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Welcome To The Mortgage Insider Website!

Mortgage shopping is difficult and confusing to say the least. Being out gunned on the confusing topics of the mortgage industry, the American mortgage consumer is left without an appropriate mortgage shopping method. And sadly, many Americans are just now finding out their lack of any prudent mortgage system is responsible for putting them into a needless foreclosure, or pushed them into a mortgage decision that comes back to haunt them.

I always say when it comes to this huge gap in mortgage industry knowledge: “You do not know what you do not know!”

Well, let me make sure YOU do not suffer the same fate as many others. NO EXCUSES! All the advice you need to become an savvy Mortgage Consumer is Right Here!

You probably have no idea where to start. Let me help you.

First, you are getting mortgage advice from an expert inside the mortgage world. My name is The Mortgage Insider Ewing and I have 10 years in the industry. I am the only author and write all the articles here so you can be sure you’re getting the truth about mortgages from a professional in the trenches.

Isn t that what a website is supposed to be for?

To provide high quality content from folks in the know who can steer you away from all the traps, tricks, and scams waiting for you in an industry known for taking folks to the cleaners. I m sure after you read just one article, you ll know that s exactly what you get here.

So let s get started! Below you find all the Categories of articles on this site click around.

You can t help but learn something here! This way after reading our website you ll be fully armed when it comes to shopping, negotiating, and closing your next home loan and you ll do it with a lot less hassle and expense.

Definitions of Mortgage Terms

At any time you do not understand a term, check out our Mortgage Definitions for a definition and usage inside the industry. It’s also just a great place to start learning!

Mortgage Calculators

After learning about mortgage terms, check out our free online Mortgage Calculators. We provide a Total Monthly Payment Amortization Schedule Calculator, debt consolidation calculator, a home equity loan calculator, a bi-weekly payment calculator, early payoff calculator, and a standard mortgage payment calculator.

Next, you can start perusing some of our insider mortgage advice articles by topic and just work your way through them. Or if you have a mortgage question in need of an answer, use our Mortgage Question and Answer section.

Mortgage Articles

Mortgages will hold mortgage articles on different loan programs including reverse mortgages and their pros and cons.

Foreclosure Articles

Foreclosure has articles on the foreclosure crisis and advice on how to avoid foreclosure. Articles in this topic combined with my Mortgage Servicing Reviews is a great resource for those who are currently looking for advice on foreclosure issues including loan modifications .

Mortgage News Articles

Breaking Mortgage News will keep you abreast of breaking mortgage news stories such as new laws, the mortgage crisis, misleading advertisements, and the recent Federal Reserve rate moves, anything that can help you make better choices.

Bank Articles

Banks and banking news is held in this topic area. We discuss bank failures, bank bailouts, and all the other import happens with banks as understand banks is an integral part of understand the mortgage business.

Fannie Mae and Freddie Mac Articles

In our “Fannie Freddie ” topic you will find many articles on the happenings inside the two GSEs responsible for prime credit mortgage securitization called Fannie Mae and Freddie Mac.

Treasury Department Articles

The Treasury Department Topic holds all of our articles on the moves of the Treasury Department which in today’s bailout world are many.

Federal Reserve Articles

The Federal Reserve Topic has articles on the activities of the Fed, it’s Chairman, and the FOMC as it pertains to the mortgage market and mortgage rates.

Mortgage Reviews

Mortgage Reviews holds mortgage company reviews, rankings, and ratings. Both mortgage lender and servicing companies are reviewed and included contact information since many folks need to contact theses companies for a new loan or to work out loan modifications. Also you can check out our Top Five section as well.

Mortgage Rate Articles

Mortgage Rates contains mortgage articles and mortgage advice on rates and how they are quoted (often falsely) and inappropriately disclosed when purchasing or mortgage refinancing .

Home Equity Loan Articles

Equity Loans includes mortgage advice on what is involved with tapping your equity through home equity loans or second mortgages.

Mortgage Fraud Articles

Mortgage fraud is being committed at much higher rates and borrowers are tricked into participating in mortgage fraud. We are hear to make sure you are not one of them.

