Getting A Mortgage Online [mortgageuseful.blogspot.com]
LeahCoss.ca Slide Show Information Slide 1 Mortgage Application Checklist - Before house Hunting - What & Where? Detached House, condo, Townhouse City? Vancouver, Maple Ridge, Surrey? - Get a Realtor - Get Pre Approved Call 604.313.9996. Over the phone Pre Approval Fill out a Mortgage Application LeahCoss.ca Red button on right Or Mortgage Tools tab to print - Start Gathering Necessary Paperwork Income - Pay Stubs, NOAs, Job Letter, etc Down Payment Bank Stmts, Gift Letter Other Divorce or Separation Agreements, Bankruptcy Discharge, Business License, Certificate of Inc After House Hunting - All Paperwork BEFORE Subject Removal No Exceptions - Paperwork on Property MLS Listing for Property Property Condition Disclosure Statement Contract to Purchase & Sale - If Requested by Lender, Appraisal for Property - Specific to Property Septic or Well - Testing or title insurance Oil tank in yard Removal & testing Previous Drug Lab Environmental testing - Subject Removal Timelines Paperwork collected BEFORE, 3-5 days No paperwork, 5-7 days Property testing is needed, 2-4 wks - I will advise you of any other Lender Requests Other Resources More References & Information LeahCoss.ca Find Income Videos & Articles Credit Videos & Articles Down Payment Videos & Articles http MortgagesInVancouver Twitter.com MortgagesInVan Contact Info Fill Out an Application Today to Get Started http Red Button on the Right (Apply Now) Leah Coss Independent Mortgage Broker Ph. 604.313.9996 Fx. 1.877 ...
mortgageuseful.blogspot.com How to Get a Mortgage Checklist
WASHINGTON â€" The government proposed rules Monday to help Americans understand the costs and risks of getting a mortgage. Consumer agency proposes revamp of mortgage forms to prevent surprises ...
The best place to get a home loan or a mortgage is to go online and take a look at the rates that are offered so that you get the best deal. If you are looking for a mortgage for a home, the place to go is through an online bank rather than an off line bank. You can even get a property loan from another country when you know where to shop online.
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When you are looking for a private home loan such as a mortgage that will enable you to purchase a home of your own, you may have a difficult time getting one in the regular market off line. However, when you go online, there are many options that are open to you in the home loan market. When you are looking for money for a home, you can compare home loan interest rates and even fill out a home loan application right on the internet. You can get the money that you need to make your dream of home ownership come true when you know the place to get the home loan that you need.
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In looking for a mortgage, you want to keep an eye on the home loan interest that you will have to pay as well as the points that you need to pay for closing the loan.
You can often get a lower interest rate when you are looking for a home loan if you pay more up front by way of points.Â
You should also take a look at the home loan interest that you have to pay. There are basically three types of home loan interest that you can choose from when you are looking for a home loan. These include a balloon rate which allows you to pay the interest up front and then the principal of the loan. The principal of the loan is the amount that you borrow up front for the mortgage. You can also get home loan interest that is fixed.
This means that the interest rate will stay the same during the term of the mortgage. In addition, you can get an adjustable rate home loan that will adjust after a certain period of time. Generally speaking, you are better off to get the lowest home interest rate as possible.Â
You can complete a home loan application right online and then wait for approval. The home that you are buying will have to be appraised to make sure that it is worth the amount that you are spending for the property. You will have some closing costs, many of which can be rolled right into the mortgage if you so choose. If you are looking to buy a home, now is the best time as the prices of homes are at rock bottom. In order to get a home loan, you are better off to take a look at the rates that are offered online as well as the mortgage loans. This can give you a better deal than you can get from a bank.
Suggest Getting A Mortgage Online IssuesQuestion by : Why would anyone get a Mortgage? I can't understand why anyone would want a 30 year mortgage when they are going to pay so much more than the home is worth. Best answer for Why would anyone get a Mortgage?:
Answer by bornagainbrat
You have to pay rent if you don't and after 30 years of renting you have nothing but more rent to pay.
Answer by Pat
Because they don't have the full price in cash. And if they don't have a mortgage, they'll just be paying rent to someone who will be making a profit from their payments. And landlords don't maintain their properties properly. And you get tax breaks for paying interest and property taxes. And when it's paid off, as my home soon will be, you never have to pay rent or mortgage payments again. But if you never buy a house, you'll be paying rent all of your life. And it's not YOUR place to decide what my home is worth to ME.
Answer by The Cruise Guy
If you do not pay an inflated price to begin with or purchased at the top of the housing bubble, your home will appreciate, you build equity, and thus you do not end up paying more than it's worth.
Answer by Rick B
Do you have $ 200,000 in your bank account?!?!?? I agree that a 20, 15, or 10 year mortgage makes much more sense.
Answer by Apollenaire
Do you understand why people rent when their rent is essentially paying off the mortgage on somebody else's property and after 30 years they have nothing to show for it but a pile of receipts?
Answer by kemperk
why does anyone carry a "balance" on a credit card? Same exact thing and they are paying 18% more per year! [not 5.5% as in a mortgage] buy tax certificates and hope that one of them is not reimbursed.
Answer by ChoDuffield
You're looking at this very narrowly. Assuming you don't have the cash to purchase without a mortgage, the only other option is to rent. So the real question is what is the 30 year financial comparison between renting v owning. (There are non-financial aspects to consider as well, but you were focusing on financial so I'll stick with that.) For these purposes, let's assume your mortgage (including interest) would be the same as your rent. Rent: $ 1,500 * 12 months * 30 years = $ 540,000 paid. Period. Mortgage: $ 1,500 * 12 months * 30 years = $ 540,000 paid . . . .PLUS you have an asset (your house) worth say $ 200,000. $ 540,000 less $ 200,000 = $ 340,000 better off over straight renting. This is a very basic example with made up numbers, but it is rare that you'd be in a worst off situation over 30 years with a mortgage. Even if you don't have the house for 30 years, you are still gaining equity with every payment meaning after 15 years you might have $ 75,000 instead of $ 200,000, but it's still more than zero with renting. And, yes, there is also the fact that traditionally the value of the home goes up over time. So while you purchased it for $ 150,000 over time that will go up and could be worth $ 200,000 or more when you decide to sell. (Like any investment, there is also risk that it will go down. Traditionally, however, real estate has been a good long investment.)
Answer by I, Don
People are being "mislead" into believing a mortgage is necessary to own a home. A mortgage is a dead pledge (literally). These banks are reserves they are NOT real banks because they do NOT have real money to loan (gold). The "bank" convinces the buyer a loan is given so the buyer agrees to a higher amount on their Promissory Note than the cost of their house. The reserve bank uses the Promissory note to purchase the house (purchase is not the same as buying) then takes the "left over" credit amount, cashes it in through another bank, then sticks the buyer with the bill for 30 years. In other words, the buyer has to work to create dollar bills, make monthly payments (that is how their house is paid for) and also make payments for the credit the reserve bank cashed in all at once. This is NOT loan/money system This is a credit/debt system. All the value is coming from the buyer based on their ability to work over the years to create dollars and make payments. Dollars are created through our work, they are not waiting around to be borrowed like money/gold.
Answer by Shibgat
If you can not the afford the total cash for buying a house, you must want a 20/30 years mortgage. Once you would pay off full mortgage, you dont need to pay again.
