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By Sharon & Bruce Walter, West Lafayette homes for sale
(Keller Williams Realty Lafayette, IN)
Comments 12
  Rossville, Indiana  homes for sale under $80,000 less than 20 minutes to Caterpillar, SIA, and hospitals in Lafayette, Indiana.             SOLD  !!! Congratulations to our buyer, Coreann, on the purchase of her home in Rossville, Indiana!!!  It was a pleasure working with you to find the home that fit your needs so close to Lafayette and its major employers:  Caterpillare, SIA, IU-Arnett Clarian Hospital and St. Elizabeth Hospital.If you are looking to purchase a home in the Greater Lafayette, Indiana area contact Sharon Walter at 765-426-5343 and let us know how we can assist you with your Lafayette, IN real estate needs.  We Can Help!!! Search Lafayette Indiana Real Estate Market Homes for Sale
By David Mennen
(David Mennen - Tippecanoe Mortgage, Indiana)
Comments 0
LAFAYETTE, INDIANA - If you're thinking about taking out a home improvement loan, there are several options to consider. First and foremost, your mortgage consultant needs to know why you want a home improvement loan. Here are some factors to take into consideration. How long have you been in the home?Will the improvements increase the property value? Are you making improvements to increase energy efficiency?Will improvements be made in one fell swoop, or in stages?What is the current outstanding balance on your mortgage?What is the appraised value of the home?How much will the improvements cost?What improvements will be tax deductible?Do you have other revolving debt that you would like to pay off at the same time?Are you making improvements because you plan to sell the property?The Ne...
By David Mennen
(David Mennen - Tippecanoe Mortgage, Indiana)
Comments 0
An option arm is an adjustable rate mortgage with the added flexibility of being able to choose from a variety of payment options from month to month. Option Arm's go by many different names including 'cash flow option loan', 'pick a payment loan', '1-month MTA', and so forth. The increased flexibility of these programs can help an individual better manage their cash flow. However, there are certain pitfalls that any borrower considering an option arm should be aware of. Don't just get lured in by the promise of a low introductory rate. The best way to know if an option arm is the right program for you is to start with the basics. What are the Options? Typically, the borrower can choose from 4 different payment options each representing a different loan program. The borrower will have 2...
By David Mennen
(David Mennen - Tippecanoe Mortgage, Indiana)
Comments 0
The term is being heard by homeowners near and far, but what exactly is a "reverse mortgage?" It's a relatively new option, and one that is surrounded by many myths and misunderstandings. When you get down to it, a reverse mortgage is a rather simple and straightforward option for many homeowners who can take advantage of the benefits that this mortgage method affords them.  A reverse mortgage is a loan on a home that does not have to be paid back for as long as the homeowner lives in that home. To qualify for a reverse mortgage, homeowners must meet certain criteria, and normally must be 62 years of age or older. This type of mortgage offers homeowners the benefit of taking out a home equity type of loan, without the obligation of having to make monthly payments to repay the money borr...
By David Mennen
(David Mennen - Tippecanoe Mortgage, Indiana)
Comments 0
A second mortgage is a loan that is secured by the equity in your home. When you obtain a second mortgage loan the lender will place a lien on your house. This lien will be recorded in 2nd position after your primary or 1st mortgage lender's lien, hence the term second mortgage. A second mortgage is also sometimes referred to as a home equity loan. There is no difference between a home equity loan and a second mortgage. These are just two different terms for the same subject. A second mortgage can either be a fixed-rate loan or an adjustable-rate credit line. Interest rates and loan program terms will vary from lender to lender so it is important to shop around and compare before committing to any one offer. Loan proceeds from a second mortgage loan can be used for just about anything. ...
By David Mennen
(David Mennen - Tippecanoe Mortgage, Indiana)
Comments 0
I decided to write this article today after closing a home purchase loan for a couple that had some major credit issues. They got into the house with ZERO down payment, and only had to bring $600 for the closing costs. Their situation was pretty bad, I'm talking about a bankruptcy 2 years ago, thousands of dollars in outstanding collections, charge-offs and debt to income ratio of 49%. By the way, we left all of their outstanding charge-offs and collections open which means they didn't have to pay any of them off! So many think they won't be able to qualify for a mortgage loan. Many will keep thinking they can't qualify until they read this article. I have been in the real estate & financing business for 20+ years. I have experience originating conventional mortgage loans as well as sub...

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