Watch This – Do Not Believe All That Is Shown On TV!
Written by admin on January 27, 2011 – 1:05 pm -
Isnt everything the last 5 years seem to be about some big money real estate scam? Here is an A&E “Flip This House” scam that was shown to viewers. Part 2 of this story is located HERE www.youtube.com
Tags: Flip, foreclosure, Part, SCAM
Posted in foreclosure | 25 Comments »
Will Your Bank Give You The Best Mortgage?
Written by admin on August 29, 2010 – 6:13 pm -Many of us tend to form a relationship with our bank even in these times of big banks. This does not mean, however, you should look to your personal bank for a mortgage.
Will Your Bank Give You The Best Mortgage?
It is a common misconception for people to assume that their bank will give them the best mortgage. It is a natural thing to assume, especially since people have often been banking with the same institution for many years and they feel comfortable with them. However, the fact is that if you limit yourself to going directly to your bank and getting a mortgage from them without looking elsewhere you are most likely shooting yourself in the foot. You are restricting the possibility of other options that might be better for you and this is never a good thing.
There is no doubt that your own bank might give you the plan you want. There is a chance that they will give you a good offer that would be tough to beat by any considerable margin elsewhere. However, this is just a chance. You will only know if it’s anything more than a chance by actually looking elsewhere. Sure, the comfortable and trust factors weigh in, and these can be major factors since you want to trust the institution that is giving you such a large amount of money for such an important thing, but there are many other trustworthy lenders out there that may have a better offer for you. Keep in mind that your bank will probably sell your mortgage to another lender within the first year.
The first place to go is to other major banks and lending companies which you know of. By going to these first, you are going to major companies which are trustworthy. Most major banks offer fairly similar rates, but it is still worth it to check around. In fact, you would be crazy not to check around. You may get yourself a quarter or half a percentage point off, which might seem small but can actually turn out to saving you thousands of dollars in interest payments. These other banks might also have other incentives or better options that you will want to consider. If you own a business, they may even offer you a better deal in an attempt to pick up that business.
There are plenty of other lending companies you can check with, both major and minor, online and offline. It is to your benefit to check as many as possible and not settle with your own bank just because they are the first place you check. Getting a mortgage is a huge thing and it is important to get the right mortgage plan for you, and this will only be done properly if you evaluate your options.
Tags: foreclosure, Mortgage, Mortgages
Posted in Mortgage | No Comments »
Timeline shows Bush, McCain warning Dems of financial and housing crisis; meltdown
Written by admin on August 27, 2010 – 7:04 pm -The Bush Admin and Senator mccain warned repeatedly about Fanny Mae and Freddy Mac and what thus became the 2008 financial crisis — starting in 2002 (and actually even earlier — in the Clinton and Carter White Houses. Democrats resisted and kept to their party line, extending loans to people who couldn’t afford them — just like you would expect of socialists. See our web site for more. — www.proudtobecanadian.ca http — www.proudtobecanadian.ca
Tags: Bush, Crisis, Dems, Financial, housing, McCain, Meltdown, shows, Timeline, Warning
Posted in foreclosure | 25 Comments »
Banks Money Debt Credit A Simple Explanation
Written by admin on August 27, 2010 – 4:18 pm -Credit crisis explained simply and effectively but not including contributing factors such as personal responsibility, greed, and crooked politicians.
Tags: Animation, Banks, Brokers, Credit, Crisis, debt, foreclosure, Just, Money, Mortgages, PRETEXT, prime
Posted in Sub-Prime | 20 Comments »
