Subprime Mortgage Loans- Buy or Refinance with Bad Credit #mortgage #finder


#subprime mortgages

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SubPrime Mortgage Loans

Buy or Refinance with Bad Credit

As more people have seen their fico scores drop our sub-prime lenders have introduced new mortgages for people with poor credit scores, late payments and more. In most cases, people need a “subprime mortgage” when they have lack of equity low credit scores or difficulties documenting their income. For the first time since the program’s inception, rates on loans for people with low credit scores have fallen to a never-before seen level for qualified borrowers. And unlike most high risk lenders, we refer you to companies that do not charge pre-payment penalties when our customers want to refinance.

Compare Lender Quotes on Subprime Mortgage Loans for Refinancing or Purchasing

People that need a second chance loan will benefit from new opportunities from multiple lenders. Talking to subprime lenders and comparing offers are your next steps.

Learn more about sub-prime mortgage loans for refinancing adjustable rates, bill consolidating, lowering monthly payments and cleaning up bad credit. If your credit scores have fallen recently, a subprime loan or 2nd mortgage may be the perfect interim loan until your credit rebounds.

Sometimes waiting for your credit scores to go back up can cost you money. Until your fica scores rise, subprime mortgages can lower your monthly payments by consolidating credit card debt or fixing the rate with your existing adjustable rate loans. Nationwide provides a clear path to shop several subprime loan programs for home buying and refinancing from reputable lenders and brokers.

The State of Subprime Mortgage Markets

It’s no secret that the economy has been all over the map the last 15 to 20 years. With all of the U.S. debt and never-ending turmoil in the Middle East, I don’t expect that to change. Uncertainty is typically good for mortgage markets because it keeps rates low. Credit typically loosens as default drop and that usually coincides with an improving job market domestically. The good news is that some of the private money and non-prime sources have grown impatient waiting and it seems that there are a few groups rolling out new risky mortgage programs for buying and refinancing. That means people with credit problems or income documenting issues may see more opportunities to qualify for a subprime mortgage.

Dodd Frank Financial Reform Bill
Reading about the controversial Dodd-Frank Bill that was created to stem frauds and defaults in the mortgage industry.

Learn More About How to Avoid Predatory Lending in the New Millennium
The U.S. Dept. of Justice defines mortgage fraud and deceptive lending practices and then outlines several prevention measures to take.

Find Poor Credit Mortgage Programs

It seems that homeowners needing access to money never goes out of style. Today, people continue to refinance for the purpose of obtaining cash so they can consolidate their debts. That’s the most popular use of cash out funds, according to the participating subprime mortgage lenders. Especially the consumers stuck with low credit scores or past bankruptcies have been focusing on the subprime loan programs.

Did you know you may be able to significantly reduce your current interest rate as well as lower your monthly loan payment so that you can save thousands of dollars each year? We also offer subprime mortgage programs that are government insured. Frequently people that have past credit issues run into speed bumps and pot holes on the road to getting a mortgage approved. We have streamlined the research process so you only have to consider real offers from trusted subprime lenders and brokers.

Rate & Term Refinance

The rate and term option is simply when a homeowner revises their interest rate or term on their lien without increasing the amount borrowed for cash out or consolidating debt. In some cases you may be able to borrow up to 100% of the value of your home! FHA approves refinancing to borrowers that typically need a subprime home loan, but the rates are low. Before committing to a subprime mortgage with a higher interest rate, we suggest researching the government loan programs because the pricing is competitive and the fees associated are typically nominal.

Jumbo Mortgage or Non-Conforming Loans

These loans do not conform to the guidelines established by Fannie Mae or Freddie Mac or exceeds the conventional loan limit is called a Jumbo loan. These non-conforming loan amounts can go up to two million dollars. Unless you have good credit and some equity you may need a subprime mortgage company to refinance your jumbo loan. Did you know that we can match you with some of the only non-conforming lenders that provide sub-prime financing to borrowers with low ficos?

In a recent report, the HL Wholesale revealed new statistics that many subprime mortgages were actually performing better than in recent years. They indicated that there were less defaults and the delinquency rates had fallen as well. Read more about subprime lenders online.

This is not an advertisement for credit. See Privacy for Details. NationwideMortgages.net does not offer subprime mortgages, debt consolidation, consumer counseling, foreclosure prevention or any other loan relief assistance. Nothing on this web site contains an offer promise either to make a mortgage loan or that any participating lender will guarantee any subprime mortgage for any purpose or on any specific terms. Loans cannot be made online or be approved without an underwriter analyzing your credit score, debt to income ratio and combined loan to value.

2003-2016 and Beyond NationwideMortgages.net – All rights reserved. Note that program requirements and rates are subject to change on subprime mortgage loans.


