Is anyone familiar with Madison First Financial (www.madrate.com) and had any experience with this company?
Are they a first rate company with a good reputation? Has anyone used them or known someone that used them for a mortgage?
Posts Tagged ‘Financial’
Financial Crisis Prevention . . .?
17
Jul
In the U.S. mortgage loans generally fall into two broad categories: Recourse loans, where the lender can sue for default for any money owed after foreclosure: and Non-Recourse loans, where the lender is only allowed to repossess the home.
In Europe most home loans are recourse loans while in the U.S. most loans are non-recourse. The default rates on mortgages that are higher than the value of the home (underwater) is substantially lower in Europe.
Do you think in the future, the U.S. should make all second home loans, no doc loans, or loans that exceed three times the borrowers annual income recourse loans and only allow non-recourse loans for primary homes within a feasible price range?
It would more evenly split the risk between borrower and lender . . . without having the Federal government dictate borrowing standards.
What do you think?
to financial experts and investors… should i buy a home using equity lines to pay?
04
Jun
i found a good deal on a (almost dream home) house for myself to upgrade. i already own a few properties. i am really scared that loan will not go through this time. do you think it’s a good idea at all to purchase this home using equity lines of credit? i will max up 2 helocs and 1 credit card for this, all at about 4% interest rate. i already have 20% for down, already got pre approval.. but my debt to income ratio is barely making it… so there is a chance i don’t get approved. i really want this house. i know that my credit score will fall and heloc interest rate is adj so it’s risky for long term, i am planning to pay it off in 7 yrs. how else can i get this house?
have anybody ever went through rock financial for home loan??
02
Jun
just wondering..because just recently i applied for a loan there and gotten approved and was ready to buy a home but at the last minute my loan officer told me that i wasn’t approved anymore…he had no excuse and then told me he could refer me to another mortgage that could maybe help me…the other mortgage did approve me but it was about 1.25 more of the interest rate…i just don’t want to trust them…
my score is 721..
how have auto loans changed after the financial crisis?
16
May
as we all know, there was a financial crisis in the u.s., making it almost impossible to get a home loan, but what about auto loans. have they become more strict
Do I have any financial responsibilities by being on the title of a home that was purchased?
08
May
I was placed on title as a secondary person but I am not on the home loan. Do I have any financial or legal obligations by being on the title?
Is there a good free classified ad site for adverstising financial services?
24
Apr
My husbad and I have just started in online home loan services, and want to us free online classified ads as part of our adverstising plan.
SBI Home Loan- issued inprincipal approval letter , now bank denies giving the loan due to financial crisis?
21
Apr
I applied for a home loan with SBI and even got a in-principal approval letter from the bank. But after the Financial crisis in US , the bank is not willing to give the promised loan. Please advise what can be done and is the banks stand correct
US blacks see ‘financial apartheid’ in subprime crisis – do you see their reasoning on this?
16
Apr
SO…you are crying RACISM for being given a chance to own a home and FAILING because you did not pay your bills? How is this apartheid?
This all goes back to being treated EQUALLY. It is not MY fault that you chose to buy something you could not afford. Whites do it too. It is just stupidity and greed…nothing else.
http://www.breitbart.com/article.php?id=080127181914.e1z8r2hd&show_article=1
“People of color are more than three times more likely to have subprime loans,” concluded the organization United for a Fair Economy in a recent report which estimated that minorities have seen between 163 billion and 278 billion dollars of their equity go up in smoke since 2000.
The city has responded by suing lenders, accusing them of targeting black borrowers and steering them to the loans granted with few formalities and at hefty interest rates to people with poor credit histories.
READ THE ARTICLE – this is not MY ISSUE
what financial benefits do you get when you own a home?
14
Apr
i have to list the financial benefits one is entitled to once he/she owns a home. for example, home equity loans, etc. please give as many details and benefits as possible and if you can, please explain the benefit!
Will having a home modification loan affect my financial aid?
13
Apr
My mother is applying for a home modification loan and it looks like she’ll be approved, if she is approved will this affect how much financial aid i receive?
financial advice needed please (Home loans)?
05
Apr
Hi my partner and I want to buy a house. Together we earn just under $100 grand a year. He currently has no debt however i have 15 grand debt. I want to get a new car and a laptop would increase my debt to about 25 grand. My partner seems to think I shouldnt get the car as this will make our chances of being approved for a hom loan very difficult once they see that im in debt, I understand where he is coming from I just think that people who approve home loans would take in consideration some previous debt. Please if your a home loan lender or anyone been in the same situation please help and advice me what i should do? by the way I live in QLD australia.
has anyone ever dealt with swan financial to purchase a home?
20
Mar
we are doing a home purchase loan through swan financial based in kentucky (we live in alabama) they have preapproved us for the fast track loan program we have sent in all paperwork required and was told our next step is the appraisal and home insurance. i would like to know if anyone has used this company before and are we really totally approved and how long will it take from now to close?
Home equity loan help?! Anyone financial!?
20
Mar
Okay I know that without specific numbers no one can really answer this question. But I just want to know how much more a monthly mortgage payment will be if a home equity loan is taken out for home repairs. Here is what I know so far: The house is appraised for 208,000. I dont know what the original down payment was or how much the original mortgage was for but I’m just going to guess 188,000. There have been 60 monthly payments of 1400 per month on I am assuming a 30 year loan. I don’t know what the interest rate was, but they want to take out a home equity loan of 18,000 to 28,000 for home improvements. If anyone can help me figure out approximately how much more the monthly mortgage payments would be that would be great. You can email me if you need any more info that can help.