Adzookie Will Pay Your Mortgage for Ads on Your House
Posted on April 7th, 2011
Hey check this out, it is a way to get your mortgage paid for an entire year. By Mark Hachman
Adzookie, a free advertising network for mobile devices, said Tuesday that the company will pay your mortgage if it can paint your house with an ad for the service.
The site is taking applications at its PaintMyHouse site.
Like Adzookie itself, the promotion is an ad, explained Mark Oskorus, the company’s vice president of marketing. The budget for the promotion is just $100,000, some of which will be used up in painting the houses with advertising and then repainting them their original colors when the customer opts out or the promotion ends.
Depending on what happens and how much business it brings back to the site, the promotion may be extended, Oskorus explained.
Adzookie is just one of a growing number of mobile ad networks. On
Tags: Mortgage, Mortgage Ads
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Bad Credit Home Loan Mortgage Helps
Posted on August 23rd, 2010
Most new homebuyers are unfamiliar with how mortgage loans run. Because of this, several individuals accept bad loans. This leads in homebuyers paying more than necessary. If you have poor credit, receiving a mortgage with good conditions is a must. Some lenders prey on those with poor credit. Their objective is to charge higher fees and raise their net profit. Before applying for a mortgage loan, think the following factors.
What is really a Mortgage Interest Rate?
The interest rate that a homebuyer has on a mortgage loan is very important. Mortgage rates can be as low as 3.9%, and as high as 9% or 10%. Apparently, those with a high credit rating will pay fewer interest.
Receiving bad credit does not always mean receiving the highest rates. Therefore, it is crucial to inquire various lenders, and keep an open eye on current mortgage rates. Numerous loaners have remarkable loan programs projected for bad credit people.
Tags: Mortgage, Mortgage Helps
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Second Mortgage Loan Modifications In the Works
Posted on January 27th, 2010
Bank of America announced today that it’s the first mortgage servicer to formally commit to the pending second-lien component of the Home Affordable Modification Program (HAMP), which has yet to be finalized.
The so-called Second Lien Modification Program (2MP) will allow loan modifications on second mortgages upon completion of a HAMP modification on the associated first mortgage.
The modifications will lower monthly payments on qualifying home equity loans and lines of credit, providing greater relief to struggling borrowers.
“For many homeowners facing severe financial difficulty, decreasing the payment on the first mortgage without a reduction in the payment on the second lien may not produce an affordable combined mortgage payment,” said Barbara Desoer, president of Bank of America Home Loans, in a press release.
“Signing this contract ahead of the release of the final program guidelines is a continued demonstration of Bank of America’s strong overall commitment to homeownership retention and to the Making Home Affordable program as the centerpiece of these efforts.”
Sadly, the bank had completed only 98 permanent loan modifications under HAMP through November, before being criticized and bumping the number to 3,183 as of the end of December.
It’s still far fewer than other leading loan servicers, though they have a large number of trial loan mods in the pipeline.
Bank of America has approximately three million second mortgages outstanding, and nearly 14 million home loans in total, making it the nation’s largest loan servicer.
The bank has modified more than 57,000 second liens over the past two years using its own loss mitigation tools.
Tags: Mortgage, Mortgage Loan
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