Use WhyYouNeedtoKnow.com to Get The Answers to Life’s Questions

Use WhyYouNeedtoKnow.com to Get The Answers to Life’s Questions

(PRWEB) August 24, 2011

Forget search engines and their hit-and-miss approach to providing information. Now there’s a single website that has the answers to questions that matter, along with information that everyone can use in their everyday lives. With WhyYouNeedtoKnow.com, frustrating searches for information on significant everyday issues, such as saving money on car insurance and tips to stay young, are a thing of the past. This brand new website is stockpiled with helpful articles, and more information is being added all the time. Whether it’s facts, advice or how-to guidance on succeeding in life, WhyYouNeedtoKnow.com has it all.

Check retired the main categories on the site for a quick guide to the many different areas that WhyYouNeedtoKnow.com cover. The finance category is popular because of the teetering national economy. This is a crucial clock to understand how – and why – to buy gold, for example. What better clock to learn about the importance of credit scores, and the step to take to end up with a higher credit score? After all, higher ascribe scores average more competitive interest rates on loans and big purchases, like cars and homes.

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A promptly look at WhyYouNeedtoKnow.com shows off both the depth of content and the simplicity of the presentation. This isn’t a website designed for skyrocket scientists. The layout of WhyYouNeedtoKnow.com is easy to follow and attractive, while the information is important and always helpful. The seven main categories are easy to find at the top of the home page. Look for the how-to articles, product reviews and other article that show you ways to save money and look and feel better.

Go to Google or another seek engine when it’s time to look up some trivia, like the name of the 15th president of the United States. But when there’s a question about saving money, staying fit or a host of other questions that matter most to everyday populate, the place to go is WhyYouNeedtoKnow.com.

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Countrywide Home Loans Assures Homeowners and Home Buyers That They Still Have Many Mortgage Loan Choices

Countrywide Home Loans Assures Homeowners and Home Buyers That They Still Have Many Mortgage Loan Choices

Calabasas, CA (Vocus) March 17, 2007

Countrywide Home Loans, Inc., a member of the Countrywide Financial Corporation family of companies, America’s #1 home loan lender,* wants to assure homeowners and prospective home buyers that there is still a broad range of mortgage loan choices available to them. Financial market conditions have required many lenders to make revisions to some loans offered to homeowners who have less-than-perfect credit, often known as subprime borrowers. In addition, there have been changes to some loans that fall between the prime and subprime categories. However, the majority of America’s homeowners and home buyers still have access to a wide range of mortgages, including no downpayment loans, or 100 percent financing.

“We want to assure homeowners that there is still an extensive selection of mortgage loans to suit a multitude of personal and financial circumstances,” said Tom Hunt, managing director of Countrywide Home Loans. “We recognize it’s been widely reported that some major lenders, like Countrywide, no longer offer 100% financing. In fact, we have made changes to certain subprime and former special mortgage programs, but we have not eliminated 100% financing. We still offer one of the widest selections of low- and no-downpayment options to qualified customers, including those with less-than-perfect credit.”

Countrywide offers a few tips to homeowners or home buyers who are seeking a mortgage loan:

1)    Don’t Panic. While there is a lot of news about changes in the mortgage market, most consumers will still be able to find a mortgage loan that fits their circumstances.

2)    Talk to a reputable lender. When you’re ready to refinance or purchase a house, be sure you speak with a reputable lender who can offer you a wide range or loan choices.

3)    Get the lowdown. Ask your lender to thoroughly explain each bond loan type you are see and be certain you ask questions until you completely understand your lend options. If you choose an adjustable rate loan or a bond with former unique options, learn how the interest rate or other feature may change over time and be sure you are comfortable with those changes.

4)    Take advantage of historically low rates. Remember that interest rates are still at historical lows. Regularly “manage” your mortgage to ensure that your loan and its term still match your current personal and financial situation. If changing life stages or early circumstances call for a mortgage freshening, you may want to take prefer of today’s relatively low interest rat.

