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Eyes On Living

“Live Well & Prosper” ….an un-common-sense approach to life

Common Rate Modification Questions

If you are like most nationwide property owners, you may be pursuing a loan modification. Whether you need a mortgage loan modification because your ARM adjusted, the hours at your work have cut back, or you have received a pay cut, you need to know the answers to some common questions to make sure you [...]

When Is The Opportune Time For A Home Loan

Often when we ask when the right time is to take out a mortgage, we’re thinking about interest rates rising and falling or the Federal Reserve and the state of the economy.
But despite what the banks tell us, your readiness to take on a full home mortgage is significantly more important than a point [...]

Can The Hope For Home Ownership Relief Act Really Help Homeowners Avoid Foreclosure?

My take on this bill is that it will be a another government run fiasco. Any program being run by the crooks in our federal government, combined with lenders that have pocketed billions of dollars in government handouts, the screw the homeowners attitude of lenders, the high upfront costs to the homeowners (who are already [...]

Understanding How Private Mortgage Insurance Works In A Conventional House Mortgage

Most first-time home buyers opt for conventional mortgage financing. More than half of all borrowers are able to make a down payment of at least 20 percent, but for those of us who can’t – there’s private mortgage insurance (PMI).
For any conventional mortgage with a down payment of less than 20 percent, you’re going to [...]

Investing In Mobile And Modular Homes

Investing in mobile homes can be a highly profitable business. It is also a business with somewhat high risks, making the average real estate investor nervous. This is a good thing for the investor that will take the time to educate themselves about the risks involved in this type of investing. When risks are managed [...]

Reasons That The FCRA And Your Credit Score Are The Keys To A Low Mortgage Rate

Every time you apply for credit, whether it’s opening a new phone line or applying for a home mortgage, creditors look at your credit report before offering a loan. They check your credit score, your history of making payments and your current debt load.
They do this not only to assess whether they want to lend [...]

Help to Avoid Foreclosure

A foreclosure is an action initiated by a financial organization when a debtor does not meet the legal terms of a mortgage. The mortgage is a legal agreement between two entities, one of which is a lender and one is a borrower. This agreement commits the two entities to the terms of the mortgage. When [...]

The Way Home Loans Work: Analysis Of The Markets

To better understand the process of getting a mortgage loan, you need some tips to know how the mortgage market actually works. The mortgage market has two main parts: the primary market and the secondary market.
The Primary Market
The primary mortgage market is made up of lending institutions and banks that extend loans directly to [...]

7 Mortgage Recommendations For The First Time Home Buyer

Buying your first home? Is the whole lending process confusing? Not sure what the difference is between a variable rate and a fixed rate mortgage? Do you understand the true cost of borrowing? Keep reading for 7 invaluable mortgage tips that are critical for any first time home buyer.
1. The bigger the down payment, [...]

Uncovering The Most Professional Home Mortgage Companies – Several Considerations

Whether you’re shopping for your first home or looking to refinance your seventh, you’ll likely also be searching for a lending institution in your area. However, mortgage research – to be effective – goes well beyond locating the best interest rate. So, keep reading for some criteria and factors to help you evaluate different mortgage [...]

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