How to Buy a Home With a Low or Zero Down Payment #mortgage #loan #calculators


#0 down mortgage

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How to Buy a Home With a Low or Zero Down Payment

For most first-time home buyers, coming up with funds for a down payment is the biggest obstacle to homeownership. It s easy to see why: If you re paying rent and have other expenses and are saving for an emergency fund, retirement and perhaps college tuition for your children, amassing thousands for a down payment can be tough.

Most financial planners recommend making a down payment of 20 percent, which comes to $39,600 on a $198,000 home, the national median price in December 2013, according to the National Association of REALTORS®. If you make a down payment of less than 20 percent, you will need to pay mortgage insurance .

However, before your lack of cash causes you to give up on your dream of homeownership, it s important to look for options other than the standard conventional loan with a 20 percent down payment.

Prior to the housing crisis, many lenders offered mortgages without any down payment. Some even allowed consumers to borrow up to 105 percent of the home s purchase price so they could finance their closing costs. The lack of equity in these homes became a crisis when home prices dropped and the owners owed more on their mortgage than the value of their home. Few lenders offer zero-down loans today, but there are some programs that allow consumers with good credit and a steady income to buy without making a down payment or with a minimal investment.

Government Zero-Down Programs

  • VA loans: Veteran s Affairs mortgage loans are available to veterans, current members of the military and their spouses. These loans don t require a down payment or mortgage insurance, although there is a funding fee that can be wrapped into the loan.
  • USDA Rural Development loans: Rural Development loans through the United States Department of Agriculture are available to buyers who meet credit and income requirements. You must be able to afford payments on the loan and yet have a low or moderate income. In addition, the property you are purchasing must be located within an area designated as eligible for these no-down-payment loans.
  • State and local homebuyer programs: Most states have programs to encourage homeownership. Generally these programs have income limitations and require you to take a home-buyer class. Find programs in your area on the National Council of State Housing Agencies website .

Low Down Payment Loans From Banks and Credit Unions

Please, Mr. Postman

Send me news, tips, and promos from realtor.com and Move.

Some banks and credit unions offer mortgage loans with no down payment requirement or a limited down payment. Typically, these loans are only available to borrowers who meet limited income requirements, such as a maximum of 80 percent of the median area income. You ll also need good credit and to be able to demonstrate your ability to repay the loan.

Down Payment Sources

If you re lucky enough to have family members with the means and generosity to give you money towards your home purchase, you can use some or all of their gift depending on your loan program. The Federal Housing Administration allows all of the required 3.5 percent down payment to come from gift funds. For a $198,000 purchase, you would need $6,930 for your down payment.

Conventional lenders require a minimum of 5 percent for a down payment, or $9,900 for a median-priced home. None of that 5 percent can come from gift funds, although if you make a larger down payment of 20 percent, all of it can be from a gift.

You can also borrow from your retirement funds for a down payment, but be sure you follow the rules exactly so you don t get hit with a tax penalty.

Saving for a down payment is an important step in becoming financially prepared for homeownership, but you should also arrange a free consultation with a lender to discuss your options and opportunities for financing a home purchase with a lower down payment.

Michele Lerner writes about real estate, personal finance, and business news. She is the author of two books about home buying. She also enjoys writing fiction, visiting art museums, and tutoring kids.


Fred Thompson Wants Poor Old People to Buy Sleazy, Gov – t-Backed Reverse Mortgages #best


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Fred Thompson Wants Poor Old People to Buy Sleazy, Gov t-Backed Reverse Mortgages

This sleazy ad has been on cable news all day. Former presidential candidate and country bear Fred Thompson wants old people to get Absolutely FREE, government-backed reverse mortgages. What do we know about this shady company Thompson is endorsing?

First of all, did you know that reverse or lifetime mortgages are the hot new thing for investors lookin for a high yield on mortgages-backed securities? It s true! MarketWatch tells us this today. Basically, people over 62 tap into equity on houses that they own, or have a lot of equity in. (We re going to go out on a limb and suggest that these standards may slide as time goes on?) The upfront fees have gone down in recent years, and the idea is that old people, who have to contend with rising health and cost-of-retirement issues in their golden years, can get long-term loans to pay for stuff and then just leave their spoiled children to sell off the homes at (hopefully!) higher prices after they die, which they will. They always do.

Oh right, and they re government-backed! That s how investors get paid. (Fred Thompson, a true Fiscal Conservative, makes a big point of this full government backup in his terrible ad.)

Reverse mortgages are available to homeowners who are 62 years old or older and own their homes outright or have a substantial amount of home equity, according to the HUD site. The vast majority of reverse mortgages are insured by the Federal Housing Administration, through the Home Equity Conversion Mortgage (HECM) program.

The reduced fees on reverse mortgages are a result of another important industry development: investor demand for securities backed by those mortgages, Bell said. These securities are backed by Ginnie Mae, based on a reverse mortgage insured by the FHA, he said, and with that combination, you have a very secure investment.

