http://www.articlesnatch.com/profile/Ti-Grant-Eckert/28523 Ti Grant Eckert is an author at ArticleSnatch.com Article Directory. Below are the most recent articles from Ti Grant Eckert. For more of articles by Ti Grant Eckert please use the link above. http://www.articlesnatch.com/profile/Ti-Grant-Eckert/28523 http://static.articlesnatch.com/i/logo.gif en-us http://www.articlesnatch.com/profile/Ti-Grant-Eckert/28523 PHP/5.0.26 http://www.articlesnatch.com/Article/Why-You-Should-Consider-an-Adverse-Remortgage/300140 There are many reasons to consider an adverse remortgage, particularly if you have a variable rate adjustable rate mortgage (ARM) that is getting close to a scheduled adjustment. Many individuals who borrowed money to purchase a home under the sub-prime lending market have mortgage loans with very unfavorable terms. Who Can Benefit From an Adverse Remortgage? Many people with poor credit histories were so glad to be able to access funding to purchase a home that they did not stop and consider the long term consequences of having an adjustable rate home loan. Over the last few years, however, the landscape of the mortgage loan industry has made just how risky ARM loans can be for borrowers and investors alike. Individuals who initially borrowed money to purchase a home under a sub-prime lending program may be pleased to find that their credit scores have started to head in the right direction, particularly if they have been making all their mortgage payments on time and have avoided taking on additional debt. Those with unfavorable sub-prime mortgage loans can greatly benefit from applying for an adverse remortgage loan.** End Summary**<p>About the Author:<br>About Author: Grant Eckert is a freelance writer who writes about topics pertaining to the mortgage industry such as <a href="http://www.absolutemortgageco.com">Mortgage Company | Home Mortgage Lender</a> Sat, 08 Mar 2008 00:00:00 -0500 http://www.articlesnatch.com/Article/Why-You-Should-Consider-an-Adverse-Remortgage/300140 http://www.articlesnatch.com/Article/The-Mortgage-Forgiveness-Debt-Relief-Act-of-2007-what-you-need-to-know/300137 "When the country runs out of money", legendary comedian W.C. Fields once told a reporter, "then we'll just have to print some more". If things were really that simple, tax season would become a greater celebration than Christmas, Halloween and The Super Bowl all wrapped into one. The current financial state of the US, however, looks pretty grim for all tax payers, and particularly homes and owners who have been fighting the blunt of it these past few years. The very last thing needed when crumbling under constantly-heavier monthly payments is to be taxed if forced out of a home that can't be paid for any longer; which is where the recent Mortgage Forgiveness Debt Relief Act comes into play. What the Act is exactly The 1986 Internal Revenue Code was forged in a way that did not much favor home owners trying to steer clear of impending foreclosure, in that the IRS would add "discharges of Indebtedness" to the owner's gross income. The new bill, signed by congress on December 14th 2007 and by the President six days later, rectifies this supplemental burden by offering a three-year window in which such amounts are excluded from declared revenues.** End Summary**<p>About the Author:<br>About Author: Grant Eckert is a freelance writer who writes about topics pertaining to the mortgage industry such as <a href="http://www.absolutemortgageco.com">Mortgage Company | Home Mortgage Lender</a> Sat, 08 Mar 2008 00:00:00 -0500 http://www.articlesnatch.com/Article/The-Mortgage-Forgiveness-Debt-Relief-Act-of-2007-what-you-need-to-know/300137 http://www.articlesnatch.com/Article/The-Current-Status-of-Jumbo-Loans/300136 Are you thinking about purchasing a house that costs more than $400,000? Unless you are planning to make a significant cash down payment on your new home, it is likely that you will need to apply for a jumbo loan. A jumbo loan is simply a home loan for property in the continental United States that exceeds $417,000, whether the funds are used to purchase a new home or to refinance an existing mortgage. For residents of Alaska, Hawaii, Guam, and the U.S. Virgin Islands, mortgages are not considered to be jumbo loans until they exceed $625,000. Jumbo loans are simply mortgage loans made for amounts that exceed the limit for conforming home loans, as determined by Freddie Mae and Fannie Mac, government sponsored entities that are the two largest players in the secondary home loan market in the United States. For this reason, jumbo loans are sometimes referred to as nonconforming loans. Jumbo loans exceed the Federal Housing Administration's (FHA) underwriting limits.