Credit Articles

You can also learn about mortgage credit and mortgage insurance. And how to maximize your credit and save money on insurance costs.

Tutorial Articles

You can also learn about a number of mortgage shopping skills in my Tutorials area. Articles in the category are in-depth how to based articles.

Housing Articles

Get all this “inside” mortgage advice and information on what really happens behind the scenes not only in the mortgage market but also in the housing market too. All Free!

Mortgage Insider Answers Service

Lastly, if you can not find an answer to a question you have, check out the Ask a Question on the top menu bar to learn about the service and find Answers in different Topics like, Foreclosure. Mortgages. and Real Estate .

I have been answering reader questions for months now and doling out advice there. If you still can not find an answer, use our form at the top of the pages to Ask a Question! and you will have your answer in 24-48 hours.

Our Free Quote Service

Get 4 quotes (and only 4) from the nations best mortgage providers using our free, secure, quote service.

You pick the best offer!

Thanks again for visiting our site.


Ideal Home Loans Mortgage Review – Mortgage Insider #government #home #loans


#ideal home loans
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Ideal Home Loans Mortgage Review

Ideal Home Loans is a mortgage lender located in Colorado. We uncovered phone numbers and a website.

Ideal Home Loans Website and Phone Contacts

Address:Los Angeles, CA 90053-0032

Ideal Home Loans Mortgage Review

According to their website:

Ideal Home Loans was started in 2001 by Scott Weibel. Born and raised on the eastern plains of Colorado, Scott brought a work ethic and sense of ethics that being raised in farm country instills. Over the years the number of partners grew to include Brent Ivinson.

We are depending on you, our readers, to let us know what you think of Ideal Home Loans mortgage rates and service. Input a comment below and give us your thoughts.

Ideal Home Loans Mortgage Complaints

The Mortgage Insider has not used this company for a mortgage nor did we establish a broker-lender relationship with them either, so we have no complaints.

Company Ratings on Ideal Home Loans

Read visitor reviews in the comment section along with individual ratings. The comment section holding the reviews on the company is right below. If you do not see a comment below this means no one has completed a rating yet. You could be the first! Tell us about any problems, fraud, or scams. We would really like to hear your experience, good or bad, with this company, so add your comments by typing in what you think in the comment text box and then hit submit. Once your comment passes moderation, your review will appear.


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Personal Loans Online: Your Best Options – Business Insider #construction #loans


#loan deals
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Personal Loans Online: Your Best Options

Recent Posts

Let’s say you need a personal loan to fund an upcoming honeymoon, apartment renovation, minor surgery not covered by your insurance, etc. There are a wide variety of options available to you online. Here are some of the easiest routes, plus one route to avoid altogether:

0% Intro APR credit cards:  For the individual who needs money in a relatively short amount of time, and wants a minimum amount of work to get it, the introductory rate credit card can make a lot of sense. Click here to see Outlaw ‘s top-rated 0% introductory rate card offers. Many of the cards featured in our deals ranking system provide a decision on your application within 60 seconds in most cases, which makes the process of getting money very simple. Treat your new card as a “personal loan funnel,” but make sure to pay off the WHOLE balance before your introductory rate expires, otherwise you could end up paying a relatively high interest rate. I don’t like to give banks my hard-earned money, so I avoid interest charges whenever possible.

Peer-to-peer lending sites:  This is another popular option for obtaining a personal loan online. The process is typically a bit more involved than applying for a credit card; you’ll submit a similar amount of information, but then the lending site’s credit department will likely contact you during the week for supporting documents — this doesn’t always happen, but when I tried one of these sites for review purposes, they contacted me. Before listing your loan in their community and allowing their vast pool of users to contribute to your loan request, they want to make absolutely sure that your identity is verified, that you earn as much as you claim to, and that your credit history is free of defaults and other derogatory marks. (You can sometimes get a loan on a peer-to-peer lending site even with bad credit, by the way, but you’ll definitely pay for the privilege: interest rates for borrowers with “average” or subpar credit scores can be quite high on these sites.)

