By Sean A. Kelly

Home-Account offers a compelling service for those who are looking for mortgage loan or to re-finance. In the current economy where credit is difficult to access, Home-Account helps consumers find the right mortgage for their needs and credit histories. Here’s how it works. Consumers fill out a free online mortgage profile to determine if their credit history qualifies them for a mortgage and what interest rates they could qualify for. Once Home-Account determines that a consumer qualifies for a mortgage, the startup will get mortgage offers from its partner lenders. With credit standards tightening for mortgages, many consumers may not qualify for a mortgage in the current climate. Home-Account offers a second service (also $10 per month) which will help consumers with poor credit history improve their credit scores and get their financial history in order to become more desirable applicants for mortgage lenders. It also monitors mortgages for you, alerting you when a good one comes along. It doesn’t make money by lead generation, like most mortgage loan finding sites do.

You have low income and you are looking to get approved for a home mortgage loan? There are many programs available to help you get approved. Whether you are looking to purchase a new home or to refinance your existing home, with the following low income home loan mortgage programs, almost anyone can fulfill their dream of becoming a home owner. Home Account Inc., is a mortgage-finding service designed to help America’s 75 million borrowers save money and make smart mortgage choices. The service grades and analyzes borrowers’ current mortgages, presents scenarios to improve their financial situation, and then matches each borrower to the best mortgage options in the market. Fixed rate mortgages are very popular. Fixing their home loan for life shows that homeowners are looking for stability. It provides an easy budgeting solution. Knowing exactly how much they are going to pay for their mortgage for the rest of their life is extremely satisfying in an environment of economic uncertainties. Just think about it for a second. They have a roof over their head that they can call their own home. On top of it, never changing monthly payments and they are done worrying. Homeowners with excellent credit score may have the luxury of selecting mortgage lender of their choice. Borrowers with bad credit might not qualify for mortgage refinance. Much depends on their debt-to-income ratio, property value, employment history, and financial ability to repay the home loan.

Many families are beginning to feel the impact of a slowdown in the economy. The impact is even greater on families with home mortgage loans. It is believed that just over half of parents with home mortgage loans will have to restrict spending on their children as living costs increase. Nearly one in two families is struggling to make ends meet and almost a third of those who are living comfortably now expect to cut backs on spending next year. Home mortgage loans require a regular income source for years that will keep paying off debts. In most cases salaries don’t rise significantly each year and this affects families who wish to maintain their lifestyle. Many mortgagees have resorted to starting a small side business, taken on a second job or another stream of income to supplement their main source of income. While most people like to stick to the same careers that are comfortable to them and feel too overwhelmed to put in the time to develop an additional revenue stream, based on the economy it seems that more people have no other alternative. Taking on debt in the form of a home mortgage loan will definitely have an impact on everyday living. Making sure you choose the right home mortgage loan online is a vital financial decision that will affect you for the next several years.

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