Insurance Firm Offers a Variety of Mortgage Loan Solutions to Home Owners










(PRWEB) May 5, 2005

Original Mortgage Source, LLC, an Ohio-based company that specializes in home mortgage and life insurance options, has included information and application forms on their website for the most popular types of mortgage loans they offer to homeowners.

Original Mortgage Source, LLC provides two distinct types of mortgage loan solutions. The first, a 4.875% Equity Builder mortgage loan, is an interest-only program that helps homeowners free up money to pay other bills without refinancing their mortgage. Unlike the Prime Rate mortgage, the Equity Builder mortgage loan is affected by multiple economic factors, making it much more stable and keeping the interest rate lower. The interest rate is also not compounded annually.

The second mortgage loan, Mortgage Life Protection, is actually an inexpensive life insurance policy that provides total coverage to pay off the full amount of the mortgage should the homeowner die. This coverage can be added to an existing mortgage without refinancing.

In addition to the Equity Builder and Mortgage Life Protection mortgage loans, Original Mortgage Source, LLC has several additional mortgage loan programs, including:

• 100% Financing, for borrowers with good credit and employment histories but no down payment

• 3% Down FNMA, designed to assist moderate income first time home buyers.

• Home Equity Lines of Credit (HELOC), for borrowers who wish to keep their first mortgage in place and use their equity for debt

• Mortgage Only Programs, enabling homeowners to qualify for a new mortgage based only on their mortgage payment

• No Income Verification Loans for Self Employed or W2 employees

“Our policy is to provide pre-qualifications free of charge to all people serious about purchasing or refinancing their homes, investment properties, or commercial properties,” said Timothy A. Primavera Sr., President and CEO of Original Mortgage Source, LLC. “Our ultimate goal is to help our customer get what they want.”

Original Mortgage Source, LLC offers a free two- to four-minute “Quick Mini-Application Form” to apply for a home mortgage or life insurance online. To apply for a mortgage loan or to learn more about these and many other available mortgage loan programs, visit http://www.OriginalMortgage.net.

About Original Mortgage Source, LLC

Original Mortgage Source, LLC has been providing help to customers with home mortgage and life insurance needs. Their specialized staff of certified residential mortgage specialists and senior loan officers assist with mortgage loan programs, help with for-sale-by-owner homes, home warrantees, and offer consulting for homeowners and home purchasers alike, in both commercial and residential real estate.

Original Mortgage Source is a member of the Cleveland Better Business Bureau (BBB), the National Association of Mortgage Brokers (NAMB), the Ohio Association of Mortgage Brokers (OAMB) and the Ohio Farm Bureau Federation (OFBF). The Christian-owned and operated firm is state licensed, bonded, and insured to provide home mortgage loan s and solutions for homeowners and home purchasers, regardless of credit history. They also offer many different types of life insurance coverage that can be browsed on there website.

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







 

Can unsecured creditor’s take home or place lien?

Posted in Law & Ethics on 02/28/2010 02:19 pm by admin
Veritas et Aequitas () asked:


Okay I asked this question before, however I wasn’t clear on some things.

My mother passed away recently and there is a home that I have been making payments on using her money from a joint account. That money has run out. I will be named executor in a few days, however a mortgage payment is due at the same time.

I do not want to put any money into the home not having any security. She has massive medical bills (even with insurance) and some other unsecured debt.

I want to keep the home and it has supposed equity however it wouldn’t sell for more than what is owed on the home so there is no actual equity, more so because last in 2005 she took out a second mortgage for home improvements.

I want to keep the home and I will pay off the home in full, however not at the expense of being held liable for her debts. It would break my heart to not have time to grieve and go through her belongings.

I will be talking to counsel soon however I am losing my mind in the moment, it’s too much.
They can take everything if they want, because my mother’s soul doesn’t reside in her belongings. I just know in the end they won’t get anything because of obligations before them such as tax and court fees, etc. There is no money to pay them.

DAVIS

 

Hardship Letter but current in payments?