Bank-to-person personal loans:  Many of the nation’s largest banks now offer a simplified process for applying for a personal loan right through their web site, instead of applying at a branch. As with a peer-to-peer lender, the bank will typically review your credit history and credit score — and seek to verify your income — before approving you. Unlike a 0% introductory rate card offer, you will be charged an interest rate, typically starting on day one of the loan. The interest rate will vary based on your level of creditworthiness, and repayment of the loan is typically done via monthly direct debit from one of your checking accounts on a pre-agreed to repayment schedule. I consider this a “so-so” option for those seeking personal loans. If you have great credit, I believe using an introductory rate card or going with a big peer-to-peer lending network may be a less expensive option. But an online personal loan from a large bank is a solid option for those with decent to very good credit. Additionally, excellent online account management features and rapid transfer of the borrowed funds into your designated checking account make this option more attractive.

“Rapid loans” and payday loans: These are the ones to avoid, folks. These personal loans typically come from companies you’ve never heard of. They have in-your-face marketing styles and one of their core selling points is that you can get money very quickly. even with a flawed credit history. The interest rates for these kinds of online loans is often VERY high. I simply don’t recommend going this route, ever. Of course, if you truly are hard up for money and need a loan to keep your power on or something — and you lack the positive credit history to secure a competitive loan from a reputable bank or card company — this might appear to be your only option.

It’s not.

Before boxing yourself into an AWFUL loan repayment agreement that might exact a “pound of flesh,” so to speak, consider seeking the most truly personal kind of personal loan: ask for money from a friend, co-worker, or family member. Offer clear repayment terms (example: full repayment within 12 months, at 6% interest) and let your friend or family member know this is a LOAN, not a gift or a request for a hand-out. Offer to sign a contract laying out the repayment terms.

Going with an old-school personal loan, rather than an impersonal “payday loan” company, could save you thousands of dollars in interest charges and fees.

David blogs about personal finance and bank deals at Credit Card Outlaw .

Read the original article on David Seaman Online. Copyright 2012.


How To Pay Student Loans Faster – Business Insider #buisness #loans


#fast student loans
#

17 Tips For Quickly Paying Down Student Loans, From Someone Who Paid Off $74,000 In 2 Years

Stringer / Getty Images

When Matthew Burr finished his master’s degree in 2011, he figured he owed about $50,000.

But he was in for a surprise. “The number was almost $15,000 more than I’d previously estimated,” he remembers.

Between the $65,000 from 18 months working on a master’s degree in Human Resources and Industrial Relations from the  University of Illinois School of Labor and Employment Relations, and about $9,000 remaining from his undergraduate debt, he was nearly $74,000 in the red.

“I wasn’t going to be one of those statistics where the loan balloons to $150,000 with interest,” Burr recalls. “Right out of grad school, I got a job as a human resources manager at a paper mill with a starting salary of about $80,000, plus a sign on bonus and relocation. I didn’t even wait the six-month grace period to start paying off my loans.”

In 2012, he managed to repay more than $42,000. The next year he paid off nearly $27,000, and finally, this year, he paid back the remaining $5,000.

In two years, 31-year-old Burr was completely free of student loan debt. “I paid a grand total of $4,913.69 in interest in 23 months, saving thousands of dollars over the next 25 years,” he says.

How did he do it? Below, Burr shares 17 tips that helped him pay off his student loans.

1. Don’t ignore the debt. “Just because you don’t see it doesn’t mean it will magically be repaid for you,” cautions Burr.

2. Read the fine print and know the repayment guidelines. “I read through my grad school loans after the fact and owed nearly $15,000 more than I expected,” he recalls. “You need to know when your payments are due, how much the minimum payment is, and how much you plan to pay each month before you sign.”

3. Be prepared to sacrifice in order to meet your goals. Burr recommends setting a timeline of how much you’ll pay, and then doing whatever you must to stick to it. “I own a TV that’s 15 years old,” he says. “I don’t have an XBox or Playstation, BluRay DVDs, or VIP cable. I don’t have the $200 a month cell phone plan. I didn’t go without by any means, but I set my goal and knew I needed to make the sacrifice for a few years.”

4. Keep your contact information current. “The first thing I did when I graduated was go online and change my address from student housing to my new home on my credit cards, banking, and student loans,” he says. “Most things will probably be emailed to you, but you don’t want to miss something in the mail when your college email is turned off.”

