For most people, buying a home will be the biggest financial investment of one’s life. Since 99% of us cannot afford to buy a home outright, we would need to take a home mortgage loan from a bank or other financial lending institution. There are many mortgage options out there and an inexperienced home buyer … Read more
You always want to compare mortgage refinance rates before choosing a particular lender because this is the only way to really be sure that you are being offered the best mortgage rate on the market. People refinance their mortgages for many reasons but whatever your financial goals, I can say without a doubt that this … Read more
It’s no secret that thousands of people across the country and in Arizona are losing their homes to foreclosure. One of the biggest issues I deal with as an Arizona real estate attorney handling foreclosure related cases is the question of what happens to a second mortgage or home equity line of credit after a … Read more
New York law provides that judgments, as well as first and second mortgages, serve as liens against real property. This means that once a judgment is filed against a customer, it acts as a lien against their real estate, along with a mortgage or home equity line of credit (“HELOC”) lien on the real estate. … Read more
Private money loans are also known as hard money and come from private lending companies that provide loans to home buyers to purchase a specific property. Typically, home buyers often find these lenders by associating a real estate investment club in their area. These loans are often secured by home investors. But unfortunately not every … Read more
Following my interview with Jenna Lee, Connell McShane and Daegan McDowell on FOXbusiness.com yesterday, it was clear from the e-mails that many people are dealing with crippling issues paying their mortgages and that the big concern is That many people are waiting for the government. intervention to solve the problem. While we expect answers and … Read more
Since, in most cases, the value of one’s home represents their single-largest, financial asset, doesn’t it make sense to move forward, in the wisest possible way, and prepared with relevant knowledge? stay, etc.? most people depend, achieving a mortgage, to purchase, his share of the so-called, American Dream, and therefore, knows as much about the … Read more
by all accounts, reverse home mortgage The development is ready to explode. Baby boomers are reaching retirement and for most, home equity makes up the largest portion of their nest egg. Reverse mortgages will be the tool that many of these retirees will use to tap into this nest egg for retirement living expenses. The … Read more
Most people, especially first-time home owners, take advantage of mortgages to participate in what is generally considered a key component of the American Dream, which is owning your own home. When one moves wisely, and learns as much as possible about the choices, options, differences, and considerations among the various types of mortgages, one protects … Read more
The Texas Mae Community Mortgage Program was introduced by Fannie Mae in 2000. This program is designed to make buying a home easier than ever! In many cases these loans go for low or no down payment. (Up to 100% LTV loans) Credit history terms are less restrictive than most lenders require, and finance rates … Read more