Refinancing A Home Mortgage: How To Qualify For the Best Rate
Irvine, CA (ContentDesk) April 25, 2006 -- How do you qualify for the best interest rate? To lenders, its all about documentation. The better you can document your income, assets, and employment, the higher your chances are for getting lowest interest rates. Here are some tips on qualifying for the best rate.When applying for a home loan, you want to have your paperwork in order, ready to be provided to your loan officer. If, for any reason, you are unable to document some of your income or assets, let your loan officer know at the time of the application. You don't want to waist time chasing something that you don't qualify for.
You want your loan approved, your rate locked, and your loan funded. Here are some of the most important qualifying criteria.On conventional loans, your monthly mortgage payment, together with minimum monthly payments on your other financial obligations, such as credit cards and auto loans, can not exceed fifty percent of your gross monthly income. Your income can be verified with your W2 or 1099 forms, or your tax returns. On top of that, you have to verify that you have two months worth of your proposed monthly mortgage payments. Assets must be liquid, such as cash in the bank, 401K, IRA, etc.If you can not meet all of the above mentioned requirements, you can still qualify for a low rate.
But your rate will be slightly higher as you move down the list of available programs:No income, but verifiable assets and employmentNo income or assets, but verifiable employmentNo income, assets, and no employmentAbout
Express Capital Funding GroupExpress Capital Funding Group is a Mortgage Company based out of Irvine, CA. The company specializes in home loan refinancing and debt consolidation loans and offers a variety of mortgage programs designed for borrowers with less then perfect credit, hard to prove income, assets, and employment. For more information, please, visit www.expfunds.com or call 800-403-3848..
Class.com Provides Curriculum for Phoenix Union Cyber High School
Lincoln, Nebraska (ContentDesk) August 10, 2005 -- Class.com has announced a partnership with the Phoenix Union High School District to provide online courseware to the district's new Cyber High School. Phoenix's innovative new school provides individualized instruction and computer-delivered curriculum for students attracted to technology."Class.com is proud to partner with Phoenix Union in establishing a truly original model of high school education that puts students first and ensures that all students can learn in the ways that work best for them," said Class.com CEO Katherine Endacott. "The new Cyber High School is a great example of how schools can differentiate instruction while taking advantages of electronic curriculum and increased flexibility."The Cyber High School will initially serve around 135 students, who will take core courses aligned to state standards from certified teachers. Students earn credit toward a PUHSD diploma in a flexible, student-centered environment. Students...
Class.com Provides Curriculum for Phoenix Union Cyber High School
Student loans > Class.com Provides Curriculum for Phoenix Union Cyber High School
Global Financial Consulting, LLC Announces Formation of Problem Loan Advisory Group
Global Financial Consulting, LLC ("GFC") has announced the formation of a problem loan management group to assist small- to mid-sized financial institutions manage their troubled commercial loans and leases.
The group provides a full range of loan workout services from advisory on individual accounts to fully managed portfolios.
According to GFC partner Mark Ploski, "Staffing a formal loan workout department with experienced and qualified personnel does not make economic sense for all but the largest institutions. As a result, when problems do arise significant company resources are diverted from core activities.
Account officers responsible for new business generation and relationship management often become consumed with dealing with the problem accounts.
"Additionally, diversified portfolios consisting of a variety of collateral asset types pose a challenge when a deal goes bad, as lenders may face a significant learning curve in becoming "expert"...
Global Financial Consulting, LLC Announces Formation of Problem Loan Advisory Group
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