Mortgages depend significantly on the value of the property that is involved. Consequently, it become important to know how much a property is worth before heading into refinancing plans, looking for a home loan, or selling a house.
One way to do this is to determine the market value of...
Reverse Mortgage is something, which can enable an individual to withdraw the money from the bank in lump sum. There are several banks out there where one can apply for the same. But before jumping into any decision about the Mortgage one should make sure that the place is safe and reputed....
How To Choose The Right Mortgage Calculator For Your Needs
Hear about those people who, by adding $50 per month to their mortgage payment cut their loan in half? You can actually do that. Look on the web for a mortgage accelerator calculator.
To start with, a simple mortgage...
Reverse annuity mortgages (RAM) were created to allow older Americans to tap into the equity of their paid for or nearly paid for home. Homeowners receive a tax-free payment each month, and the mortgage is paid when the home is sold. Before you choose a RAM, make sure you have evaluated the...
A mortgage is a financial investment which involves a large amount of money, and it is important for you to do your research before deciding which company you want to go with. While many mortgage professionals are honest, they are looking for a large commission in helping you obtain a loan, and...
There are different standards and strategies that real estate investors use when evaluating properties. In order for us to get involved with a property, the following standards are judged for the worthiness of any rehab project:
“You should look for the worst house on a decent...
I bet you had the same reaction when you heard residential mortgages you probably thought they are some new strain of mortgages? Well residential mortgages are our good old mortgages re-packaged with a different name. That makes residential mortgages one of the most reliable, flexible,...
With the raging hot real estate market of the last five years, mortgages have evolved wide spread options. The different home loans can be confusing, so lets look at the basic repayment options.
Repaying Your Mortgage Home Loans The Basics
Jumbo loans, variable rates, fixed,...
The mortgage industry accounted for $1,815,949,279,000 in loan transactions in 2004. That’s one trillion, eight hundred and fifteen billion, nine hundred and forty-nine million, two hundred and seventy nine thousand dollars…in one year!
Mortgage brokers average better than 1%...
It would be unrealistic to expect that such a huge industry with so much money flowing through “its’ veins” would fail to attract scam artists and predatory lenders.
First of all, let’s define predatory lender. Simply stated, it’s an individual or an...
Banks are reporting that the numbers of customers re-mortgaging their properties is at its highest ever. Most of these customers are seeking to take advantage of two important trends in the economy. The first is that lower interest rates, and increased competition among banks and financial...
So, you’ve taken an application with a mortgage broker. He has told you your monthly payment and the total amount you will need at the time of closing. How do you know the charges on the loan are fair? How do you compare this loan to others you have been offered?
Check the GFE. ...