Home Equity Loans & Foreclosures: Video Series

Shopping around for home equity loans is recommended for getting the best loan available. Some banks will offer equity loan rates at below the prime interest percentage set by the federal reserve. Get the best home equity loan by shopping around with advice from a mortgage broker in this free video on home equity loans.

The best way to get a home loan with bad credit is to work with a credit repair company to clean up any issues with your credit score. Avoid getting stuck with a high interest rate on a mortgage loan because of bad credit by consider advice from a mortgage broker in this free video on home loans.

Getting home equity loans with bad credit can be almost impossible during a poor economy. FHA will allow cash refinancing on a first mortgage to people with bad credit, but that is the only option. Find out more about how declining real estate prices affects home equity loans with information from a mortgage broker in this free video on home equity loans.

Getting a home equity loan on a rental property can be difficult when the economy and home values are going down. Consider getting a home equity loan on a primary residence with advice from a mortgage broker in this free video on home equity loans.

Home equity loans and mortgage payments are all considered tax deductible, which is why many home owners find equity loans so desirable. Get a 100 percent tax deduction on home equity loan interest with information from a mortgage broker in this free video on home equity loans.

The two types of home equity loans are fixed-rate second mortgages and home equity lines of credit. Find out why home equity lines of credit are more popular due to the variability of the credit line with information from a mortgage broker in this free video on home equity loans.

Home equity loans for mobile homes generally require the mobile home to be permanently attached to a piece of property that is also owned by the home owner. Consider refinancing a mobile home loan through the FHA with insight from a mortgage broker in this free video on home equity loans.

When applying for a home equity loan as a disabled person, lenders will look at the ability to repay the loan, as opposed to the person's disability. Consider applying for special grants through community lenders that are focused on the disabled with tips from a mortgage broker in this free video on home equity loans.

Home equity valuation is determined by calculating the difference between a mortgage loan and the value of the property. Have a house appraised for value to help determine the equity valuation with advice from a mortgage broker in this free video on home equity.

Stop home foreclosure by paying off any loan payments that have defaulted along with additional legal fees. Consider filing for bankruptcy if paying off defaulted loans is not possible with ideas from a mortgage broker in this free video on home loans.

To stop a mobile home foreclosure, bring loans up to date by paying defaulted loan amounts and legal fees, or file for bankruptcy to halt foreclosure proceedings. Work out a repayment schedule with the lender to avoid loosing a mobile home with advice from a mortgage broker in this free video on home foreclosure.

Apply for a loan on a trusted Internet Web site, over the phone or directly through a bank or lender. Make sure loan information is kept confidential to avoid fraud with advice from a mortgage broker in this free video on loans.

When refinancing a home, fill out an application, provide income documentation, have the home appraised, and wait for the bank to approve or reject the refinancing loan. Learn how closing costs are generally rolled in to a refinancing loan with information from a mortgage broker in this free video on home loans.

Refinancing your home requires filling out an application, providing income documentation, getting the home appraised and having the loan processed by the lender. Find out how refinancing a home is similar to the original loan process with information from a mortgage broker in this free video on home loans.

Licensing required for being a loan officer will depend on whether you are a loan officer or a mortgage broker. Loan officers are not generally required to licensed because they are covered under the bank license. Get information on the licensing required to be an independent mortgage broker from a mortgage broker in this free video on loans.

Loans are not generally available for people in foreclosure, but loan modifications may help a person be better able to handle home loan payments. Get information on adjusting the terms of a mortgage loan from a mortgage broker in this free video on home foreclosure.

A home foreclosure will stay on your credit for seven years, though some people may be able to get another mortgage loan about three years after a foreclosure. Find out how bankruptcy will stay on a credit report for 10 years with information from a mortgage broker in this free video on home foreclosure.

The three most popular types of bank loans include unsecured personal loans for less than $5,000, automobile secured loans and home equity loans or lines of credit. Apply for a loan that fits your needs with help from a mortgage broker in this free video on loans.

Investing home equity loans in the stock market is almost never a good idea considering how volatile the stock market can be. Consider investing home equity in an IRA, fixed annuity or CD with advice from a mortgage broker in this free video on home equity loans.

Obtain funds with a home equity line of credit by getting a checkbook from the bank to write checks from the equity loan or getting a credit card tied to the equity. Access funds from a home equity line of credit by discussing options with the lending bank and using advice from a mortgage broker in this free video on home loans.

The repayment terms for a home equity line of credit generally require the borrower to pay off interest on money withdrawn from the loan for the first 10 years. After 10 years, lenders will often require any remaining principle to be paid off in the next five years. Be careful not to run up a large balance on a home equity loan with advice from a mortgage broker in this free video on home equity loans.

A foreclosure sale is the last step in the foreclosure process, and it basically entails the bank putting up the property for sale on the courthouse steps to receive bids from the public. Get more information about foreclosure sales and how banks set the prices for properties from a mortgage broker in this free video on home foreclosure.

Incentives available to first-time home buyers include programs that offer down-payment loans, which are forgiven after a certain time period, and tax credits given to first-time buyers. Apply for first-time home buyer assistance programs with tips from a mortgage broker in this free video on home loans.

A home foreclosure is a legal proceeding in which a bank or lender attempts to recover money from a home loan when the homeowner cannot make payments on the loan. Foreclosure allows the bank to sell the property in order to recover that money. Find out more about home foreclosures with information from a mortgage broker in this free video on home foreclosure.

Depending on the type of home mortgage loan, the credit scores required to be approved for a loan range between 580 and 620 at a minimum. Find out whether a conventional home loan or an FHA home loan will suit your needs with information from a mortgage broker in this free video on home loans.