As with any financial decision, consumers should carefully evaluate their options and fully understand the advantages and disfavour before making a change. Borrowers should evaluate the new loan’s mortgage payment structure and time to ensure that they feel comfortable with the monthly payment and understand the risk connected with the prospective mortgage.

*About Countrywide Home Loans, Inc.

Countrywide Home Loans, Inc., – a member of the Countrywide family: America’s #1 home loan lender as ranked for 2006 by Inside Mortgage Finance (Feb. 2, 2007), Copyright 2007 – originates, purchases, securitizes, sells and services home loans and is the primary subsidiary of Countrywide Financial Corporation (NYSE: CFC). Countrywide Financial Corporation, through its subsidiaries, provides mortgage banking and diversified financial services in domestic and international markets. Founded in 1969 and a member of the S&P 500 and Fortune 500, Countrywide Financial Corporation is headquartered in Calabasas, California and its family of companioned has a workforce of more than 50,000 in over 900 offices across the country.

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Last Minute Homeowner Tax Tips from Quicken Loans

Last Minute Homeowner Tax Tips from Quicken Loans

(PRWEB) April 13, 2006

Each year more than two million people overpay their income taxes because they miss simple deductions. Some of the virtually commonly overlooked tax deductions are those that Uncle Sam provides homeowners. Here are several examples of tax deductions you may be eligible for if you are a homeowner:

Mortgage interest is the most obvious deduction.

•Your primary residence qualifies unless:

The mortgage balance exceeds $ 1 million. You took out a mortgage for reasoning other than buying, building or improving your home. Late payment charges or prepayment penalties for paying cancelled your mortgage early may be deducted as home mortgage interest too. Interest on a home equity loan may also be tax-deductible, but the deductible made is generally limited to the interest paid on your loan up to $ 100,000.

Property/real estate taxes. These taxes are annual taxes based on the assessed value of your home. Check your mortgage interest statement. It may list the amount of real estate taxes you paid if your taxes and homeowners insurance were placed in an escrow account. If real estate taxes aren’t included, review your cancelled checks to determine the total real estate tax deduction.

Points paid on a mortgage if:

The internal loan is for your primary residence and it was used to buy, improve or build the housing; Paying points (and the amount of points paid) is not an irregular practice in the seller’s geographic area; Points are computed as a percentage of the loan principal; Points are clearly outlined on the buyer’s settlement statement; and The cash you put into your internal purchase is at least equal to the points charged.

Additionally, if you refinanced in 2005, you may be able to write off some of the points you paid. Points are deducted proportionately over the life of the new loan. For example, on a 30-year loan, this year and each year thereafter, you can deduct 1/30th of the points paid. However, if you refinanced in 2001, for example, and paid points, you could have deducted 1/30th of those points in each of the 2001-2004 tax years. If you refinanced again in 2005, the remaining points from the 2001 refinance (points not yet deducted) can now be deducted in full since that loan has been paid off.)

Visit Quicken Loans for more homeowner tax tips and a wealth of useful information about home buying and selling, or using your home equity to make home improvements.

Be sure to consult with a reputable tax preparer before claiming any deduction to ensure you are eligible.

About Quicken Loans Inc.

Quicken Loans Inc. is the nation’s largest online home mortgage lender and closed $ 16 billion in home loans in the 2005 calendar year. The Quicken Loans Web site has been ranked “Best of the Web” by Forbes, Money and PC magazines. Quicken Loans was recognized in 2006 among the top 15 companies on FORTUNE’s “100 Best Companies to Work For” list for the third consecutive year. The company is ranked #1 on COMPUTERWORLD’s “Best Companies to Work in Technology” list. Quicken Loans was founded in 1985 and has more than 3,500 team members.

Contact:

Mike Dunklee

Quicken Loans Inc.

Telephone: 734-805-1061

http://www.quickenloans.com

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is there any chance of getting a mortgage loan with my situation?