5. Make more than minimum payments every chance you get. “I was paying almost four times the minimum payment because it was important to me to achieve the goal that I set,” remembers Burr. “I looked at the student loan site every day and watched the interest accrue, and the more I knocked the base down, the less I would pay in interest.”

Matthew Burr Matthew Burr paid off nearly $74,000 of student loans in less than two years.

6. Start paying immediately. If you can, don’t wait for the six-month grace period to end to make payments, advises Burr. “As soon as I got my first check, I made a payment. You’ll pay less interest if you start making payments in a hurry, and it gets you into a routine. If you’re disciplined up front, you’ll be far ahead of everybody else.”

7. Pay more than once per month if possible. “The more often you pay, the more you’ll be able to knock your interest down,” Burr explains. “I tried to keep it at zero as much as I could.” And while it’s advisable to check with your lender to make sure you aren’t tripped up by any limits on payment frequency, Burr says that even though he sometimes paid six or seven times a month, he never ran into any limits.

8. Live well below your means. “When I got out of grad school, I basically doubled my salary. I’d never had that kind of income before, but I put the extra towards my loans,” he says. “Debt is stress, and when you don’t have it, it’s one less thing you have to worry about.”

9. Set a strict cash budget. “Know where you’re spending all of your money,” advises Burr. “I limited myself to $40 a week cash, which was a pretty strict budget.” And for that matter, he says, ask for help setting up your budget if you’ve never done it before. “I came out of school with a business degree so I was familiar with budgets, but I know many people aren’t,” says Burr. He points out that there are templates on Excel and Quickbooks, not to mention apps like LearnVest. Mint. or Toshl .

10. Don’t carry balances on credit cards. “The interest on credit cards will get you, too,” says Burr. “You need all your money to spend on student loans, so you shouldn’t be spending on credit card interest.”

11. Don’t buy a new car if you don’t need one. “Waiting two or three years to purchase a new car will allow you to make additional payments on student loans,” Burr says. “I bought my car in late 2007 and paid it off before I even went to grad school.”

12. Look for cheaper places to live while you are paying down debt. “Cost of living is an expense to consider,” says Burr, who lives outside of Milwaukee, Wisconsin. “I didn’t take a job in New York, Chicago, or Los Angeles. Should you?”

13. Learn to negotiate. “This could mean salaries, sign on bonuses, relocation, or lower interest rates,” Burr says. “I negotiated my salary and sign on bonus and bumped them up a couple thousand dollars, then was able to put my bonus and relocation straight to my loans.”

14. Track your payments closely. Burr, who found that watching his declining balance was enough motivation to keep up his payments, recommends using a third-party site to manage payments (like Tuition.io ), or getting familiar with your lender’s website.

15. Take advantage of discounts. There are potential discounts for repayment, automatic monthly deductions, and loan consolidation. “Simply signing up for automatic deductions — saying they could take the money straight from my bank account once a month — got me a discount of 0.25%,” Burr remembers.

16. Pay off the highest-interest-rate loans first. “You’re paying the most on those loans, so you’ll want to get those paid off,” he says. “That goes for anything, like credit cards or car loans.”

17. Set achievable milestones, and reward yourself as you reach them. “I had six loans, so I would focus on paying the one with the highest interest down first and know it was finished,” Burr says. While he admits that he didn’t really reward himself — “seeing the balance at zero was enough reward for me” — it’s a good idea to celebrate the milestone to keep your motivation high.

SEE ALSO: Putting An Extra $25 A Week Toward Student Loans Could Change Your Life


Consolidating Student Loans Could Simplify Your Monthly Bills – Business Insider #student #loan #consolidation #calculator


#consolidating student loans
#

See Also

If you’ve taken out multiple student loans to pay your way through school, you likely have a handful of payments to make each month, with different interest rates or from different providers.

Student loan consolidation is an easy way to boil those bills down into only one or two.

Consolidating your loans simply means gathering all of them into one new loan, with one interest rate, requiring one payment.

