Is Your Credit Ready to Take on a Mortgage?
To help determine whether youre ready to take on a mortgage or not take a look at your finances. Two things that you really want to take a look at are your credit score and current debts. These two factors greatly determine how much home you can afford.Credit Scores.What determines a good credit ... more...

First Time Buyer Mortgage Key to your First Home
Living in a rented apartment since long. Ever thought of the disadvantages of staying as a tenant. Besides losing your freedom to the whims and fancy of the landlord, your hard earned money is going down the drains. Of course, to nourish the landlords finances; such that he is planning to buy a new ... more...

Bad Credit Mortgage Lender - What to Look For
If you have less than perfect credit and are looking to get approved for a mortgage loan, be careful not to make some common, costly mistakes. When dealing with sub-prime mortgage lenders or bad credit mortgage lenders, many people are taken advantage of because of their eagerness to get approved ... more...

4 Ways To A Low Mortgage Interest Rate
It is natural to want the lowest possible interest rate on your mortgage loan. A lower interest rate results in a lower monthly payment or allows you to afford more house for the same monthly payment. Here are four quick ways to get a lower interest rate on your next mortgage loan.1. Shorten The ... more...

Reverse Mortgage Providing Peace of Mind Without Sacrificing Safety or Security
For many seniors one of their greatest sources of security is their home. It not only provides a comfortable and familiar environment, but it provides a sense of independence and a source of many fond memories. The equity in that home represents a financial nest egg and a legacy for them to pass ... more...

Why Are Mortgage Notes Discounted Anyway?
When real estate note brokers purchase partially paid notes, they pay the note holder a discounted price after factoring in the time value of money, the payer history, and property condition.If there is still a significant period of time left for the payer to make payments, the future payments are ... more...

Advantages and Disadvantages Of A Reverse Mortgage
Betty and John, are in their mid-seventies and are currently weighing the advantages and disadvantages of a reverse mortgage as a way of freeing up some cash. The couple purchased their home 45 years ago for about $14,000 since then home values have skyrocketed and recent single family homes in ... more...

Mortgage Loans Explained In Plain English
With the many different kinds of mortgage loans out there, choosing the right one for your needs can be a difficult task. The following points will help you understand the pros and cons of the different types of mortgage loans available to you.What are the main types of mortgage loans?There are two ... more...

Home Mortgage Loans - Fixed Rate, Adjustable or Balloon, Which One Is Right For You?
When you're shopping for a new homeespecially for the first timeall the terms and expressions may be confusing and difficult to understand. Adjustable rate, fixed rate, balloon payment - how do you decide which is the right type of home mortgage for you if you're not even sure what each of them are ... more...

Mortgage Refinance with Bad Credit - The Pros and Cons
To many, the term 'bad credit' is the end of the world when it comes to getting financing in the near future. However, it doesn't always have to be like that, you can take the bad credit mortgage refinance option!Mortgage refinance vs. equity financeIt is essential at the outset that you understand ... more...

Comparing Mortgage Rates
When you're getting ready to buy a new house, you're likely going to be confronted with a variety of mortgage options. You might have to choose whether to apply for a standard loan or a balloon mortgage, as well as whether to go for a shorter loan term like 10 years or a longer term of 20 or 30 ... more...

How to Save Money by Using an Independent Commercial Mortgage Broker
Being a creature of habit can cost you plenty when it comes to applying for a commercial mortgage instead of going through an independent commercial mortgage broker. Let me tell you why.Most business people have an established relationship with their bank and take advantage of that relationship ... more...