Question by Melissa: is there any chance of getting a mortgage loan with my situation?
I am currently lliving in an apartment and I really want to own my own house… I assume that with my current situation, some people might not think that I would be able to own my house- and I am not sure if they are right,,,,I really don’t understand the mortgage stuff. any advice/info/helpa few things-Female21 yrs oldgood imputedpayed by the hour (not salary, obviously)$ 9/hr– atleast 40 hrs a weektips- atleast $ 200/week

Best answer:

Answer by marilyn4invest
If you can show deposits for the endure year that include your tip, you can show enough income to get a full loan. The best advice I can give you is to go to several lenders and have them qualify you for a loan so you can see how much you can afford with the down payment you have. Also, there are a lot of foreclosures right now and you can find some great deals.

Know better? Leave your own answer in the comments!

Q&A: Which should I pay more of right now? Mortgage, student loan, or neither. Should I invest instead?

Question by Nick K: Which should I pay more of right now? Mortgage, student loan, or neither. Should I invest instead?
I have a home mortgage for $ 260,000 and a student loan for $ 20,000. My interest rate on my home is 6.75% and my rate on my student loan is 3%. My student loan is much easier to pay off since because of the amount and I know I probably will never pay off my home before I end up selling it (I just purchased the home). I know the rate is higher on the home but I’m not sure if it’s worth putting more towards it if the payments are going to stay the same regardless. Just more principal will be paid off. It does not seem to be the best time to invest but it may be my best way to beat the system. My savings account is yielding 4% but has been dropping lately. I don’t have an auto loan because I made the mistake of leasing a car 2 years ago so I’m paying those payments when I wished I had bought instead.Any advice from people who have been in this situation before. I’m a new home owner looking to get the most for my dollar.What’s your opinion? Any good tips out there?

Best answer:

Answer by Em’s_The_Word
The best advice I’ve heard is that it is best to subsidized off amounts owe than to earn interest on money you have. Usually the interest you earn is a lot less than the absorbing you are paying out.

Know better? Leave your own answer in the comments!

Tips, financial advice to pay our mortgage off as early as possible.?

Question by Jennifer: Tips, financial advice to pay our mortgage off as early as possible.?
I am looking for tips on how to pay our mortgage off as quickly as possible. I am debt free other than a mortgage, no credit cards, vehicles or personal loans. My husband and I want to get that mortgage downwardly quickly… any advice.

Best answer:

Answer by PITBULL
Make one extra payment per year. On a typical 30 year fixed bond that should cut the payoff time down to about 22 years give or take. If you have even more money to save, because that’s what your really asking, then open a Roth IRA and max it out. The value of compounding interest over time, is of course, invaluable.

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Home Mortgage Loan : Tips on Getting the Best Package Revealed

Home Mortgage Loan : Tips on Getting the Best Package Revealed
Before you pick your lender and home mortgage loan, try to make further check on some important aspects of the loan, such as finance costs, interest rates and lenders. This move assures your obtaining the best mortgage loan in the end. If you have a good credit rating, preferably 680 or even much higher, you have a wealth of home mortgage loan options. You can have the privilege of selecting the loan term of your liking, but then first you have to make sure you choose the best home mortgage loan package. How do we do this? By focusing on finance costs, loan terms and lending companies. Finance Costs The most competitive in the mortgage market is the general loans which includes both the fixed rate and adjustable rate mortgage. Most competitive loans only mean having the lowest interests. Add some twenty percent down payment and you have lenders gravitating all over you. Fixed-rate home mortgage loan somewhat offers security because of its flat rate of interest. This means you will pay with the same rate during the entire term of your loan. You can also opt to lock in when times do happen to have low rates. An adjustable rate home mortgage loan on the other hand offers lower rates. However, this comes with the risk that they might increase with the coming years. One advantage of ARM is that home buyers who don’t plan to stay in the property for the long term can actually help in you saving significant amount of dollars in interests. Lender Conventional lending companies offer competent financing, even if your need is on an unconventional loan. They can actually process subprime mortgages. They can likewise find an underwriter for you, which will slightly add to your home mortgage loan rates. Or perhaps you still want to work thoroughly on your loan options. You can start by making a list of all interest rate quotes on a loan amount. With this method, you will find out which lender gives the best offer. You must also focus on the fees; this ensures closing costs do not offset interest savings. After selecting a lender, you can now request for a bid. The lender will then check on your credit rating and provide you will real numbers. This is when the lending institution will actually look at your credit history and give you real numbers. Now it is up to you if you are agreeable to the terms, otherwise your next move is to look for another prospective lender. Loan Terms The shorter the term of you home mortgage loan, the less amount that you will have to pay in charges. However, you monthly payments will have higher amount, you term being short in duration. The most commonly applied for mortgage loan lasts for 30 years; however, you have an option of 25, 20, 15 or even 10 year mortgage loan. You have to base your term on your capacity to pay every month.