When Brendon McQueen, the founder of student loan debt management app Tuition.io. graduated in 2009, he was paying seven separate loans. Since then, he’s consolidated his public loans (but left his low-interest private loans alone), narrowing seven payments a month down to three.

Aside from reducing the number of bills you need to pay each month, there’s another potential advantage to consolidating: It can reduce your monthly payment.

It is important to note that consolidating won’t necessarily reduce your overall payment. When you swap your existing loans for a new, consolidated loan, you might extend the repayment period, which reduces your immediate payments but means you’ll ultimately pay more over the life of the loan.

Whether consolidation is advantageous really depends on your situation. If you’re overwhelmed by paying more than one lender, or if you’re able to get a lower interest rate that’s more manageable with your current situation, consolidation might be a good option for you. Bear in mind, though, that since consolidating your loans means swapping them for a new one, that new loan may have different terms than the ones you have now — so be sure to understand exactly how it will work before making your consolidation official.

If you choose to go this route, there’s one key question you should ask: Are you holding public (federal) loans, private loans, or both?

Think of public and private as two wheels on a bicycle: They work together to keep you riding, but they’re independent parts, spinning on their own. It’s the same for consolidation.

Public consolidation

Consolidating public loans can be done through what’s called a “direct consolidation loan.” A list of loans eligible for direct consolidation is available at Studentaid.ed.gov.

“On the federal consolidation side, they take a blended average of your existing interest rates and fold them up into a single federal loan,” explains McQueen. “In certain instances, if you have a loan with an incredibly low interest rate, you may not choose to include that loan in your consolidation package because it would affect the interest.” He also points out that once your loan is altered under direct consolidation, it’s open to federal repayment options like PAYE (Pay As You Earn). one of the government’s income-based payment plans.

To apply to consolidate your public loans, visit Studentloans.gov .

Private consolidation

In this case, “private” refers both to the type of loans you’re consolidating and the bank doing the consolidation. Public and private loans can’t be combined into one single loan, but a private lender will be able to consolidate your remaining loans for you. To determine your interest rate, though, the lender won’t be using a blended average like with public loans. Instead, your rate will be based on indications of financial responsibility like your credit score .

FinAid.org lists a handful of lenders who may be able to help consolidate private loans.


How To Pay Student Loans Faster – Business Insider #private #student #loans #without #cosigner


#fast student loans
#

17 Tips For Quickly Paying Down Student Loans, From Someone Who Paid Off $74,000 In 2 Years

Stringer / Getty Images

When Matthew Burr finished his master’s degree in 2011, he figured he owed about $50,000.

But he was in for a surprise. “The number was almost $15,000 more than I’d previously estimated,” he remembers.

Between the $65,000 from 18 months working on a master’s degree in Human Resources and Industrial Relations from the  University of Illinois School of Labor and Employment Relations, and about $9,000 remaining from his undergraduate debt, he was nearly $74,000 in the red.

“I wasn’t going to be one of those statistics where the loan balloons to $150,000 with interest,” Burr recalls. “Right out of grad school, I got a job as a human resources manager at a paper mill with a starting salary of about $80,000, plus a sign on bonus and relocation. I didn’t even wait the six-month grace period to start paying off my loans.”

In 2012, he managed to repay more than $42,000. The next year he paid off nearly $27,000, and finally, this year, he paid back the remaining $5,000.

In two years, 31-year-old Burr was completely free of student loan debt. “I paid a grand total of $4,913.69 in interest in 23 months, saving thousands of dollars over the next 25 years,” he says.

How did he do it? Below, Burr shares 17 tips that helped him pay off his student loans.

1. Don’t ignore the debt. “Just because you don’t see it doesn’t mean it will magically be repaid for you,” cautions Burr.

2. Read the fine print and know the repayment guidelines. “I read through my grad school loans after the fact and owed nearly $15,000 more than I expected,” he recalls. “You need to know when your payments are due, how much the minimum payment is, and how much you plan to pay each month before you sign.”

3. Be prepared to sacrifice in order to meet your goals. Burr recommends setting a timeline of how much you’ll pay, and then doing whatever you must to stick to it. “I own a TV that’s 15 years old,” he says. “I don’t have an XBox or Playstation, BluRay DVDs, or VIP cable. I don’t have the $200 a month cell phone plan. I didn’t go without by any means, but I set my goal and knew I needed to make the sacrifice for a few years.”

