What is a relo?

What is a relo? The term relo stands for relocation property. A relocation property is a property that was purchased by a company for an employee who is being transferred to a new location. A relo is considered a benefit to the employee because they don't have to worry about selling their home. They just get a check from the relo company. The relo company takes on the burden of selling the property.

What is a RELO?

Real Estate Articles

What is a BPO?

What is a BPO? BPO stands for broker price opinion. A realtor will do a bpo for a bank, lender or homeowner who is seeking to know what the value of their home is.

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Real Estate Articles

Ameridream could be going away

Ameridream could be going away. That is if congress has anything to say about it. Under proposed legislation, an estimated 100,000 home buyers would be negatively impacted each year. The worst part about this is that it comes at one of our worst housing slumps in history. We need Ameridream to help keep the real estate market moving. Call 202-224-3121 and tell your elected official to keep DPA and down payment assistance programs part of the down payment option.

What is Ameridream

What is a amb4rloan finance loan?

What is a amb4rloan finance loan? Who knows but you can find more information on finance at GetPrequalified.com

What is a qmberloan finance loan?

What is a qmberloan finance loan? It is most likely a misspelling for cumberland finance loan.

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What is loan modification?

What is loan modification? Loan modification is where you have a lender modify your original mortgage loan. You may have a situation where you are upside down or cannot make the new adjust interest rate payment. Lenders do not want to take your property back. They are very interested in helping you stay in the property. You must be able to demonstrate a hardship. So don't be surprised is they ask you for tax returns and bank account statements.

Mortgage Articles

What is a foreclosure?

What is a foreclosure? A foreclosure is a process that a bank, lender or individual goes through to legal take possession of a property when the owner fails to pay the mortgage.

Foreclosure Articles

What does REO mean?

What does REO mean? To some REO might mean REO Speedwagon but in the real estate business REO means Real Estate Owned. This signifies that a bank has taken a property back during a foreclosure and is now selling it.

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Publish your real estate, mortgage, debt and credit articles now on GetPrequalified.com

How do I publish my articles online? The answer is simple just go to GetPrequalified.com and read the editorial guidelines. You can publish anything relevant on mortgages, debt negotiation, real estate, debt consolidation, home improvement and credit repair. We will even give you a back link. For more information please go to GetPrequalified.com and read the terms of publication on the home page.

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Do I need Identity Theft Protection?

Do I need Identity theft protection? You probably have seen the commercials all over the TV for LifeLock. Todd Davis the owner of LifeLock is proudly displaying his social security number all over a city bus in public. He is so confident that his service works that he is offering up to one million dollars of theft protection. These services are good, but your homeowners insurance policy may have you covered. Just call your insurance agent to see if you already have protection before you sign up for a credit protection program.

Identity Theft information

What is a Fraud Alert?

What is a Fraud Alert? A fraud alert is a way to alert the credit bureaus that you have had a case of identity theft. If you want to open new credit after the fraud alert has been implemented, you will be called by the credit bureaus to make sure that it is valid. It makes it tough for a thief to open a new credit account because you will get called first before they can do anything. If you suspect that an identity thief has gotten a hold of your information you need only call one of the three credit bureaus to activate it across all three credit repositories.

Call the credit bureaus to active a fraud alert on your credit report

The Equifax fraud line is 1-800-525-6285

The Experian fraud line is 1-800-397-3724

The Transunion fraud line is 1-800-680-7289

Remember that you only need to call one.

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What happens if Fannie Mae and Freddie Mac go under?

What would happen if Fannie Mae and Freddie Mac go under? If Fannie and Freddie were to fail, the real estate market would have a big problem on its hands. Cheap mortgage loans would probably dry and thus causing the real estate values to plummet. If you did want to get a home, the interest rate that you would pay would be a lot higher. Fannie Mae and Freddie Mac buy over half of all mortgage loans originated in the United States. If the government would not let Bear Stearns crash I can't see how they could let these two mortgage giants fail.

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How do you get Free Money

How do you get free money? You can get free money to buy a home from the Ameridream corporation. You can get up to a 10% gift of the purchase price. You never get it back and its yours to keep. All you need to do is ask you loan officer to enroll you in the Ameridream program. It is that easy. The only kicker is that it will only work for an fha loan.

How do I get free money

How do I get rid of PMI?

How do I get rid of PMI? If you have mortgage insurance or private mortgage insurance you will need to keep it for at least two years. If you pay down your mortgage to 80% of the original purchase price and you are past the two year mark, the lender has to take it off. I would call your bank and ask them for what their policy is for for getting rid of the mortgage insurance. The other option is to have your home at a 78% LTV. This means that the mortgage is 78% of the value. Well why wouldn't I do it at 80%? If you didn't put a lot of money down on the property and the value went way up in a two year period, you would not have to personally pay it down to the 80% level. The real estate market can help you get to a level that a bank will let you get rid of the pmi. You can either pay it down to 80% or let market appreciation get you to 78%. Either way this will help you get rid of the pmi. Getting rid of that extra payment each month will be very nice.

Additional information on how to get rid of pmi

Ameridream may be going away - ameri dream

Hud is trying to impose a new rule to get rid of the charitable down payment assistance programs like Ameridream. Tell Hud that that would be a disaster in todays real estate market. Anything we can do to stimulate the real estate market would be a good thing. Taking dpa away would cut out 200,000 housing opportunities a year. Imagine what this would do to an already sluggish housing market. Tell Hud they have it wrong. Tell Hud that they need to support Ameridream and other down payment assistance programs. Go to Support Home Ownership to leave your comments.

What is Ameridream

What is Ameri Dream?

What is Ameri Dream? Ameri Dream is a down payment assistance program to help low and middle income people buy homes. You can get up to a 3% down payment gift through the Ameri Dream non profit foundation. You can also get an additional 3% assistance for closing costs. So you can buy a home with no money down and no money out of pocket with Ameri Dream. The best part is that you can move into your new home with an immediate 3% equity. This is even a better deal than the Fannie Mae My Community loan program. On the My Community loan program you could get in for no money down but you would not have any equity if you did the 100% loan.

What is Ameri Dream?

Mortgage Education

instant credit builders

Instant credit builders will be more interesting to you if you need to get your credit scores up fast. The first thing you want to do is to see if you credit bureau is even reporting correctly. Over 90% of all credit reports have errors. These errors could be pulling your score down. If there are errors on your credit report, you will need to write the credit bureau about having those items taken off. If your credit card has a zero balance, don't close it. If you close your credit card, all of your credit history goes with it. A good portion of your credit score is determined by your credit history.

Credit Report Tips

Instant-Credit-Builders

Lynx Gas Grill - Keep your summer AC bill down

The Lynx_Gas_Grill will help you keep your summer air conditioning bills down. Cooking inside only heats up your home, thus running your air conditioning more which will raise your bill. Using the Lynx-Gas-Grill is fun as well. There is nothing better than a beer in one hand while flipping burgers with the other. It's also a great excuse to have a party. Don't delay pick up your Lynx Gas Grill today and start saving.

Lynx_Gas_Grill

Credit Builders - What will work to raise my credit score

Credit Builders that can help raise my fico score. If your credit score is low, you may want to know some of the best ways to increase your credit score. The simplest way to increase your credit score is to pay your bills down to 30% of the available credit on them. Once you go over 30% of the available credit balance, you start to show up on the credit bureaus screen and they penalize your score. Pay your bills on time. Late payments are a killer to your credit score. One late payment can drop your score up to 100 points or more. Besides you don't want to start getting hit for late fees.

Tip to improve my credit score