THERE S NO RISK! Oh god. This is going to blow up the economy again, isn t it? Like, within a week, right?

114,692 reverse mortgages were made in fiscal year 2009, compared to 157 in 1990, when people had actual money.

But would ex-Senator Fred Thompson, America s most trustworthy conservative political figure, endorse financial products from a company of sleazy repute?

It just so happens that this company, American Advisors Group. was sued by Illinois Attorney General Lisa Madigan in February:

Attorney General Lisa Madigan filed lawsuits against two mortgage brokers for using unfair and deceptive marketing practices to solicit seniors for reverse mortgages.

These companies used extremely misleading language in their advertising, sometimes even disguising their loans as government benefits that borrowers don t have to repay, said Madigan. Many consumers have reported that they didn t even know these offers were for reverse mortgages or a loan of any kind added Madigan.

They were saying that Obama will give them free money, essentially. At least Fred Thompson omitted the word Obama, who is a communist.

And two years ago, the state of Massachusetts gave AAG a cease-and-desist order for deceptive marketing practices.

So when all of these old people die and suddenly their kids can t sell their houses to make up the $1 million they owe on their $400,000 homes, blame Fred Thompson entirely. Also: if you re going to get a reverse mortgage, find a good lawyer, maybe? No, not Fred Thompson!


Lloyds Bank – Mortgages – Buy To Let Mortgages #mortgage #calculator #canada


#best mortgages

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Buying to let

Making buy-to-let mortgages easy

You could apply for a buy-to-let mortgage if:

  • You are at least 25 years old
  • You will not be over 75 years old at the end of your mortgage term
  • This is not your first mortgage
  • The property is in good condition and not divided into separate units
  • Your property is being used for rental purposes

You can take out a maximum of three buy-to-let mortgages or borrow up to 2 million across the Lloyds Banking Group. This includes the following brands: Birmingham Midshires, Halifax, Bank of Scotland, Intelligent Finance, Lloyds Bank, The Mortgage Business (TMB) and Scottish Widows Bank.

It s important that you can afford your personal commitments so that the rental income can be used to cover the Buy to Let mortgage and other property costs.

In some cases we ll also look at your personal income, and may take into consideration the additional cost of an increased tax liability for some customers as a result of changes in tax legislation. These changes will begin to take effect in 2017 and be fully implemented by 2020 and, as a responsible lender, we must consider how they might affect the future sustainability of your borrowing.

View our current rates and compare our mortgages

You can use our mortgage finder tool to view our current rates. By providing your property value and mortgage amount we can show you the deals that match.

We currently only offer fixed rate mortgages. Variable rate mortgages, which include tracker mortgages are not available.

What is a buy-to-let mortgage?

A buy-to-let mortgage is a loan you can take out to buy an investment property that you or your family won t live in and that you intend to rent out to tenants. We call this business buy-to-let.

Can first time buyers apply for a buy-to-let?

No, these products are not available to first time buyers. Taking out a mortgage is one of the many risks of investing in buy-to-let properties. So before you enter the market you should be an experienced house buyer and have fully researched investment properties.

How much could I borrow?

The most you could borrow is linked to the amount of rental income our surveyor thinks you could earn. The annual rental income must equate to a minimum of 125% of the annual (interest-only) mortgage payments based on the higher of a notional interest rate or the initial rate for the mortgage deal.

The notional rate is either 4.99% or 5.49%, dependent upon the loan to value (LTV), or the initial mortgage rate whichever is higher. For 5 year fixed rates the notional rate is 4.99%.

What is the lending criteria for a buy-to-let mortgage?

Age – You must be at least 25 years old and not over 75 years at the end of your mortgage term.

Deposit – Minimum 25% (property value or purchase price, if lower).

Maximum lending – You can borrow up to 2 million from Lloyds Banking Group across a maximum of three buy-to-let mortgages. The maximum loan size on a single buy-to-let property is 1 million.

Current Residential Status – At least one person named on the loan must currently own a property in the UK.

What are the risks I should be aware of?

Buy-to-let mortgages are secured against the rental property, so it’s important that you keep up your repayments. If you don’t keep up your repayments there is the risk that your rental property could be repossessed.

What buy-to-let mortgage deals are available?

Our current mortgage deals are based on how much mortgage you need in relation to how much your property is worth. This is known as your loan to value (LTV) and it’s expressed as a percentage figure. If you check all our current rates there’ll only be certain mortgages which fit your loan to value band.

Will I be charged any fees?

You may be charged a mortgage account fee which is an interest-free fee charged on new mortgage completions. Depending on the mortgage product, there may be a product fee to pay. You’ll need to check our current rates for full details.

Any product fees can usually be added on to your mortgage on completion. There could be other charges and standard costs which you may have to pay during the life of your mortgage. You will be charged interest on any fees, charges and standard costs added to your loan.

What should I consider when choosing which property to buy?

