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Understanding Mortgage Fraud
What is Mortgage Fraud? Mortgage fraud is a term used to describe a broad variety of criminal actions where the intent is to materially misrepresent or omit information on a mortgage loan application to obtain a loan or to obtain a larger loan than...
What is Bridging Finance?
The purpose of a bridging or bridge loan is to provide short term cash for a real estate transaction until permanent financing is secured. Bridge loans are commonly used to “bridge the cash gap” when completing commercial real estate transactions.There...
Which is better fixed rate or adjustable rate mortgage?
The best mortgage is one that fits in your long term budget, won’t use up too much of your monthly income, and gives you a sense of control over your home so you don’t end up house rich and cash poor.This is a question that keeps coming up when customers...
Tips on Getting Your Mortgage Loan Approved
We all very well know that not every applicant is approved for a home loan the first time he or she applies.It can be due to variety of reasons, even after a lot of hard work, sometimes a loan just can’t be approved. It may have to do with the applicant’s...
What is Mortgage Consumer Bill of Rights?
The Mortgage Consumer Bill of Rights is a pledge of $2 trillion over 10 years to help consumers gain access to home ownership. It also includes an “Open Book” approach to underwriting where customers can see all of the factors that go into evaluating...
The benefits of secured loans
Borrowing money has become more and more popular over recent years, and this is partly due to the fact that it has become far easier to borrow money. Secured loans have become very popular with those that own property, and this type of finance deal offers...
What are the Tax Advantages Of A Small Down Payment?
Tax Advantages Of A Small Down Payment A big mortgage plus small down payment equals tax advantages? If you are like most investors you will finance most, if not all of the purchase price for your home. Once you move in, the home ownership honeymoon is...
What are Balloon Mortgages ?
Beware of Balloon Mortgages This is a mortgage where the one payment, usually the last one is bigger than any other payments. Balloon Mortgages are usually set up like a regular 30 year mortgage except that at some date in the future, a large balloon...
Pros and Cons of Interest Only Mortgage
Do You Know the Pros and Cons of Interest Only Mortgage? Has any lender ever told you the Interest Only Mortgage was like a double-edged sword? It can help you achieve your dream of owning a home more easily, but it also can create a financial hardship...
What are “interest only” mortgages?
Basic Concept What are “interest only” mortgages? Mortgages are considered to be “interest only” if your monthly payment does not cover the entire loan payment due, that is the mortgage interest and a payment to decrease the loan principal. Every...
How to Calculate your mortgage online?
Calculating your mortgage online Mortgage calculators are very useful when it comes to giving you a good idea about your mortgage loan. With these calculators you can analyze your loan options depending on your finances as well as a few other factors. When...
What is an Equity Loan?
Equity Loan Equity loans are made available to homeowners who have a low loan balance to value ratio in their home and desire to utilize this ratio to receive cash. This funding program is tax free because the money derived from equity is not considered...