Posted in Personal Finance on 11/06/2009 10:41 pm by admin
pcary2000 asked:


Hello!! I have struggled hard and have not missed a single payment to any of my lenders. However, I do have a financial hardship. I have a second mortgage for a second property which I amtrying to sell but I can’t. And also, unfortunately, my son (3 years) is sick. I will have to pay someone for taking care of him (he can’t go to a regular daycare because illness is infectious) while I try to keep my full time job (his insurance also depends on me). I’m very confused because I don’t know how to write the hardship letter and all examples I find is from people that are behind in payments or with variable interest rates. If I tell them, that my problem is the second property (which part of the debt is in my home equity line, maybe they will deny me. I Could you please help? Thanks a lot.

WINSTON
 

trying to figure out how good we are doing financially?

Posted in Personal Finance on 08/13/2009 03:02 pm by admin
puppiesnmarshmellows asked:


This is going to be embarrasing, but i don’t know if we are doing ok or not. I don’t know what the norm is for money leftover after bills but according to a debt/income ratio i did today we are at 34% which is good, i guess.

My husband makes 1333 twice a month (that is what we see after taxes) there is a addtional 125 going straight to our savings account each month on top of the 1333 twice a month.

Our bills are as follows

first check
car-291
insurance-62
elecric,gas,water 200
credit card 170
cable-93
which leaves 517 left for gas and groceries

second check
mortgage 600
home equity 103
home phone and internet 100
cell phone150
which is a little tighter at 380 for gas and groceries

total for the month we have 917 left in our checking, including the 125 that is in our savings its 1042 a month.
I just am curious how we are doing financially? I’m scared to death about this kind of thing and fear we are doing something wrong. We are military so no health ins.
well we’re military so no job loss..and no unexpected medical bills. we really don’t have to worry about that because its a secure job.
no credit card is what we decide to pay on it..that isn’t the minimum payment. We have a home phone and a cell phone because up until a month ago we only had a home phone. Effective the 26th we will no longer have that home phone. The second mortgage was to redo our home, its almost paid off now, it was only 10,000.
oh and why don’t i work? I have two small children and noone to care for them. We don’t live near our families. There is NOTHING wrong with being a SAHM parent.

ARNOLD

 

Likelihood of two grad students getting second mortgage?

Posted in Renting & Real Estate on 06/11/2009 03:03 am by admin
Aimee asked:


My fiance and I purchased a house 2 years ago, but we recently decided to pursue doctoral degrees in a different state. We need to move to the other state by mid May, and given the current state of our economy, we are concerned that our house will not sell in time. A good friend of ours is willing to rent our house if we can’t sell it, and the rental income will more than cover the monthly mortgage payment as well as taxes and insurance. I understand that mortgage lenders are getting stricter about who they lend money to. Do you think there’s any way that a financial institution will grant us a second mortgage so that we can buy a second house? We have roughly $25,000 equity in our current house, and the balance of the mortgage is only about $90,000. We also have just over $50,000 in savings (not including retirement), so we’ll easily be able to put 20% down. The kicker, though, is that I’ll be giving up my job for a graduate assistantship, so our total household income (not including potential rental income) will likely drop to about $40,000. My fiance is a master’s student right now, so his income will not change considerably. If we cannot sell our current home and we’re forced to rent to our friend, then will mortgage lenders include this rental income in our total household income when deciding whether or not we qualify for a second mortgage?

TYLER
 

Can unsecured creditor’s take home or place lien?

Posted in Renting & Real Estate on 06/07/2009 07:28 am by admin
Veritas et Aequitas () asked:


Okay I asked this question before, however I wasn’t clear on some things.

My mother passed away recently and there is a home that I have been making payments on using her money from a joint account. That money has run out. I will be named executor in a few days, however a mortgage payment is due at the same time.

I do not want to put any money into the home not having any security. She has massive medical bills (even with insurance) and some other unsecured debt.

I want to keep the home and it has supposed equity however it wouldn’t sell for more than what is owed on the home so there is no actual equity, more so because last in 2005 she took out a second mortgage for home improvements.

I want to keep the home and I will pay off the home in full, however not at the expense of being held liable for her debts. It would break my heart to not have time to grieve and go through her belongings.

I will be talking to counsel soon however I am losing my mind in the moment, it’s too much.

RUDOLPH

 
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