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Identifying Predatory Lenders

By Team iBizExpert On April 10, 2022 02:00 AM No Comments

Predatory lending is when lenders in the mortgage industry do things that aren't right. These kinds of lenders take the borrower's home equity and put them at risk of losing their home. But you don't have to get a loan from a lender who takes...

Can Borrowers With Less Than Perfect Credit Obtain 100% Financing For A Bad Credit Mortgage?

By Team iBizExpert On March 19, 2022 12:36 PM No Comments

In the United States of today, too many people have bad credit. On the other hand, many lenders now have looser lending rules than they did in the past, which makes it easier for people with bad credit to get a mortgage. So, even if you have bad...

What are hybrid loans?

By Team iBizExpert On March 06, 2022 08:11 PM No Comments

In the last few years, more and more people have asked lending companies for alternatives to a traditional mortgage. In response to this huge amount of interest, mortgage lenders came up with hybrid loans. You might be wondering, "What are hybrid...

Assumable Loans and Resale Value

By Team iBizExpert On February 17, 2022 04:26 AM No Comments

The value of a loan that can be taken over comes from two places. When a buyer takes over a loan, it is often easier for them to qualify, and the payments may be lower than if they got a new loan. But two important things could make it less...

Understanding Credit Scoring On Mortgage Refinancing or Second Mortgage Loans.

By Team iBizExpert On February 15, 2022 05:18 PM No Comments

"Credit scoring" has been a way for lenders to figure out if a person is a good credit risk for years. Credit scoring has become a hot topic recently, in part because mortgage lenders are willing to use it to figure out how likely someone is to...

Trendy Mortgage Refinancing and Second Mortgage Programs: A Brief Review

By Team iBizExpert On February 15, 2022 03:43 PM No Comments

The strong mortgage market has slowed from its record pace because of rising interest rates and rising home prices. However, interest rates are still historically low. This has pushed lenders to come up with new loan products or market the ones...

Things to consider when shopping for a mortgage.

By Team iBizExpert On February 15, 2022 12:34 PM No Comments

Before you start looking for a new home to buy, you should think about how you will pay for it. When shopping around for a mortgage, there are many things to think about. When looking for a mortgage, one of the first things to think about...

Smarter Internet Research; How to Find the Best Mortgage Refinancing or Second Mortgage Company.

By Team iBizExpert On February 15, 2022 01:18 AM No Comments

Shopping for a mortgage can be difficult, frustrating, and take a lot of time. If you want to refinance your mortgage or get a second mortgage, the Internet can be a great place to do research and look for a loan that fits your needs. At the same...

Selective Mortgage Decision Making

By Team iBizExpert On February 14, 2022 11:09 PM No Comments

In a recent article on IndyStar.com*, it was said that Indiana and Ohio have the most home mortgage foreclosures of any states in the country. As the article says, there are many reasons for the high number of mortgages that are being taken back...

Annual Percentage Rate (APR): Magical Number or Myth When Shopping For Mortgage Refinancing Or Second Mortgage Loans?

By Team iBizExpert On February 10, 2022 07:37 AM No Comments

It can be hard to figure out the APR when shopping for a mortgage refinancing or second mortgage loan. "Many people think that the "Annual Percentage Rate" (APR) of a loan is the most important thing to look at when comparing mortgage loans. But...