Many people who invest in property or who own a business overlook the advantages of buying commercial premises. Although it is often cheaper in the short-term to rent property for business, there are a number of benefits to buying. If you are interested in commercial property, then this guide...
Use A Mortgage Calculator To Guide Your Home Equity Loan Decision
The difference between a home loan and a home equity loan lies mainly in that the home equity loan, also known as a second or even third mortgage, is issued at a higher interest rate. This interest rate is lower than you...
Why Get Mortgage Refinancing? If you already have a mortgage loan you are no doubt aware of the steady decline in mortgage rates over the years. Don’t you wish you had a way of making use of the dip in interest rates? Well that’s exactly what we offer you. A home mortgage refinance...
The mortgage is not one simple thing. There are many types of them and they each offer different advantages to those that are looking for one. Purchasing a home is one of the largest investments that you will ever make during your life time. It is ideal to make sure that you make this investment...
If you are considering buying a home or refinancing, the subject of credit scores has undoubtedly come up. So, what is a credit score and how does it impact you?
Understanding the Credit Score and Mortgage Relationship
In the 1960s, the concept of credit scores came to fruition. A...
A mortgage is nothing but a loan secured against the property that is your home, here secured means if you are not prompt with your loan payments, the lender has the rights to sell you home to take back his amount he has lent to you. A mortgage is nothing but a piece of paper, but the paper is...
Can’t remember how many times I’ve been asked “What is a reverse mortgage”? Reverse mortgages are a great way to get a loan using your primary asset. As in all cases of financial lending, the flexibility comes at a price. A reverse mortgage is a loan using your house and...
Mortgage lenders prefer certainty to chaos. Some lenders take this concept to its logical conclusion in mortgages by inserting prepayment penalty clauses.
Understanding Prepayment Penalties on Home Loans
When a mortgage lender evaluates a loan application, it performs a number of...
If you are in the market for a mortgage to buy a house you’ve no doubt heard the term “points” being thrown about. No, they aren’t talking about the score from last night’s NFL game; they are actually talking about a fee that is paid to the lender of the mortgage...
The housing boom of the last seven years has been one of the biggest ever. Mortgage-backed securities are one reason for the torrid pace of real estate growth.
Understanding Mortgage-Backed Securities
A mortgage-backed security is essentially a bond. Investors purchase interests in...
1st And 2nd Mortgage Refinance Loan – Consolidate 1st And 2nd Mortgages Into One Low Payment
Refinancing both your first and second mortgages will result in one low monthly payment that could save you thousands in interest charges. By combining both mortgages, you qualify for lower...
If you are looking to buy your first home, then you owe it to yourself to check out the loans offered by the Federal Housing Administration (FHA). These loans can offer significant benefits designed to help you achieve the dream of owning your own home. Designed with first-time homebuyers in...