Tenants – think carefully about the type of tenant you want to attract e.g. young professionals, families or sharers. Considering this may help you to decide on the type of property you purchase and its location. The property should be let on a single assured shorthold tenancy (in England and Wales), a short assured tenancy (in Scotland) or a private tenancy (in Northern Ireland). A maximum tenancy of 3 years is acceptable when the tenancy is in the form of a Department for Communities and Local Government (DCLG) model agreement of September 2014 (or as amended) or the Scottish Equivalent or such other replacement tenancies as may be prescribed by legislation from time to time.

Location – do your research and visit lots of different areas. Location is an important consideration and will often determine the type of tenant you will let to. Don t necessarily buy locally to your home.

Think about prosperous towns which might attract a higher demand for rental property. Once you have chosen an area consider the locality, think about transport links, parking, shops, schools and other local facilities pick the brains of letting agents for information about areas where properties may be easier to rent.

Condition of the property – if you are buying a property which needs improvements restrictions could be placed on the amount you can borrow and it could also delay how quickly you can let the property out. Can you afford the mortgage payments during the renovation period?

Rental income – do your homework, talk to local letting agents, check the local press to find out comparable rental values. The mortgage valuation will include an estimate of the rental income of the property on an unfurnished basis. But remember, there are no guarantees of what rental income you will get or if the property will rise in value over time.

What are the tax implications of rental income from a buy-to-let property?

You will have to declare rental income on your tax return so you should keep a record of rental payments received and any associated expenditure for the rental property. As a result of tax legislation which will begin to take effect in 2017 and be fully implemented by 2020, finance costs will not be tax deductible but tax relief can be claimed at the basic rate.

We cannot offer tax advice and you should refer to an accountant who will be able to ensure that HMRC are properly advised and all allowable expenses and allowances are correctly identified.

Important legal information

Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Financial Services Register number 119278. Telephone calls may be monitored or recorded.


How To Buy Mortgage Notes #estimated #mortgage #payment


#mortgage notes

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How To Buy Mortgage Notes

Interested in double-digit returns secured by real estate but without the headaches of the 3 T s (tenants, toilets, and trash)? Then it s a good time to discover how to buy mortgage notes!

Why Real Estate Notes?

Let’s face it. Wandering down to your local bank and opening up a savings or money market account is just not going to pay off big.

Traditional thinking is to sock away your hard-earned money into a regular retirement account and hope your nest egg is big enough by the time you retire.

The fact of the matter is that the most people are going to come up way short when they punch their final time card. A recent survey revealed the average baby boomer is half a million dollars short with 74% saying the will rely heavily on Social Security. The result? More people are working over the age of 65 today than ever before. (Source USA Today on Retirement Living).

So what does this mean to you? Don t be average!

Traditional investing will probably leave you short. You have specific goals for your retirement and chances are it is the ability to do things you want – without the worry of how to pay for it.

Today’s savvy investors know they need solid returns backed by secure assets they can control. This is one of big attractions to note buying.

But What About The Risk?

No question that there is risk with any kind of investment. Even traditional investing such as Real Estate, Gold, or a well-rated annuity has risks.

But people often confuse “risk” with “non-traditional” investing. In other words, just because you re not putting money in a FDIC insured savings does not mean you can’t minimize the risk of an alternative asset – with an even bigger yield on your investment.

What if you could invest in something familiar, set your own return, AND determine your level of risk? It may sound too good to be true, but that is exactly some of the benefits of purchasing private mortgage notes.

It s All In the Asset

Chances are, if you are like many investors that discover notes you may have enjoyed investing in real estate. In a good market you get the benefit of any increase in value while collecting the monthly rent checks from a tenant covering the mortgage payment.

But there are downsides to owning real estate:

  • The first is “What if the value doesn t increase or worse goes down?” This is a problem fresh in the minds of many investors.
  • The second is the challenge in finding properties that cash flow. Making sure the rent exceeds the expense of the mortgage payment, taxes, insurance, and repairs can be difficult in some markets.
  • The third is the constant calls from a renter needing something; Clogged toilet, roof leak, light switch not working, and the list goes on.

When you own a note, you are acting like the bank. You are the one receiving the payments. If something needs fixed the owner has to do it. And like the bank, you also have the right to take the house back in the event of non-payment.

To make the situation even better, you can structure a transaction so you are not owed anywhere near the value of the property.

Note Investing Example

Let’s say a property sold for $120,000 and the buyer put down a $20,000 payment. The seller of the property carried back a note in the amount of $100,000.00

Let’s also assume they wrote the note at 10% interest. If so, the note would look like this…

360 payments of $877.57.

You have an opportunity to buy the note after five years have gone by (it could be any number of years, just picking a round number for this example).

That means there are 300 payments remaining.

The “Present Value” or current balance owed on the note would be $96,574.32

If you wanted to earn 12% on your investment you would pay $83,322.39 for the note.