4. Keep your contact information current. “The first thing I did when I graduated was go online and change my address from student housing to my new home on my credit cards, banking, and student loans,” he says. “Most things will probably be emailed to you, but you don’t want to miss something in the mail when your college email is turned off.”

5. Make more than minimum payments every chance you get. “I was paying almost four times the minimum payment because it was important to me to achieve the goal that I set,” remembers Burr. “I looked at the student loan site every day and watched the interest accrue, and the more I knocked the base down, the less I would pay in interest.”

Matthew Burr Matthew Burr paid off nearly $74,000 of student loans in less than two years.

6. Start paying immediately. If you can, don’t wait for the six-month grace period to end to make payments, advises Burr. “As soon as I got my first check, I made a payment. You’ll pay less interest if you start making payments in a hurry, and it gets you into a routine. If you’re disciplined up front, you’ll be far ahead of everybody else.”

7. Pay more than once per month if possible. “The more often you pay, the more you’ll be able to knock your interest down,” Burr explains. “I tried to keep it at zero as much as I could.” And while it’s advisable to check with your lender to make sure you aren’t tripped up by any limits on payment frequency, Burr says that even though he sometimes paid six or seven times a month, he never ran into any limits.

8. Live well below your means. “When I got out of grad school, I basically doubled my salary. I’d never had that kind of income before, but I put the extra towards my loans,” he says. “Debt is stress, and when you don’t have it, it’s one less thing you have to worry about.”

9. Set a strict cash budget. “Know where you’re spending all of your money,” advises Burr. “I limited myself to $40 a week cash, which was a pretty strict budget.” And for that matter, he says, ask for help setting up your budget if you’ve never done it before. “I came out of school with a business degree so I was familiar with budgets, but I know many people aren’t,” says Burr. He points out that there are templates on Excel and Quickbooks, not to mention apps like LearnVest. Mint. or Toshl .

10. Don’t carry balances on credit cards. “The interest on credit cards will get you, too,” says Burr. “You need all your money to spend on student loans, so you shouldn’t be spending on credit card interest.”

11. Don’t buy a new car if you don’t need one. “Waiting two or three years to purchase a new car will allow you to make additional payments on student loans,” Burr says. “I bought my car in late 2007 and paid it off before I even went to grad school.”

12. Look for cheaper places to live while you are paying down debt. “Cost of living is an expense to consider,” says Burr, who lives outside of Milwaukee, Wisconsin. “I didn’t take a job in New York, Chicago, or Los Angeles. Should you?”

13. Learn to negotiate. “This could mean salaries, sign on bonuses, relocation, or lower interest rates,” Burr says. “I negotiated my salary and sign on bonus and bumped them up a couple thousand dollars, then was able to put my bonus and relocation straight to my loans.”

14. Track your payments closely. Burr, who found that watching his declining balance was enough motivation to keep up his payments, recommends using a third-party site to manage payments (like Tuition.io ), or getting familiar with your lender’s website.

15. Take advantage of discounts. There are potential discounts for repayment, automatic monthly deductions, and loan consolidation. “Simply signing up for automatic deductions — saying they could take the money straight from my bank account once a month — got me a discount of 0.25%,” Burr remembers.

16. Pay off the highest-interest-rate loans first. “You’re paying the most on those loans, so you’ll want to get those paid off,” he says. “That goes for anything, like credit cards or car loans.”

17. Set achievable milestones, and reward yourself as you reach them. “I had six loans, so I would focus on paying the one with the highest interest down first and know it was finished,” Burr says. While he admits that he didn’t really reward himself — “seeing the balance at zero was enough reward for me” — it’s a good idea to celebrate the milestone to keep your motivation high.

SEE ALSO: Putting An Extra $25 A Week Toward Student Loans Could Change Your Life


Embrace Home Loans Review – Mortgage Insider #personal #loans #with #bad #credit


#embrace home loans
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Summary:

Embrace Home Loans, headquartered in Newport, Rhode Island, originates mortgages in just about every state. Our Embrace Home Loans review of the company and their website are below.