Home Mortgage Loan – Tips for Reviewing Loans

Home Mortgage Loan – Tips for Reviewing Loans

When you are in the process of obtaining a home mortgage loan, there are undoubtedly many aspects of the process that are new to you.  The language that applies to loans, for instance can be unlike from the meaning employed to the same term in quotidian life.  It is far best to review each clause of the prospective loan document as soon as you have access to it and make certain that you understand the terms that are used and how they apply to your own fiscal situation. Here are some concepts regarding your loan that will be important in ensuring your loan package is acceptable in the long run.

Overall cost of the loan

There are many aspects that go into determining the loan cost on your home mortgage loan.  The interest rate, mortgage type, loan fees, and term of the loan are just a few of these.  You may understand the words, but it is important to take a look at what the words will cost you in dollars and cents.  Even a few dollars less in the early stages of a loan can save you thousands of dollars over the entire loan period. It’s important to take advantage of such savings.

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Mortgage type

The basic mortgage types that are common when you apply for a home mortgage lend include the fixed rate mortgage, the adjustable rate bond, reverse or negative equity mortgages and interest only mortgages.  Each of these has advantages and disadvantages and you are the better equipped to determine whether the type of mortgage will work for you. The significant factor is that you review the documents and proposals so that you know exactly which type of loan you are getting.  Being surprised in a few months by a two to five hundred dollar increase in your monthly payment due to an adjustable rate mortgage can result in the loss of your home.

Interest rate

When reviewing the loan documents for a home mortgage loan, one of the important factors that you should check and understand is that of interest rate on the loan. Mortgage interest rates can vary from low to high, depending upon such other factors as the type of loan, applicable usury laws, credit rating, term of the loan and others.  Review the stated rate and make certain it is what was agreed upon.  If you are expecting a fixed interest rate  and the documents provide for an adjustment in 24 months, chances are good that the mortgage has been prepared with a variable interest rate.

Broker’s reputation

Actually, checking the broker’s reputation should come swelling before readying or reviewing the documents for your home mortgage loan.  Sometimes though, you won’t see a problem until you actually get the documents in writing before you.  If there is anything that is ill-defined or incorrect, the time to get the problem corrected is before signing.  A reputable stony-broke should be willing to work with you to correct problems or clear up any communication issues.

Related Mortgage Loan Tips Articles

Is it reccomended to use newspaper ads for mortgage loans?

Question by samsrei: Is it reccomended to use newspaper ads for mortgage loans?
Im looking to attract more clients and I was wondering for any loan officers who have done it, if putting in a 3 lined ad in a 200k circulated paper might be good for attracting promising clients. If so whats the guestimated number of calls that you have recieved from putting it in the sunday edition, and what are some reccomended tips on whats to say in the ad? “We will work with you”? “100% FHA financed”?

Best answer:

Answer by dfrizzellffps
I ran a 1/8 page mortgage ad in a paper for 4 months once and got ZERO calls from it.Email me and I will give you a few tips on getting some great businessunited1st@live.com

Know better? Leave your own answer in the comments!