How your risk is managed: The value of the property is $120,000

That means your investment to value is 69% or that there is $36,677.61 of “equity” in the property. (Read Calculating Notes for ITV and LTV for more details.)

Here is the good news…

You are earning 12% on a non traditional investment backed by something traditional real estate. IF the payer does not make payments, you have the same rights the bank has. You can foreclose and take the property back. You can then resell, create another note, or sell for cash.

IF you had to take the property back, what is the likelihood that you can sell a property worth $120,000 for something more than $83,322.39? Pretty good!

Of course, this is a simple example and there are certainly some other variables, but you get the idea.

With notes, you have the benefits and security backed by real estate – without the headaches!

And you have choices

Want to lower your risk even further? You don’t have to buy the whole note!

You may just choose to invest $50,000, $20,000, or even $10,000 in the transaction – getting the benefit of even more “equity” in the property.

Maybe you want to buy half the payment. Maybe you want to buy just the next five years of payments. The remaining payments can be purchased in a variety of ways …all dictated by you!

The Good News Just Got Better – Tax Deferred or Tax Free

Did you know that you could purchase notes in or out of a retirement account?

Maybe your goal is for retirement income. If so, you can purchase a note within a self-directed IRA! That way the monthly note payments and interest earned can stay in the retirement account tax deferred or even tax-free with a self-directed Roth IRA.

If you need money for income now, you can also buy notes outside of a retirement or broker for a referral fee.

So, How Do I Start Buying Notes?

Like any investment it pays to learn as much as you can and follow those that have already done it. It’s also a good idea to start by brokering a couple of notes to understand the underwriting and closing process used by other note buyers.

Reading articles here at NoteInvestor.com is a great start. We also have a free special report and newsletter just for brokers and investors. Simply enter your email to receive instant access.

We also provide great resources, documents, and manuals in the bookstore based on our real life experience in the note business since 1988.

Matter of fact our course, Finding Cash Flow Notes. is the number one online training of its kind. To learn more about the course, go here.

In addition, here are a few articles that can tell you a bit more about buying notes for investment.

How to Avoid Going Broke Buying Real Estate Notes


We Buy Mortgage Notes #mortgage #rates #compare


#mortgage notes

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Mortgage Buyer, Note Buyer, Mortgage Note Buyer, Note Buyers, Deed of Trust Buyer, Commercial Note Buyer, Land Contract Buyer, Buy Mortgage Note, Buy Mortgage Notes, Nationwide Note Buyers offering top dollars. 1-856-751-8254

Get top dollar for your mortgage note with the leading Note Buyer

If you are considering the possibility of selling your mortgage note, deed of trust or lottery winning, you have come to the right place.

You will get the highest possible price for your mortgage note or deed of trust and a quick hassle-free closing.

We are the Internet�s preferred Mortgage Note Buyer and Deed of Trust Buyer. Our goal is to offer creative solutions to meet our clients’ cashflow needs and to ensure that they receive top dollar for their income stream.

WE PAY TOP DOLLARS FOR:

We buy Mortgage Notes and Real Estate Notes

lf you have sold your home or investment property using owner carry back financing or seller financing and are looking to sell your private mortgage note, deed of trust or contract, we are standing by to give you an evaluation on your note and to give you the highest possible price. We are the Internet�s Top Private Notes Buyers.

Quite often circumstances change, and small monthly payments are no longer as attractive as receiving a lump sum now to be used for other purposes. Whether your note is a 1st position or 2nd position lien. residential, commercial, or bare land, we can cash you out in as little as 2-3 weeks hassle free!

Sometimes difficult situations arise between the Noteholder and the Payer because the Payer is late making the monthly mortgage payments or misses payments altogether. The note then becomes a non-performing note. We actively purchase and pay competitive prices for non-performing notes.

Notes may also be grouped into portfolios. We offer top payouts for portfolios of performing (paying) and non-performing notes (slow or non-paying notes). Institutional portfolios are welcomed. Size is not an issue as we have unlimited funds. We buy mortgage notes of almost any kind.

Flexible Purchase Options

If you are considering selling all of your future mortgage payments and would like a lump sum now, we would do a Full Purchase.

You may be looking to sell only some payments now and to receive the remainder of your payments sometime in the future. In this situation we would likely do a Partial Purchase. To learn more about our flexible purchase options and for a walk-through on the process of selling your note, please click here.

If you are a Real Estate Owner, Investor, or Realtor looking to sell your property quickly, we have an amazing technique that could help you sell lightening fast for top dollar and with less hassle. Basically, the Seller would create a mortgage note and we would buy this note simultaneously at or right after closing, a Simultaneous Closing.

