Having a 1st mortgage will protect the lender so that if
someone is forced into bankruptcy, the lender will be paid first before any other debt that person had...
but often times you might hear people talking
about a 2nd mortgage
and you may wonder what that is. A second mortgage is an extra mortgage that...
An ARM (adjustable rate mortgage) is one that some people really
love, and others really don’t love!...
Amortization is a term you might hear when you are looking for a
home loan, but you might not know what it means...
An annuity is actually a program for your finances that will
collect money over a certain amount f time and will increase through interest...
there is a loan called a bad credit mortgage that is
specifically made just for people like this. Understanding...
Bad Credit Refinance
The good news is that there are bad credit mortgage refinances
that you can get if you have poor credit and own your home...
the term “Balloon Mortgage” as one of the options for mortgages.
You might not be sure what a balloon mortgage...
Bridging loans are like signature loans and are common so that
you can take out a home equity line of credit to be able to bridge the gap between the sale of the new
A closing cost is something
that must be paid on any home that is purchased, but some people do not include that into their budget when
The conventional loan has been around longer and proven itself
better than any other loan. Your parents and grandparents likely...
You might think that getting a mortgage for a commercial
property is the same as getting a home mortgage, but there are a few differences...
down payment is necessary when you are purchasing a house, there are different rules for a mortgage
all three are widely used for new loans or mortgage refinancing, let’s examine more closely the FHA mortgage.
People who have...
rate mortgages seem to be the most popular types of loans. If you are thinking of the idea of making a home
purchase, or refinancing...
A jumbo mortgage is for a larger amount than a regular
mortgage. The current cap for a
regular mortgage is $417,000, so any mortgage loan over that...
money mortgage, although expensive, is a type of mortgage being used more and more often for people who need a
bad credit mortgage...
Home equity is a common term heard among those working to
purchase a home or looking into mortgage refinancing...
loan modification program helps homeowners convert an existing ARM into a fixed rate mortgage. Basically, the
way this loan modification program works...
Interest Only Mortgage
the interest only mortgage. As the name implies,
this is a mortgage where you are only paying the interest on the loan, and not the principal...
Mortgage insurance protects the lender in case you quit making
your house payment and default on the loan. This type of insurance is
decide to do mortgage refinancing, the mortgage interest will work much the same way. For instance, let’s say
you have been in your home for 15 years and decide to...
Whether you are in the market for a mortgage refinance, a new
home loan, or even a bad credit mortgage loan, it is important to choose a good mortgage lender...
Mortgage rates are fairly simple to
understand. Your mortgage rate is
the annual interest rate on the amount of money you are borrowing...
One such term that you should pay attention to is "mortgage
refinance." This is one of the best ways to lower a monthly
mortgage payment after...
Understanding how mortgage repayment works and what it can mean
to you will help you decide which loan product is best for you. Your total mortgage repayment...
Residential mortgages are
for people looking to buy a home. There are also commercial mortgages for people who want commercial property
for business use...
Reverse mortgage was made for people who are sixty two
years old or older and own their home or are super close to having their loan paid off...
Some of these include a standard mortgage, a traditional
mortgage, and a conventional mortgage. All of these mortgages are...
VA loan is made just for veterans of any military organization,
and in fact if you are not a veteran, you cannot apply for this loan. You will have to...