Category: Real Estate
Fixed loan type vs adjustable: higher rate vs uncertainty
A few decades ago, the home buyer could only get the only type of loan: fixed-rate 30-year mortgage. Now the borrower can choose between the rate that is fixed for…
Subprime mortgage loan: what to do if your credit is not perfect
“Specialty financing” or “loans for someone with less than perfect credit” are polite terms used to market “subprime” or “non-prime loans”. Sometimes they are effectively the only way to homeownership…
Reverse mortgages let you use your house as a piggy-bank?
Reverse mortgages will gain popularity as more baby boomers are approaching retirement. This kind of loan is indeed the opposite of a regular mortgage as it allows seniors to borrow…
Do you qualify for a mortgage?
Lending institutions that will decide on your mortgage application will look at a variety of factors, such as your employment record, the number of credit cards you have and your…
Mortgage refinancing: are costs worth the savings?
More and more homeowners opt for refinancing at the time of low interest rates. The hassle and expenses associated with refinancing are justified if: You bought your home at the…
How to Keep Vacancies to a Minimum
For landlords, preparing for vacancies can be a daunting prospect. It is only natural to feel concerned, if you have a tenant that seems to be getting a bit wobbly…
Is there a mortgage after bankruptcy?
Sure there is. Even if you made the mistake of shoring up too much debt and were not able to cope with it at one point in your life, there…
Financing and mortgage: broker lending practice
Do you feel like you’re just another number yet? Well, finance is based on numbers, and people who deal with numbers are more often than not left-brain thinkers. These people…
Documentation requirements for a mortgage application
Paperwork involved in the mortgage application process is so extensive that you had better start gathering it a long time in advance. Full documentation will include: • Federal tax returns…
Mortgage frauds: how do they work
Generally, mortgage loans are taken out so as to make some real purchases. Mortgages are very complicated financial instruments. The entire mortgage industry is based upon a large number of…