Thursday, April 23, 2009

Below are the most searched keywords,about 'mortgage',in the internet

Search
Word
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mortgage refinancing
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mortgage calculator
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mortgage company
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mortgage rate
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home mortgage
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Article : Lending Tree Shifts Creative from Mullen to Euro

CHARLOTTE, N.C. – Lending Tree has awarded its creative duties for ad accounts to Havas’ Euro RSCG Worldwide, New York, taking it away from incumbent Interpublic Group of Cos.’ Mullen. The shift comes after a poor quarter for Lending Tree and a move to separate IAC/InterActive Corp. – Lending Tree’s parent – into five separate publicly traded companies.
The win is the first for Euro RSCG since the agency’s realignment, under which Euro RSCG 4D, the agency’s digital arm, was fully integrated into Euro RSCG New York – putting digital at the core of the agency’s operations. ...read all...

News : LendingTree sued over data breach

One month after suing three lending firms, LendingTree has now been sued by a Bronx man who claims a security breach with the mortgage site has harmed his credit score, led to higher credit card interest rates, and resulted in him getting rejected for at least one loan.
The lawsuit against LendingTree, filed late last week in U.S. District Court in Manhattan, seeks class action status. Filed on behalf of Marvin Garcia, it alleges that LendingTree was negligent in failing to keep customer personal information secure and failing to notify customers of the security breach in a timely manner.
The breaches--which involved names and Social Security numbers among other personal information--are believed to have begun in October 2006, but LendingTree did not notify customers until last month.
LendingTree also is placing the responsibility and cost on customers for monitoring their credit reports and trying to repair negative impacts on their credit history from the breach, the lawsuit says.....

Link to a forum : Lending Tree Good/Bad?

: "Let's get the goods on the lending tree experience. I would like to know the best pros and the worst cons. I have not seen a thread that addresses this, but if it is out there could someone post it.Best Regards,Jacopo"see this forum at : http://www.city-data.com/forum/mortgages/236167-lending-tree-good-bad.htmlhttp://www.city-data.com/forum/mortgages/236167-lending-tree-good-bad.html

Mortgage Refinancing Forum : Can I lower the interest rate on my mortgage without refinancing?

"I am considering refinancing, but I am not really too sure yet. Is there any way that I could call my current lender and just negotiate a lower interest rate with them? This way I could possibly avoid all of the closing costs, etc that are associated with refinancing. Has anyone had any luck with this?"
see this forum at : http://answers.yahoo.com/question/index?qid=20080208111113AAr966X

Wednesday, April 22, 2009

Calculating your home equity

: Calculating equity is simple: you take the market value of your home and subtract any outstanding mortgages or liens. So if you have a $100,000 home and have $60,000 left to repay on your mortgage, your equity would equal $40,000. The amount of equity you have is not constant, however. It changes depending on your home’s value, market conditions and the terms of your mortgage. The simplest way to increase your equity is to pay off your mortgage. The more you pay towards the principal, the more equity you will accrue. In the beginning, most of your payments will likely go toward the interest, so you will build equity much slower in the first couple of years in your new home. You can build equity faster if you shorten the term of your mortgage, as more of your payments go toward principal. Once you have paid off your mortgage, the lien on the title will be cleared and you will own 100 percent of your home. You can also increase your home’s equity by making improvements that increase its value. Be careful here, however, as renovations rarely recoup their full cost. The best strategy is to make renovations that bring your house up to par with other houses on the block and to avoid souping up your house with upgrades and designer appliances the rest of the neighborhood doesn’t have. Best of all, your equity may increase without you doing anything. If property values in your area increase, so will your equity, as it is based on market values. Using the above example, if property values in your area increase by eight percent, your equity would equal $48,000. But housing market conditions are affected by a number of things, including interest rates, inflation and the economy. And while houses tend to appreciate over time, it is possible for these conditions to lower property values and result in a decrease in your equity. In a worst-case scenario, this could result in negative equity, where the amount of your mortgage exceeds the value of your home. Negative equity could also occur if you have an interest-only mortgage. In these cases, your monthly payments may be covering just the interest or only a portion of it. At the end of the interest-only term, you still owe the lender the principal as well as any unpaid interest, possibly meaning that you owe more than the market value of your home. To help avoid negative equity, make sure at least some of your mortgage payments are paying down the principal and try to buy a home in an area where property values are increasing. The good news is that national home values generally appreciate by an average rate of five percent per year, and home prices have on the whole increased steadily since 1968, increasing by 8.8 percent in 2004, according to the National Association of REALTORS®. This wealth is readily accessible through home equity loans, which tend to have lower interest rates and may have tax benefits.
Dan MooreVice President, Product Management

Credit Cards

Credit card comparisons are key in today’s world. When choosing a credit card, there are many features to consider: whether you need credit cards for college students, business credit cards, and even secured cards to help build or rebuild your credit. Over the years, reward cards have become very popular. You can earn airline miles, cash back, gasoline and more every time you use your card. With over 150 cards to choose from, GetSmart will make it simple to find the credit card to meet your need.
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Offer purchase protection on items unlike cash or check
Credit Card Articles
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Find the best credit card offers from all the top cards!
Tips for Using Credit CardsA credit card can help you build credit and manage your money. Follow these steps and precautions to make sure you fully understand your credit-card plan.Read more >
Ask an Expert: Running a Credit Card BalanceWill carrying a credit-card balance hurt my credit?Read more >
A Blueprint for Rebuilding Your CreditWhen you’re trying to recover from a bad credit history, the key is to start small and build yo