Embrace Home Loans Review

We noticed the name change from AFS to Embrace. According to their President, Kurt Noyce, the reason for the change is expansion related. In other words, their old name was not available in the states they wanted to move into and so if they wanted to build a brand, they would have to change their name.

According to HUD figures in 2011, they had about 165,000 apps totaling almost $22.7 billion in total volume with the bulk of that being refinance business. FHA applications were about 3 times that of the other applications.

Wow This is a BIG company.

Hear Kurt Noyce discuss the industry and his company on Terry Bradshaw s interview show

I checked out their licensing on NMLS and here is where they are currently licensed:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Dist. of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, and Wisconsin.

According to their website :

We ve helped hundreds of thousands of people just like you. We ll work with you to achieve your financial goals no matter what season of life you re currently in. It might sound old fashioned, but our customer-centric approach is the main reason we re one of the fastest growing mortgage lenders in the nation. It s an approach our customers genuinely appreciate. You could even say they embrace it.

Embrace Home Loans Review Website

Reviewed by The Mortgage Insider on March 18, 2011.

The Embrace Home Loans website is a professional looking modern site that clearly is designed to impress visitors. It has video which is rare on mortgage websites.

The Embrace Home Loans website is one of the best I have reviewed. They covered all the bases a good visitor experience with an understandable menu, fast loading pages, and a search box and toll free number prominently displayed at the top right of each page. The have the SSL certificate in place necessary to take secure online applications and very pleasant set of rotating photos in there marquee area.

Most mortgage websites have rates posted but read the fine print. It depends on your loan amount, credit score, etc. And also look for the date the mortgage rates were posted. Sometimes a company does not update their rates so you end up looking at information days or weeks old.

My Rating: 4 out of 5 stars.

Embrace Home Loans Contact Information

Website: www.embracehomeloans.com

Phone: 800-620-6292

Headquarters Address: 25 Enterprise Center, Newport, RI 02842


Consolidating Student Loans Could Simplify Your Monthly Bills – Business Insider #i #need #a #loan


#consolidating student loans
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See Also

If you’ve taken out multiple student loans to pay your way through school, you likely have a handful of payments to make each month, with different interest rates or from different providers.

Student loan consolidation is an easy way to boil those bills down into only one or two.

Consolidating your loans simply means gathering all of them into one new loan, with one interest rate, requiring one payment.

When Brendon McQueen, the founder of student loan debt management app Tuition.io. graduated in 2009, he was paying seven separate loans. Since then, he’s consolidated his public loans (but left his low-interest private loans alone), narrowing seven payments a month down to three.

Aside from reducing the number of bills you need to pay each month, there’s another potential advantage to consolidating: It can reduce your monthly payment.

It is important to note that consolidating won’t necessarily reduce your overall payment. When you swap your existing loans for a new, consolidated loan, you might extend the repayment period, which reduces your immediate payments but means you’ll ultimately pay more over the life of the loan.

Whether consolidation is advantageous really depends on your situation. If you’re overwhelmed by paying more than one lender, or if you’re able to get a lower interest rate that’s more manageable with your current situation, consolidation might be a good option for you. Bear in mind, though, that since consolidating your loans means swapping them for a new one, that new loan may have different terms than the ones you have now — so be sure to understand exactly how it will work before making your consolidation official.

If you choose to go this route, there’s one key question you should ask: Are you holding public (federal) loans, private loans, or both?

Think of public and private as two wheels on a bicycle: They work together to keep you riding, but they’re independent parts, spinning on their own. It’s the same for consolidation.

Public consolidation

Consolidating public loans can be done through what’s called a “direct consolidation loan.” A list of loans eligible for direct consolidation is available at Studentaid.ed.gov.

“On the federal consolidation side, they take a blended average of your existing interest rates and fold them up into a single federal loan,” explains McQueen. “In certain instances, if you have a loan with an incredibly low interest rate, you may not choose to include that loan in your consolidation package because it would affect the interest.” He also points out that once your loan is altered under direct consolidation, it’s open to federal repayment options like PAYE (Pay As You Earn). one of the government’s income-based payment plans.