The Seller gets the down payment from the Buyer plus a lump sum for the mortgage note from us, freeing up these funds to be used for another investment, or for other purposes. This program helps sell properties quickly because it widens the base of potential buyers for your property to include buyers who would not be able to get traditional financing through banks and lending institutions. To learn more in detail about how this technique works and how it can benefit you, please click here.

If you have further questions about selling your note and about receiving your money, click on FAQ.

We buy lottery winnings. Get your cash NOW!

You may have won the lottery, and rather than collect small payments over a long period of time you may be considering selling your future lottery payments for a lump sum now.

To find out more about selling your lottery winnings, please contact us or call us at 1-856-751-8254.

Many reasons to bring your note to NotesBuyers.com:


Globe Life Official Site: Buy up to $350, 000 Mortgage Protection Insurance #emc #mortgage


#home mortgage insurance

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Mortgage Protection Insurance

If you are a home owner, it is important to do all you can to protect your home and your family if an accidental death prevents you from paying your mortgage. Mortgage Protection Insurance from Globe Life is an accidental death and dismemberment insurance policy that gives your family security in their home for just a fraction of your monthly mortgage payment.

Don t Put Your Home At Risk

  • Choose your Mortgage Protection accidental death insurance coverage from $50,000 to $350,000.
  • Acceptance is guaranteed, regardless of health if you are between the ages of 18 and 69.
  • No health questions or medical exams.
  • The affordable monthly premiums will never increase for any reason.
  • Rates as low as $5.50 per month.

Your Mortgage Protection Insurance Also Includes These Additional Guaranteed Benefits At NO EXTRA COST

  • Inflation Benefit
    For every year the Policy remains continuously in force, primary insured s Principal Benefit will automatically be increased by 5% of the Initial Principal Benefit until the Principal Benefit is equal to 125% of the Initial Principal Benefit, or the primary insured turns age 70, whichever is earlier.
  • Education Benefit
    Upon the accidental death of the primary insured, pays an additional 10% of the death benefit for each dependent child who, on the date of the accident, is between the ages of 15 and 22. Available only on the Family Plan and limited to $10,000.
  • Seat Belt Benefit
    Pays 10% of the insured s Principal Benefit if the insured suffers an accidental death while operating or riding in a car and wearing a seat belt.
  • Common Disaster Benefit
    Pays 10% of the insured s Principal Benefit if the insured suffers an accidental death while operating or riding in a car and wearing a seat belt.
  • Dismemberment Benefit
    Pays for loss of a hand, foot or eye subject to a table of losses.
  • Paralysis Benefit
    Covers quadriplegia, paraplegia and hemiplegia subject to a table of losses.
  • Commercially Scheduled Airline Benefit
    Pays an additional benefit amount equal to the insured s Principal Benefit for each insured at the time of death from accidental bodily injury received as a fare-paying passenger on a commercially scheduled airline.

No-Risk 30-Day Money-Back Guarantee

Globe Life guarantees your satisfaction with a no-risk 30-day money-back guarantee. If you are not completely satisfied, simply return your policy within the first 30 days for a full refund without further obligation.

Insurance Selections

About Us

  • About Globe Life
  • Jobs
  • Contact Us

*$1 pays for the first month of children s coverage. Then the rate is based on your child s present age and is guaranteed to stay the same for the rest of their life. Policy Form # GWL20001 or GWLA001
*$1 pays for the first month s adult coverage. Then the rate schedule is based on your current age and is guaranteed for the life of the policy. Policy Form # SRTCV/SRTCV13 **A.M. Best Company rating as of 6/16. For the latest rating, access www.ambest.com.

Globe Life has been protecting America s families since 1951

Globe Life continues to receive an A+ (Superior)** rating
from A.M. Best Company (rating as of 6/16)

GMADW08 2005-2016 Globe Life And Accident Insurance Company, Oklahoma City, OK All Rights Reserved.
Licensed in the United States CA Certificate Authority #4140


Subprime Mortgage Loans- Buy or Refinance with Bad Credit #cenlar #mortgage


#subprime mortgages

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SubPrime Mortgage Loans

Buy or Refinance with Bad Credit

As more people have seen their fico scores drop our sub-prime lenders have introduced new mortgages for people with poor credit scores, late payments and more. In most cases, people need a “subprime mortgage” when they have lack of equity low credit scores or difficulties documenting their income. For the first time since the program’s inception, rates on loans for people with low credit scores have fallen to a never-before seen level for qualified borrowers. And unlike most high risk lenders, we refer you to companies that do not charge pre-payment penalties when our customers want to refinance.

Compare Lender Quotes on Subprime Mortgage Loans for Refinancing or Purchasing

People that need a second chance loan will benefit from new opportunities from multiple lenders. Talking to subprime lenders and comparing offers are your next steps.

Learn more about sub-prime mortgage loans for refinancing adjustable rates, bill consolidating, lowering monthly payments and cleaning up bad credit. If your credit scores have fallen recently, a subprime loan or 2nd mortgage may be the perfect interim loan until your credit rebounds.

