Tupelo Home Mortgage Lender: Now is the Perfect Time to Refinance

Help with refinancing is provided by an established Tupelo home mortgage lender like Churchill Mortgage. Such lenders offer refinancing to applicants who may have been rejected by a bank or a federally subsidized program. If in doubt, consult a trusted home lender in Tupelo to help you settle on the proper rates and terms suited to your current financial situation. To get started, simply visit the website of a reputable home lender in Tupelo like Churchill Mortgage, fill up an online application form, and make an appointment.

http://tupelo.churchillmortgage.com/industry-news/tupelo-home-mortgage-lender-now-is-the-perfect-time-to-refinance/

Mortgage for Tupelo Homes: The Hows and Whys of Home Appraisal

A home appraisal is an important part of the mortgage process. This is the point where a professional appraiser performs inspections and conducts research about the home that's being bought or sold as a means to offer an unbiased opinion on the home's value. For buyers, this is a necessary step before securing Tupelo mortgage loans from reputable lenders like Churchill Mortgage Corporation. What Appraisal Means to the Buyer As a buyer, one of the first steps you would even consider is borrowing money from a reputable lender to pay for your purchase. The lender, in turn, will determine whether or not you are over-(or under-) borrowing, thus, the need for the appraisal. Should you default in payments, the lender will have to sell your home in an auction to recoup your remaining balance.

http://tupelo.churchillmortgage.com/info-article/mortgage-for-tupelo-homes-the-hows-and-whys-of-home-appraisal/

How to Refinance with a Tupelo Mortgage Lender if You’re Self-Employed

If you’re self-employed and worried that you might have a harder time talking to your Tupelo mortgage lender about refinancing, there are a few important things that can boost your chance of getting approved. For starters, make sure that you have all the necessary documents. Since you don’t have pay stubs, lenders will often ask for two years’ worth of tax returns, profit and loss statements, and account information as proof of capacity to pay the restructured mortgage. Pay even closer attention to your credit score as higher numbers are required for self-employed individuals than salaried workers. Keeping your debt-to-income ratio stable will be taken positively by lenders, and will improve your credit score, as well. Furthermore, the average mortgage lender in Tupelo tend to be vigilant about the self-employed knowing how their incomes tend to fluctuate.

http://tupelo.churchillmortgage.com/info-article/how-to-refinance-with-a-tupelo-mortgage-lender-if-youre-self-employed/

Hold Your Horses: Tupelo, MS Home Mortgage Tips for First-Time Buyers

Given the magnitude of this investment, a home mortgage for Tupelo home buyers is something not to be trifled with, and for which a potential home buyer should prepare six months in advance. While it might seem like a long time, the space you give yourself, meanwhile, allows you to seek out trusted lenders like Churchill Mortgage who can explain the whole mortgage process to you. The intervening months also allow you to organize important documents, such as pay stubs, W-2 forms, and tax returns that mortgage lenders will require. If you must beef up your down payment, the year-long wait should considerably bolster your savings pool. The recommended down payment is around 20-25% to qualify for the best rates available.

http://tupelo.churchillmortgage.com/info-article/hold-your-horses-tupelo-ms-home-mortgage-tips-for-first-time-buyers/

Talking Short Sales With Your Tupelo Home Mortgage Lender

"First, you need to be able to prove that you are unable to make your loan payments. You do this by showing your lender documents that support this argument. Your Tupelo home mortgage lender will need to see evidence of your disadvantaged financial situation – loss of job, death of spouse, demotion of self or spouse, divorce, etc. Then you need to list your home for sale and take every action necessary to find a buyer for your home. Let your lender know, so that they can craft a sales contract and handle everything from there."

http://tupelo.churchillmortgage.com/talking-short-sales-with-your-tupelo-home-mortgage-lender/

Open House Tips Towards a New Tupelo, MS Home Mortgage

"Be sure to let your neighbors know ahead of time before you host an open house. Not only is this common courtesy (as there will be a lot more foot traffic and cars parked on your street than normal), but they could also spread the word to their own network of friends, some of whom may have always wanted to move into the same neighborhood. This is always a quick way to get more interested buyers coming through your doors. As you can see, hosting an open house doesn’t have to be a stressful affair. Just follow these tips and watch the whole day run by smoothly. Then you're finally going to be able to get a new home mortgage in Tupelo and live in the home of your dreams. Good luck!"

http://tupelo.churchillmortgage.com/open-house-tips-towards-a-new-tupelo-ms-home-mortgage/

Tupelo Mortgage Expert Offers Insights on Refinancing

"Tupelo, Mississippi (September 16, 2013) – The Churchill Mortgage Corporation, a leading Tupelo mortgage loan provider, is offering insights on refinancing gives pointers to help individuals determine if the process makes sense for them. They explain that refinancing helps borrowers get lower interest rates or pay off their loans earlier. This is because the process allows people to have extra money each month, which they can also save for the long term. The firm encourages borrowers to understand why they need to refinance so that their eventual lenders can find the most suitable solution for their needs."

