With the refinancing boom officially over, second mortgage loans are cooler than ever. Many homeowners have been blessed with low interest rate first mortgage loans that they want to keep. The need for cash didn’t disappear with the refinancing boom, so second mortgages and home equity loans will be the loans of choice for the…
As a reverse mortgage loan officer, I see many heartbreaking stories every day. The sad truth is that most of us have not properly planned for our retirement, I myself am 64 and fall in this category. Most of my friends are already retired and have a hefty 401K or pension to fall back on….
The term mortgage broker refers to a company or individual that can arrange a mortgage between two entities. These entities are usually a lender and a borrower. The lender is known as the mortgage lender. This professional works directly with the borrower to help them choose the right type of mortgage. In this article, we…
Well, the field of investment and finance is really hard to understand. You need to work really hard to be successful here. This article can surely help you understand some of the concepts of home mortgage. Further in this article we are going to talk specifically about the role of mortgage loan advisors. These loan…
Home Mortgage Rates – At some point in their lives, most people will need to obtain a mortgage to purchase a home. However, getting the best mortgage rate can be a challenge. The mortgage industry is complex, with many different lenders offering a wide range of rates, terms, and conditions. In this article, we will…
If you are an active duty military member or veteran and are interested in purchasing a home, are having trouble meeting your mortgage payments or are interested in refinancing your current mortgage, you have several options at your disposal. Mentioned below are some mortgage programs that cater to homebuyers and homeowners in the military. VA…
There are two such questions that we are asked almost daily. “Can I get a mortgage in my situation?” and “How much can I borrow?”. In this article, we’ll explore the latter. historical law There was very little technological intervention in the mortgage application process in the 80’s and 90’s. You will make an appointment…
When you are looking for a new home, you go through several properties to find the perfect match for you and your family. Once the excitement subsides, it’s time to secure your funding. You have two options, you can contact your bank and hope they are offering a loan now or you can contact a…
Most people know what a mortgage is, due to the fact that many people have one. But, do you know how the mortgage came about? Here’s some basic history on the mortgage and where it came from: In the beginning, a mortgage was merely a transfer of land for a fee. The buyer paid the…
It’s the American dream… buying the home of your dreams… a home you can be proud to call your home. However, buying a home can be tricky because your head tells you one thing and your heart tells you something else. So, before you go ahead and think about getting a home mortgage to buy…