Sometimes waiting for your credit scores to go back up can cost you money. Until your fica scores rise, subprime mortgages can lower your monthly payments by consolidating credit card debt or fixing the rate with your existing adjustable rate loans. Nationwide provides a clear path to shop several subprime loan programs for home buying and refinancing from reputable lenders and brokers.

The State of Subprime Mortgage Markets

It’s no secret that the economy has been all over the map the last 15 to 20 years. With all of the U.S. debt and never-ending turmoil in the Middle East, I don’t expect that to change. Uncertainty is typically good for mortgage markets because it keeps rates low. Credit typically loosens as default drop and that usually coincides with an improving job market domestically. The good news is that some of the private money and non-prime sources have grown impatient waiting and it seems that there are a few groups rolling out new risky mortgage programs for buying and refinancing. That means people with credit problems or income documenting issues may see more opportunities to qualify for a subprime mortgage.

Dodd Frank Financial Reform Bill
Reading about the controversial Dodd-Frank Bill that was created to stem frauds and defaults in the mortgage industry.

Learn More About How to Avoid Predatory Lending in the New Millennium
The U.S. Dept. of Justice defines mortgage fraud and deceptive lending practices and then outlines several prevention measures to take.

Find Poor Credit Mortgage Programs

It seems that homeowners needing access to money never goes out of style. Today, people continue to refinance for the purpose of obtaining cash so they can consolidate their debts. That’s the most popular use of cash out funds, according to the participating subprime mortgage lenders. Especially the consumers stuck with low credit scores or past bankruptcies have been focusing on the subprime loan programs.

Did you know you may be able to significantly reduce your current interest rate as well as lower your monthly loan payment so that you can save thousands of dollars each year? We also offer subprime mortgage programs that are government insured. Frequently people that have past credit issues run into speed bumps and pot holes on the road to getting a mortgage approved. We have streamlined the research process so you only have to consider real offers from trusted subprime lenders and brokers.

Rate & Term Refinance

The rate and term option is simply when a homeowner revises their interest rate or term on their lien without increasing the amount borrowed for cash out or consolidating debt. In some cases you may be able to borrow up to 100% of the value of your home! FHA approves refinancing to borrowers that typically need a subprime home loan, but the rates are low. Before committing to a subprime mortgage with a higher interest rate, we suggest researching the government loan programs because the pricing is competitive and the fees associated are typically nominal.

Jumbo Mortgage or Non-Conforming Loans

These loans do not conform to the guidelines established by Fannie Mae or Freddie Mac or exceeds the conventional loan limit is called a Jumbo loan. These non-conforming loan amounts can go up to two million dollars. Unless you have good credit and some equity you may need a subprime mortgage company to refinance your jumbo loan. Did you know that we can match you with some of the only non-conforming lenders that provide sub-prime financing to borrowers with low ficos?

In a recent report, the HL Wholesale revealed new statistics that many subprime mortgages were actually performing better than in recent years. They indicated that there were less defaults and the delinquency rates had fallen as well. Read more about subprime lenders online.

This is not an advertisement for credit. See Privacy for Details. NationwideMortgages.net does not offer subprime mortgages, debt consolidation, consumer counseling, foreclosure prevention or any other loan relief assistance. Nothing on this web site contains an offer promise either to make a mortgage loan or that any participating lender will guarantee any subprime mortgage for any purpose or on any specific terms. Loans cannot be made online or be approved without an underwriter analyzing your credit score, debt to income ratio and combined loan to value.

2003-2016 and Beyond NationwideMortgages.net – All rights reserved. Note that program requirements and rates are subject to change on subprime mortgage loans.


Help to Buy Government Mortgage Scheme #monthly #mortgage #payments


#government mortgage help

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Help To Buy

Get moving with Help To Buy

Help to Buy is a government scheme that means you could move home with a deposit as low as 5%.

Whether you’re taking your first step onto the property ladder or moving up a rung, we’ve put together everything you need to know about the two options available: Mortgage Guarantee and Equity Loan.

Pre-owned property?
Mortgage Guarantee may help

If you’re after a pre-owned home, the Mortgage Guarantee scheme could help.

It gives you the freedom to purchase any property in the UK up to the value of 600,000, with a mortgage for 95% of the purchase price.

Go modern with an Equity Loan

England

Exclusively for new builds in England, get a 20% government loan towards your deposit.

Scotland

Things work a bit differently in Scotland but the message is the same: Help to Buy is available.

Wales

Looking to buy a new build in Wales? The equity loan scheme is available here too.

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How To Buy Mortgage Notes #fha #mortgages


#mortgage notes

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How To Buy Mortgage Notes

Interested in double-digit returns secured by real estate but without the headaches of the 3 T s (tenants, toilets, and trash)? Then it s a good time to discover how to buy mortgage notes!

