By: Bogie Boric Home Loans Views: 2338 | Comments: 0 | Votes: 0
Getting a mortgage can be one of the most difficult decisions a person can make. Because of the vast array of mortgage products that are available it can be confusing and more than a little daunting. Here are a few things to consider when deciding on the right option for you. The first step is to decide which method of repayment best suits you. More
By: Bogie Boric Home Loans Views: 2331 | Comments: 0 | Votes: 0
The two main types of mortgage that lenders have traditionally sold are the fixed rate mortgage and the variable rate mortgage. These two products are similar in many ways, in that every month a set amount needs to be paid back to the lender (unless an emergency ‘holiday’ arrangement has been made), and if this is not done then the borrower has got serious problems. More
By: WiseSaver Home Loans Views: 2047 | Comments: 0 | Votes: 1
Throughout the years, mortgage rates have varied by loan-to-value and by term only. Items such as mortgages and variation in credit risks were not taken into consideration. A variation in interest rates was typically due to an additional charge for mortgage insurance (PMI) for home loans with loan-to-values greater than 80 percent, or higher rates due to the length of amortization. More
By: Art Of Saving Home Loans Views: 2003 | Comments: 0 | Votes: 0
A lot of people find the idea of dealing with all of the problems attached to buying a home very daunting. This is important but there are also many other things that you need to take into account. This is probably not the best way to go about it. A far better approach would be to sit down with a calculator and figure out exactly what you can afford to spend. More
By: Inman News Home Loans Views: 1885 | Comments: 0 | Votes: 0
NeighborWorks campaign generates $5.39 billion in new loansInman NewsA national campaign that seeks to bring home ownership within reach for low-income and moderate-income families has generated more than $5.39 billion in new mortgage lending from Jan. About 22 percent of the campaign's recent home buyers are African-American. 137. Reprinted with permission of Inman News More
By: Art Of Saving Home Loans Views: 1876 | Comments: 0 | Votes: 0
A loan in which real estate is used as collateral - a guarantee that the loan will be repaid and on time - is usually called a commercial mortgage. While it is much like a residential mortgage, the difference is simply that the collateral and the building purchased with the mortgage is used for commercial rather than residential purposes. More
By: Art Of Saving Home Loans Views: 1859 | Comments: 0 | Votes: 0
A home equity line of credit means a homeowner can use his home as collateral for a loan. In other words, your home can be a source of credit to pay for education, purchase of a car, retirement plans or improvement of home. The bank or the institution will provide you the detailed information as to how you can make use of HELOC. Interest rates are subject to change now and then. More
By: Trmnotary Home Loans Views: 1846 | Comments: 1 | Votes: 0
What exactly is a "Rent-Back" offer, and when should they be used? In most real estate transactions, the buyer takes possession of the property at or shortly after closing. A rent-back is an offer made by the prospective buyer to allow the seller to remain in possession of the home for a longer period of time. More
By: Art Of Saving Home Loans Views: 1694 | Comments: 0 | Votes: 0
Rent versus Buying in this market: Nearly a full third of households are still renting...but if you are one of them, you could be paying a hefty price. Is there a "bubble"? The simple answer is "no". Even if interest rates move a bit higher, it won't be enough to cause a nationwide slide in home prices. The key to a healthy housing market is the job market. But is it too late? More
By: Stockton Mortgage Home Loans Views: 585 | Comments: 0 | Votes: 0
Mortgage interest rates have been at historic lows, causing many to look into a refinance of their mortgage, and given the recent market conditions we cannot be certain how long this trend will continue. If you would like more information on why we have seen shifting interest rates, check out this related blog post. Mortgage Refinance to reduce monthly bills. More
