Home Equity

Green Tree Mortgage Servicing, Payment Options & Customer Service

Green Tree Mortgage Servicing no longer exists. It has merged with ditech mortgage, resulting into the creation of Ditech Financial LLC, which operates as ditech, a Walter company. For updated information regarding Green Tree mortgage payment and customer service, please visit this page. The following content is, however, maintained for historical perspective. Green Tree is one of the …

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Understanding Debt-to-Income Ratio, Calculating DTI

You must not have more debt than you can manage comfortably with your present income. To get an idea of your ability to qualify for a mortgage, the underwriter uses mortgage qualifying ratio, which is based on your debt-to-income ratio. A debt is defined as the money you owe to a person, company, organization or …

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Home Equity Loan vs. Personal Loan – Which to Choose

Home equity loans are often referred to as second mortgages and are usually secured in nature. When you talk of a personal loan, you usually mean an unsecured loan that is not tied to any collateral. The differences between a home equity loan and a personal loan or line are usually those found between a secured …

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How to Contact your Lender to Pay off Mortgage Early?

You need to check with your lender and know about the current mortgage servicer. It is often a case that your loan is originated at one company and the servicing is being provided at another company. You can contact your loan servicer by phone and obtain a payoff quote or statement. You may need to …

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Home Appraisal Basics – Process and Tips

You might be pre-approved for a home loan. But the final approval depends on the home appraisal report, which is presented by a certified appraiser appointed by your lender. What does a home appraiser do and how the appraised value of your home can affect a mortgage underwriting process? Let us understand the basics of …

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Optimum First Mortgage – Customer Service and Mortgage Options

Headquartered in Fountain Valley, California, Optimum First Mortgage is a thriving mortgage lending company that promises to provide the lowest possible rates in the mortgage industry. In the last five years, the company has offered more than 10,000 loans fulfilling the dreams of a large number of homebuyers. Optimum First Mortgage endeavors to provide the …

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How a Personal Loan can help buy a Home

Sounds strange? The personal financing market has made a comeback and is growing at a rapid pace. The market is also witnessing the emergence and rise of an entirely different kind of personal lending platform known as peer-to-peer lending (P2P Lending). Why a Personal Loan instead of a Mortgage Loan? That’s all right. But why …

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Mortgage Financial Analysis and Budgeting

Financial analysis is an important step to determine homeownership capability. You get to know whether or not you can afford a home, and if yes, then how much you can afford. Budgeting, on the other hand, can help you save and make homeownership affordable for you. The mortgage underwriter, too, takes a closer look at …

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Wells Fargo Mortgage – Payment Options and Customer Service

Headquartered in San Francisco, California, Wells Fargo and Company is the world’s second largest bank by market value. It is one of the Big Four Banks in the United States and the 2nd largest bank in terms of deposits, debit cards, and home mortgage servicing. The bank operates in 35 countries and serves more than …

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