Why Real Estate Notes?

Let’s face it. Wandering down to your local bank and opening up a savings or money market account is just not going to pay off big.

Traditional thinking is to sock away your hard-earned money into a regular retirement account and hope your nest egg is big enough by the time you retire.

The fact of the matter is that the most people are going to come up way short when they punch their final time card. A recent survey revealed the average baby boomer is half a million dollars short with 74% saying the will rely heavily on Social Security. The result? More people are working over the age of 65 today than ever before. (Source USA Today on Retirement Living).

So what does this mean to you? Don t be average!

Traditional investing will probably leave you short. You have specific goals for your retirement and chances are it is the ability to do things you want – without the worry of how to pay for it.

Today’s savvy investors know they need solid returns backed by secure assets they can control. This is one of big attractions to note buying.

But What About The Risk?

No question that there is risk with any kind of investment. Even traditional investing such as Real Estate, Gold, or a well-rated annuity has risks.

But people often confuse “risk” with “non-traditional” investing. In other words, just because you re not putting money in a FDIC insured savings does not mean you can’t minimize the risk of an alternative asset – with an even bigger yield on your investment.

What if you could invest in something familiar, set your own return, AND determine your level of risk? It may sound too good to be true, but that is exactly some of the benefits of purchasing private mortgage notes.

It s All In the Asset

Chances are, if you are like many investors that discover notes you may have enjoyed investing in real estate. In a good market you get the benefit of any increase in value while collecting the monthly rent checks from a tenant covering the mortgage payment.

But there are downsides to owning real estate:

  • The first is “What if the value doesn t increase or worse goes down?” This is a problem fresh in the minds of many investors.
  • The second is the challenge in finding properties that cash flow. Making sure the rent exceeds the expense of the mortgage payment, taxes, insurance, and repairs can be difficult in some markets.
  • The third is the constant calls from a renter needing something; Clogged toilet, roof leak, light switch not working, and the list goes on.

When you own a note, you are acting like the bank. You are the one receiving the payments. If something needs fixed the owner has to do it. And like the bank, you also have the right to take the house back in the event of non-payment.

To make the situation even better, you can structure a transaction so you are not owed anywhere near the value of the property.

Note Investing Example

Let’s say a property sold for $120,000 and the buyer put down a $20,000 payment. The seller of the property carried back a note in the amount of $100,000.00

Let’s also assume they wrote the note at 10% interest. If so, the note would look like this…

360 payments of $877.57.

You have an opportunity to buy the note after five years have gone by (it could be any number of years, just picking a round number for this example).

That means there are 300 payments remaining.

The “Present Value” or current balance owed on the note would be $96,574.32

If you wanted to earn 12% on your investment you would pay $83,322.39 for the note.

How your risk is managed: The value of the property is $120,000

That means your investment to value is 69% or that there is $36,677.61 of “equity” in the property. (Read Calculating Notes for ITV and LTV for more details.)

Here is the good news…

You are earning 12% on a non traditional investment backed by something traditional real estate. IF the payer does not make payments, you have the same rights the bank has. You can foreclose and take the property back. You can then resell, create another note, or sell for cash.

IF you had to take the property back, what is the likelihood that you can sell a property worth $120,000 for something more than $83,322.39? Pretty good!

Of course, this is a simple example and there are certainly some other variables, but you get the idea.

With notes, you have the benefits and security backed by real estate – without the headaches!

And you have choices

Want to lower your risk even further? You don’t have to buy the whole note!

You may just choose to invest $50,000, $20,000, or even $10,000 in the transaction – getting the benefit of even more “equity” in the property.

Maybe you want to buy half the payment. Maybe you want to buy just the next five years of payments. The remaining payments can be purchased in a variety of ways …all dictated by you!

The Good News Just Got Better – Tax Deferred or Tax Free

Did you know that you could purchase notes in or out of a retirement account?

Maybe your goal is for retirement income. If so, you can purchase a note within a self-directed IRA! That way the monthly note payments and interest earned can stay in the retirement account tax deferred or even tax-free with a self-directed Roth IRA.

If you need money for income now, you can also buy notes outside of a retirement or broker for a referral fee.

So, How Do I Start Buying Notes?

Like any investment it pays to learn as much as you can and follow those that have already done it. It’s also a good idea to start by brokering a couple of notes to understand the underwriting and closing process used by other note buyers.

Reading articles here at NoteInvestor.com is a great start. We also have a free special report and newsletter just for brokers and investors. Simply enter your email to receive instant access.

We also provide great resources, documents, and manuals in the bookstore based on our real life experience in the note business since 1988.

Matter of fact our course, Finding Cash Flow Notes. is the number one online training of its kind. To learn more about the course, go here.

In addition, here are a few articles that can tell you a bit more about buying notes for investment.

How to Avoid Going Broke Buying Real Estate Notes