All Blog Posts Tagged 'educational' (7)

Tuesday, 08/11/2009 @ 6:00 p.m CST. Northwoods National Bank, 1255 Lincoln Street, Rhinelander, Wisconsin, 54501 Northwoods National Bank is holding a seminar for first-time homebuyers. If you have not owned a primary residence in the past three years, go see what financing options are available to you. If you are considering buying a home, but are hesitant, go see what Northwoods can do for you. Special programs are available to qualified borrowers with limited down payment. Now is the time f… Continue

Foreclosures are more common these days, finding a foreclosed property to buy has become a lot easier than it was during the housing bubble. When home prices were increasing in the double digits annually and anyone could qualify for a mortgage , the supply of foreclosed homes was low. Now the the housing bust has arrived in full force, the supply of California foreclosures, Florida foreclosures and Texas foreclosures has gone through the roof. Foreclosures in other states are not that plentiful… Continue

Self-employment is becoming increasingly popular. Statistics show that more and more people are choosing to be self-employed in recent times. Being self-employed has its benefits, but it also comes with its own problems. Let us suppose that you are self employed and want to buy a home. Keeping in mind that self-employed individuals do not generally have a fixed source of income, you may find that lenders are unwilling to cut a mortgage deal with you. After all, a lender who does business with y… Continue

Currently, individuals cannot have their mortgage debt forgiven on a primary mortgage through bankruptcy, though there are certain cases, such as in the case of a second or third mortgage, where you can have some of your overall debt forgiven to help you catch up with your primary mortgage and save your home - at a cost. Your credit could be badly damaged for up to seven years. Particularly interesting is that according to the Herald's article, Obama's election during the current foreclosure cr… Continue

I thought the following information would be useful in your search for a lending institution. The following article lays out five helpful suggestions you can apply to your own search for a lender. The viewpoint is particularly interesting because it comes from the perspective of an agent, who would be intimately familiar with lending. By taking the preemptive approach outlined here-in, you might make the buying process easier on yourself. For example, the second tip advises you to work… Continue

That age-old question is coming up again: rent versus buy? The foreclosure market has been growing considerably in recent years, as the rate of default and supply has increased, causing housing prices to fall. If you have good credit and a reasonable down payment saved up, you might be asking yourself if you should buy. The American Bankers Association offers a few tips to help. Money and Business June 18, 2008

The American Bankers Association suggests that consumers ask themselves

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The HUD Foreclosed NETWORK was designed to create a platform where people could get online to talk with one other and strengthen each others' knowledge about foreclosures and foreclosure investing... and where defaulting individuals could go to find people to help them get out from under mortgage default, before ruining their credit with a foreclosure. In the wake of the "foreclosure crisis," as it is now widely becoming known, becoming… Continue