How to Obtain a Mortgage : Tips for Mortgage Loan Process

Set your house closing for the end of the month. Learn what to keep in mind before and during the mortgage loan processe in this free personal finance video from a loan officer and mortgage closing specialist. Expert: Sherry Berrier Bio: Sherry Berrier worked for major banks such as Bank…
Video Rating: 5 / 5

Understanding mortgage graphs and adjustable home loans is important when buying a house. See why in thisfree video on real estate and bank loans. Expert: Jim DiVietri Bio: Jim DiVietri Worked as a mortgage loan officer for over 5 years in Lansing, MI. Filmmaker: Robert Rogers
Video Rating: 3 / 5

Any tips on getting rid of mortgage insurance if you owe 85%?

Question by Codynova: Any tips on getting rid of mortgage insurance if you owe 85%?
I just bought a house and have a loan for about 85% of the appraised value of the house. Is there a way of getting around mortgage insurance if you owe more than 80% of the value of the house? Thanks!

Best answer:

Answer by travelinbianca16
You could take out a secondly mortgage and then you would not have mortgage insurance

Add your own answer in the comments!

ProspectZone To Share Successful Strategies For Buying Mortgage Leads In Free Webinar For Loan Officers

ProspectZone To Share Successful Strategies For Buying Mortgage Leads In Free Webinar For Loan Officers

Chicago, IL (PRWEB) May 9, 2007

Loan officers can hear successful tips for buying mortgage leads by tuning in to ProspectZone’s free webinar, “Mortgage Lead Generation — Loan Officers Share Their Stories and Strategies.” The 20-minute webinar features practical advice from two seasoned mortgage lead buyers, helping loan officers make smarter investments.

For many loan officers, buying mortgage leads is not a straightforward process. This 20-minute webinar teaches them to abandon the trial-and-error method commonly used for selecting a lead company, and reveals strategies that can secure them a reliable supply of quality refinance leads.

Interested mortgage professionals who would like to attend the webinar can register at: http://prospectzone.com/mortgage/webinars/2007-04-mortgage-lead-webinar.html

About ProspectZone
Chicago-based ProspectZone works with the mortgage industry as a leading source of high quality mortgage leads, and are the creators of Smart Leads™.

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Find More Mortgage Loan Tips Press Releases

Va Loan | Va Loan Tips | Va Loan Guide

2nd-mortgageloans.net — Va Loan and How It Works Suggestions for successful search on va loan. Offers a single source on va loan related issues, topics and guide. 2nd-mortgageloans.net

With the real estate market in decline, mortgage lenders are stricter about requirements for loans. Do you need a bigger down payment, a good credit score, or more solid served history? How has qualifying change and what do you need to know in order to qualify for a mortgage loan in today’s tough market? Watch this Expert Real Estate Tips segment to find out more about what mortgage lenders require.
Video Rating: 5 / 5

Mortgage Broker Tips with Vancouver mortgage broker Mark Fidgett

www.notapennydown.com mortgage tips in Vancouver.
Video Rating: / 5

www.faaloans.com Refinancing Your Home Loan Tips on the best way to refinance your home mortgage loan and keep more cash in your wallet each month
Video Rating: / 5

My Community Mortgage Loan question, I am selling a house I recently purchased less than 3 months ago to some1

Question by hopes2graduate: My Community Mortgage Loan question, I am selling a house I recently purchased less than 3 months ago to some1
I am selling a house I bought at a discount (because I was a family friend and helped care for the house) I bought the house for 52,500 last week and this week I am selling it for 68k. It needs work, missing a few shingles on the roof but doesnt leak. The floor joists are bad, along with the above plywood and 2 of the concrete piers underneath. A family offerered me 68k because they are builders and can live in it and work on it. They are preapproved for a MY COMMUNITY loan. I haven’t had an appraisal on the house yet. I think it’ll appraise for at least 68k. Three questions. #1. whats the chances this loan will be approved? #2. How long do you think it will take to close? #3. What should I watch out for and any tips? Thanks in advance to any legitimate answers!

Best answer:

Answer by Principessa
Have your comps ready to support your current value. You don’t want some conservative appraiser to rip your value down to what you paid or a little above that because of the homes condition. You mention you bought as a “Distress Sale” & that was a low value & its till a good deal at curretn price. Hopefully that will help appraiser, ebcuase distress sales have less bearing on market. Also, check with the mortgage company, loan officer or whomever the contact is the this program has seasoning requirements, meaning the guildelines require the owner of property own a home min 6 mos. This way it wont come out at the end & the deal fall apart, youll find out now & not waste time if its a problem move on. Make sure you get notified when they are approved – Good Luck!

