Mortgage Loan Closing Costs
Closing costs for home refinancing or purchases are often misunderstood and frustrating for the buyer and seller (who is probably very soon going to be a buyer). Closing costs are assessed once a purchase agreement is finalized with the seller and/or their agent. The various costs will vary by ... more...

Selling Your Home What Can Go Wrong With Title and Lenders
If youre selling your home, there are going to be difficulties at some point in the transaction. Some problems cant be fixed. Its important to figure out whether yours are fixable or not. Then you can either fix them or move on and find another buyer. If its priced appropriately, theres a buyer ... more...

Hidden Bank Loan Charges That Would Make a Pick-Pocket Envious
There can be more to a bank business loan than making interest and principal payments. Your firm may get a great rate on its new credit line or term loan but you may cry on the way home when you discover the hidden fees and charges.Even seasoned borrowers can be caught off guard. Borrowing costs ... more...

How to Avoid Paying Mortgage Insurance
In today's world, a borrower should not be paying mortgage insurance (PMI) on their home mortgage with a few exceptions such as an FHA loan. Mortgage Insurance is a thing of the past.Lets first explain what mortgage insurance is. A lender requires a borrower to pay mortgage insurance if the loan ... more...

Tips For Getting A Low Downpayment
There's also a lot of personal satisfaction in living in a home that you own. Real estate is still considered a valued investment which can have many financial advantages and tax benefits. The amount of interest you pay on a home loan and the real estate taxes you pay on your home are among the few ... more...

Mortgage Loans
A mortgage is a device used to create a lien on real estate by contract. The mortgage is an instrument that the borrower (called the mortgagor) uses to pledge real property to the lender (called the mortgagee) as security for a debt, also called hypothecation. The mortgage, as a rule, consists of ... more...

Bad Credit Florida Mortgage Loans
Mortgage loans are the loans taken while purchasing a house or property. There are various kinds of mortgage loans namely, FHA (Federal Housing Administration) loans, consolidation loans, land loans, conventional loans, balloon loans and refinance mortgage loans.Mortgage loan rates in Florida have ... more...

No Closing Cost Mortgage The Ugly Truth Could Cost You Thousands
There are a number of mortgage lenders advertising loans with no closing costs. These lenders brag that the mortgage comes with no closing costs, up-front points, appraisal fees, title insurance, or origination fees. If you sign up for this mortgage you pay nothing out of pocket at closing; ... more...

How Appraisals and Assessments Differ
Many people think appraisals and assessments are the same thing or at least that they should be for the same amount. The truth is they can vary greatly. Lets look at each of them.AppraisalsAn appraisal is an estimate of market value. An appraiser can use many methods for coming up with this ... more...