** End Summary**<p>About the Author:<br>About Author: Grant Eckert is a freelance writer who writes about topics pertaining to the mortgage industry such as <a href="http://www.absolutemortgageco.com">Mortgage Company | Home Mortgage Lender</a> Sat, 08 Mar 2008 00:00:00 -0500 http://www.articlesnatch.com/Article/The-Current-Status-of-Jumbo-Loans/300136 http://www.articlesnatch.com/Article/Top-Ways-to-Benefit-from-the-Current-Mortgage-Crisis/289932 The current mortgage crisis might be a nightmare for the people who are directly involved in it. However, with a little bit of smart planning and a lot of hard work you can benefit from this mortgage crisis and come through the other end with flying colors. Remember that not every crisis has to be the end of the world, and if you are considering getting into the housing market you might be able to benefit from the current mortgage crisis in more ways than one. Stable Interest Rates The first way that you can benefit from the current mortgage crisis is to take advantage of the now stable interest rates that you can find. Many lenders are aware that people are no longer keen to invest in changing interest rates, and that many of these have led to foreclosures. Therefore, there are beginning to be many lenders that are advertising their own brands of stable interest rates that will not be changing with the market. These rates are something that you should take advantage of, because they will allow you to lock down your rates and your home payments for the life of your loan.** End Summary**<p>About the Author:<br>About Author: Grant Eckert is a freelance writer who writes about topics pertaining to the mortgage industry such as <a href="http://www.absoluterates.com">Mortgage Company | Mortgage Lender</a> Tue, 05 Feb 2008 00:00:00 -0500 http://www.articlesnatch.com/Article/Top-Ways-to-Benefit-from-the-Current-Mortgage-Crisis/289932 http://www.articlesnatch.com/Article/The-Pros-and-Cons-of-Adjustable-Rate-Mortgage/289929 An adjustable rate mortgage, commonly referred to as an ARM, is a mortgage where the interest rate on the mortgage changes periodically, on a schedule, according to an index. The most common indexes used to determine the interest rates are: One-year constant maturity treasury securities (CMT) Cost of Funds Index (COFI) London Interbank Offered Rate (LIBOR) A lending institution's own costs of funds. The mortgage payment that you pay will thusly change, either up or down, to ensure a steady margin for the lending institution. For many people who are looking at mortgages, the adjustable rate mortgage can seem like a great idea, however there are many pros and cons to an adjustable rate mortgage - items that need to be weighed over the short and long term to decide whether an adjustable rate mortgage is right for you or not. The Pros of an Adjustable Rate Mortgage The initial interest rate on an adjustable rate mortgage looks great on paper. Most often, the adjustable rate mortgage inserts rate is much lower than a fixed rate mortgage, which also means that the payment is lower.** End Summary**<p>About the Author:<br>About Author: Grant Eckert is a freelance writer who writes about topics pertaining to the mortgage industry such as <a href="http://www.absoluterates.com">Mortgage Company | Mortgage Lender</a> Tue, 05 Feb 2008 00:00:00 -0500 http://www.articlesnatch.com/Article/The-Pros-and-Cons-of-Adjustable-Rate-Mortgage/289929 http://www.articlesnatch.com/Article/The-Pros-and-Cons-of-a-Bi-Weekly-Mortgage/289925 Having a mortgage can be expensive; with the interest that is charged over the life of your mortgage, a large portion of what you end up paying is nothing more than interest payments and not the loan itself. Obviously it's important to be able to pay off your mortgage as quickly as possible in order to keep the interest at a minimum, just as it's important to make sure that all of your payments are made on time so as to avoid late fees or other costs. One option that can help you to pay off your mortgage early while giving you the added benefit of having to pay less at any given time is a bi-weekly mortgage. If you aren't familiar with the term, a bi-weekly mortgage is a payment plan which allows you to make a partial payment on your mortgage every two weeks. It's not an actual mortgage loan, but instead is a service which will help you to pay off your mortgage faster than you would be able to by simply making your standard payments each month.** End Summary**<p>About the Author:<br>About Author: Grant Eckert is a freelance writer who writes about topics pertaining to the mortgage industry such as <a href="http://www.absoluterates.com">Mortgage Company | Mortgage Lender</a> Tue, 05 Feb 2008 00:00:00 -0500 http://www.articlesnatch.com/Article/The-Pros-and-Cons-of-a-Bi-Weekly-Mortgage/289925 http://www.articlesnatch.com/Article/Searching-for-Mortgage-Rates-How-to-Utilize-the-Internet/289922 Anyone who has every had to look for a mortgage will tell you how important it is to check various mortgage rates to ensure that you are getting the best interest rate and the best mortgage for you and your finances. In the past, searching for mortgage rates meant calling lenders and finding out what their rates were, as well as their terms. This was a long process that many people balked at - and many didn't do at all because of the amount of time that it took. However, now you're in luck. Finding mortgage rates for comparison has never been easier thanks to the Internet. The Internet has opened a whole new realm of competition between lending institutions, which is beneficial to mortgage rate seekers. This means that the information about different mortgages, including the mortgage rates, is just a few clicks away for anyone. It's important that you have your ducks in a row, and that you have a mortgage in place before you begin to purchase a home.** End Summary**<p>About the Author:<br>About Author: Grant Eckert is a freelance writer who writes about topics pertaining to the mortgage industry such as <a href="http://www.absoluterates.com">Mortgage Company | Mortgage Lender</a> Tue, 05 Feb 2008 00:00:00 -0500 http://www.articlesnatch.com/Article/Searching-for-Mortgage-Rates-How-to-Utilize-the-Internet/289922