http://tupelo.churchillmortgage.com/press-releases/tupelo-mortgage-expert-offers-insights-on-refinancing/

Invest in a Loan Plan From a Mortgage Lender in Tupelo and Get the Home You’ve Always Dreamed Of

"These mortgage companies offer various housing plans, which let their clients lower their monthly payments or interest rates by adjusting the length of their loan plan, whether it be for 10 years or for 30 years. Whether you are looking to purchase or rent a new house, or to refinance your current mortgage plan, a tested mortgage lender in Tupelo can readily accommodate your needs by setting a loan plan that is suitable to your financial situation. A mortgage refinance plan can even provide for you financially if you want to renovate or refurnish your home. You can even use anything left over to pay for bills, debts, and other expenses. Though the country is currently in recession and families are suffering from economic depression, companies like mortgage lenders can help people, in little ways, so they can get the home that they've always dreamed of."

http://tupelo.churchillmortgage.com/industry-news/invest-in-a-loan-plan-from-a-mortgage-lender-in-tupelo-and-get-the-home-youve-always-dreamed-of/

Escaping an Underwater Mortgage with Your Tupelo Home Mortgage Lender

A study by the Federal Bank of Cleveland shows that many homeowners who are unemployed are willing to relocate for a job than remain and risk the pitfalls of their underwater mortgage debt. The study shows that the recession has put many homeowners in a financial straitjacket, a “locked-in effect” where they are unable to pay for their mortgage, and also unable to relocate for a job because of the house. Now that economic conditions are looking up, so are job prospects. And according to the same study, homeowners with a negative home equity or underwater mortgage—where loan on the home has come to be worth more than the house itself—are taking the bold approach of leaving to relocate where the jobs are. And in Mississippi, for instance, when a stable job is found, some even take the even bolder approach of consulting with a dependable Tupelo home mortgage lender to help them with a loan with which to buy a house to move in and settle.

http://tupelo.churchillmortgage.com/industry-news/to-rent-or-own-with-the-help-of-a-tupelo-home-mortgage-lender

Good News for Those Seeking to Reduce Their Tupelo Mortgage Today

The Federal Housing Finance Agency or FHFA is set to offer struggling homeowners something to celebrate by giving them a break in their home mortgage payments. Under the new effort, called the Streamlined Modification Initiative, thousands of borrowers whose loans were backed by lender giants Freddie Mac or Fannie Mae, could be eligible for mortgage reduction. This new initiative is great news for people who are at least two years behind in their payments to their local Tupelo mortgage lenders in Mississippi. It is yet unclear how many people are eligible for the payment reductions, but according to the Mortgage Bankers Association, there are about 1.1 million borrowers currently behind on their loans, many of whom are Freddie Mac and Fannie Mae loan holders. These two companies are referred to as “government-sponsored enterprises” or GSEs that comprise a secondary market for home mortgages by buying the mortgage from lenders who originated them.

http://tupelo.churchillmortgage.com/industry-news/the-mississippi-life-why-applying-for-mortgage-in-tupelo-and-other-cities-is-worth-it

Ensuring the Trustworthiness of a Mortgage Lender in Tupelo

The sentence of 57-year-old Charles H. Evans Jr. and his 53-year old brother Christopher Evans was affirmed March 1, 2013 at a re-sentencing hearing at the US District Court in Jackson. The brothers pleaded guilty to the charges related to a mortgage fraud scheme in which banks were used as investors. Their scheme encompassed almost 30 fictitious corporations, over $80 million worth of loans, and affected almost 50 financial institutions and local governments. Derek Henderson, US Bankruptcy Court trustee, spoke in behalf of all the victims of the Evans brothers during the first sentencing. Henderson said he was offended that they were both attorneys, and that the court should be offended as well. The brothers used their knowledge as lawyers to commit their crimes. This story serves as a reminder that justice catches up with one's crimes, and that due diligence is necessary to ensure that you're working with only a trustworthy mortgage lender in Tupelo.

http://tupelo.churchillmortgage.com/industry-news/when-a-mortgage-lender-in-tupelo-can-help-you-with-low-downpayment

How Home Mortgage in Tupelo, MS Should Work to Your Benefit

Orlando Sentinel writer Ludmilla Lelis in a July 21 article wrote of a combat veteran awarded with a mortgage-free home for him and his young family. The Latorre family's new home in Florida was donated by the Military Warriors Support Foundation and Bank of America through its Homes4Wounded Heroes program. This military-supported program is offered in different states including Mississippi. If you have a family member or if you know anyone who has been wounded in battle while stationed in Iraq and Afghanistan, you can check out the website of the Foundation. The site offers information on who may qualify and the places where homes are being renovated so that interested applicants can choose their location if they are accepted. If you find that you or your family member falls short of the eligibility requirements, don't be disheartened; your dream house may not be quite out of reach yet, as you may seek the help of experts in home mortgage from Tupelo MS.

http://tupelo.churchillmortgage.com/industry-news/education-on-a-home-mortgage-in-tupelo-ms-worth-every-greenback