To apply to consolidate your public loans, visit Studentloans.gov .

Private consolidation

In this case, “private” refers both to the type of loans you’re consolidating and the bank doing the consolidation. Public and private loans can’t be combined into one single loan, but a private lender will be able to consolidate your remaining loans for you. To determine your interest rate, though, the lender won’t be using a blended average like with public loans. Instead, your rate will be based on indications of financial responsibility like your credit score .

FinAid.org lists a handful of lenders who may be able to help consolidate private loans.


LoanDepot Mortgage Review – Mortgage Insider #home #loans #comparison


#loan depot
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Summary:

LoanDepot.com, LLC, headquartered in Foothill Ranch, CA, is a leading lender. Our LoanDepot mortgage review of the company and their website are below.

LoanDepot Mortgage Review

According to a launch press release from early 2010, their CEO, Mr Hseih, opened loanDepot as the answer to the mortgage crisis in that he sought to open a firm that understands the new regulatory landscape with new loan officer licensing requirements, new background checks, and new education requirements in some states and is dedicated to not only operating inside this more challenging environment, but expanding as well.

loanDepot was licensed in 18 states, but since acquiring imortgage and most recently, Mortgage Master they are now able to originate mortgages in every state. To read our reviews of those companies, click on the links. They also have a wholesale mortgage company called LDWholesale. Wholesale lending is providing funds to brokers to close loans.

Mr. Hseih is best known in the industry for building two separate companies that eventually became E*Trade Mortgage and Lending Tree Loans both publicly traded, well respected mortgage firms.

Here s a video with more background on Anthony Hsieh

Their website says ,

Excellence

Customer Care

We strive to exceed customer expectation through dynamic listening and timely responses. We consistently educate our customers and seek to continuously improve our service.

LoanDepot Mortgage Review Website

The loanDepot website is what you would expect from a company dedicated to technology in the mortgage industry. The site is lightening fast with all the necessary features to instill confidence for online originations. There are several different ways to get in touch with them either to discuss your options or get a rate quote.

Listed on every page is their 5 Year loanDepot Guarantee which says if you close a mortgage with loanDepot and want to refinance within 60 months, they will waive the lender fees up to a certain dollar amount and give you a free appraisal.

Their knowledge Cafe actually has quite a lot of information in it. Sometimes you see mortgage websites with learning resources but they are pretty thin on the content, but these are well written and provide a great deal of information. I give this website 5 out of 5 stars.

Loan Depot Website and Phone Contacts

Website: www.loandepot.com

Phone: (888) 983-3240

Additional Phone Numbers: (877) 420-4526

Address: 26642 Towne Center Drive Foothill Ranch, CA 92610

loanDepot Recent News

Nonbank consumer lender loanDepot announced it is officially acquiring Massachusetts-based Mortgage Master, creating a combined company with 130 retail lending branches across the country, four web production centers and 3,700 full-time associates.

In addition, the two companies would combine to have more than 1,200 licensed loan officers serving borrowers in all 50 states, helping to fill the void left behind as big banks continue to reduce mortgage market share.

With the two companies together, they closed $1.75 billion in the month of October, 2014. They are also on track to start providing personal loans in early 2015.

April 21st, 2015,

In an interview with HousingWire, loanDepot CEO and Founder Anthony Hsieh said the company is getting ready to launch its latest product, personal loans.

This would make loanDepot one of the first mortgage lenders to offer marketplace lending and take a substantial step outside the world of housing.

Within the next month, loanDepot will start to offer unsecured personal loans, ranging from $5,000 to $35,000, that are repayable in three- or five-year terms. Interest rates will be as low as 6.17% for qualified borrowers with an average anticipated FICO score of 700. Borrowers can use the loans for almost anything.

Loan Depot Ratings and Complaints

BBB reports as of 11/14, 152 complaints closed with BBB in last 3 years | 83 closed in last 12 months with an A+ rating. They give the reason for the rating in part because the number of complaints compared to the size of the company and the resolution of those complaints.

Thanks for visiting!

The Mortgage Insider

PS if you are a representative of loanDepot and would like additional information added to this review, contact me .

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