Visa Home Loans

Archive for October, 2008

Having an even 3-point better interest rate on your home equity loan can save you over $1,000 in annual debt payments (on a loan of $50,000). Here are 4 tips for getting the best-possible home equity loan rates.Tip #1: Pull your credit report: Even though your loan will be lent against the equity in your home as collateral, the rate for which you are eligible is still based largely upon your credit score. If you have not pulled your credit score in months or years, go ahead and do so now. You can get a free copy of your report at the Federal Trade Commission-authorized Web site.Tip #2: Polish your credit score: If you have poor or fair credit, improving your credit score just 50 points or so can save you $1,000 or more in annual home equity loan payments. While an applicant with good credit might have a rate .. more»

There are many people in the military that do not know many of the special offers that are specially been designated for the utilization of military servicemen and women. One such offer is a military car sales loan that can be taken up by a military person for the purpose of buying a car. This loan has a very low rate of interest in comparison to many other car loans. Being unaware, many military personnel do not utilize this advantage of taking up a military car sales loan.Let us now get a more detailed insight into what are the advantages of taking up a military car sales loan and who are eligible to go in for such a loan and the process to obtain it.The Benefits of a Military Auto LoanAny armed force personnel is eligible to obtain this loan to purchase a car, either used or new. Another option .. more»

Getting a hard money loan with bad credit may be easier than getting a standard loan from a bank. It really depends on the individual situation and the lender. Most banks have raised the minimum required credit score for personal loans. If your score is low, you may still be able to get a mortgage for your primary dwelling from a regular bank, but if you are interested in real estate investing, rehabbing or flipping, your application will probably be denied.For some hard money lenders bad credit is not an issue. It is their business. Some small companies and private individuals specialize in making high risk loans to property owners. The amount that a person can borrow is limited to the amount that the lender can expect to recoup in the case of foreclosure. These are risky deals for both the lender and the borrower, but sometimes it is the .. more»

Refinancing is nothing more than replacing your existing mortgage loan with a new loan. If interest rates have dropped since you last financed your home, refinancing at a lower rate (even 1 percent) can save you a lot of money.You don't have to be a mathematician to figure out whether a refinance would save you money. You'll need to know your total closing costs and your new monthly payment to make an estimate. Let's assume that your mortgage payment is $1250 and you find a lender that will cut your loan payment by $200 a month. That's $2400 a year!But wait... The new loan comes with a price. It's not unusual for a refinance loan's closing costs to be in the $4000 neighborhood. That's a lot of money. But, the next question is. How many months will it take me to recover my costs of getting the new loan? At .. more»