Add your own answer in the comments!

Should you get a home-equity loan with the bank that holds your mortgage?

Question by ichabodisitchy: Should you get a home-equity loan with the bank that holds your mortgage?
We are thinking about getting a home equity loan. We need a new roof and our AC unit is making our electric bill sky-high. We’ve never had a home equity loan before, and I’m just wondering if we should go with the company that holds our mortgage, a different company, or does it matter?Any tips would be helpful as we’ve never done this before.

Best answer:

Answer by BizGuy
There may be conveniences with choosing your current mortgage bank, like possibly less paperwork, or maybe no appraisal fee, or a combined bill/payment.But you should really shop around for the best interest rate and lowest total fees. These are much more important that the “conveniences”.

Give your answer to this question below!

Loan Expert Gives Construction Loan Advice to New Home Owners

Loan Expert Gives Construction Loan Advice to New Home Owners

San Diego, CA (PRWEB) September 25, 2006

Home owners considering applying for a construction loan will find many useful tips in the new ebook, “15 Things You Should Know Before You Even Think About Applying For A Construction Loan.” Each year millions of Americans decide their dream home is a newly built residence, often constructed just for them. Maneuvering their way through loans, plans, contractors, government requirements, licenses, and paperwork can often become nothing short of a nightmare.

“Armed with a few important tips, prospective home owners can easily find their way through the maze,” says Rick Gomez of NationwideConstructionLoans.com, who has been in the construction loan business for more than 20 years.

Gomez says the first step is to buy the land your home will go on. “Most people search for building plans first. That can be a mistake. Things will move much faster and you’ll get better loan terms if you go about securing your land first along with a pre-approval for the construction lent,” Gomez said.

While most new home owners approach their bank for a loan, Gomez said a loan broker is a better bet. “Going to your bank for a lending is like going to a Ford dealer to buy a car — all your choices are going to be Fords. A broker has access to many different types of loans from different sources and can tailor the loan to your needs,” Gomez said.

These tips and many more are included in Gomez’s e-book, which explains how new construction loans work. The book has been wildly popular with consumers and is available free for download at http://www.nationwideconstructionloans.com.

“Read through my e-book, and I guarantee you’ll know more than the loan officer when you go in to get your loan,” Gomez said.

NationwideConstructionLoans.com is designed to help consumers find the best construction loans, regardless of where they chose to get their loan. The site also teaches brokers and loan officers how to provide their clients with the best construction loans. Additionally, the site features numerous helpful links to other resources. Prospective home owners also have the option of working with NationwideConstructionLoans.com’s sister company 1st Metropolitan Mortgage.

“Building a new home is definitely the best way to own your stargaze home. We’re here to make the process as easy and rewarding as possible,” Gomez said.

Potential home owners looking for more information on construction loans should visit http://www.NationwideConstructionLoans.com or http://www.CaliforniaConstructionLoans.com.

Contact:

Rick Gomez

619-222-1059

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Anyone tried Wells Fargo Mortgage Loan Modification?

Question by jperfet85: Anyone tried Wells Fargo Mortgage Loan Modification?
If so, how did you get accepted? I was told we had to write an earning saying why we need the loan modification in detail, any tips??We are already on a repayment plan.. I dont understand how they would expect us to pay $ 200 more a month for the next 3 months if we got behind with one payment. We plan on paying everything up to date within the next 3 weeks (with income taxes) & not be on the payment plan anymore after that b/c having to pay $ 200 more a month is just a crazy thing to offer to someone that is already behind…!?!

Best answer:

Answer by greg h
With the economy the way it is it’s either modify or foreclose.I know of someone who’s house dropped from 700000 to 350000 so you are not doing so bad their payments are 4000 per month. I hope this cheers you up.

Know better? Leave your own answer in the comments!