As an older American you can turn to “reverse” mortgages to seek money to pay off your current mortgage, finance a major home improvement, supplement your retirement income, or to pay for those unexpected health care expenses. These type loans can allow you to convert part of the equity in your … Read The Full Post
Sub-prime loans are becoming more readily available through traditional lenders. Even with a bankruptcy or foreclose in your credit history, you can still find financing for the purchase of your home. The key to sub-prime mortgages is to do your research and compare both terms and rates.
Your Credit History. A … Read The Full Post
When borrowing money for a mortgage, homebuyers are primarily concerned with simply qualifying. Still, paying attention to the length of the loan is a borrowing tip that can save you a ton of money.
Home Loans. In the mortgage industry, the length of your loan used to be the only major … Read The Full Post
The political landscape this year has been nothing but ugly. It promises to come to full boil with the proposed tax reform eliminating or reducing the mortgage interest deduction.
Tax Reform or Raising Taxes. There is an old saying about the two political parties. Democrats raise taxes while Republicans reform taxes. … Read The Full Post
An effective tool used by home buyers, ARM or Adjustable Rate Mortgages, offers a lower interest rate at the beginning of the loan and the risk of a hike in rates is shared by the borrower and lender.
ARM, is ideal if you are certain about rising income expectations and short-term … Read The Full Post
A mortgage calculator can help you to do many things including understand the terms of your loan. The term of the loan is the length of time that you will hold that loan for. This is often something that you can change to suit your needs. But, in order to know … Read The Full Post
The lower your interest rate on your refinance mortgage, the more money you will save. But not all refinance loans are created equal. To get the lowest interest rates, follow these three tips when applying for you refinancing.
1. Refinance Your Entire Mortgage. Refinancing your entire mortgage will help you to … Read The Full Post
Maybe you’re buying your first home in Alabama, or perhaps you’re relocating to Alabama from another state. Either way, it’s important that you educate yourself on Alabama home loans before shopping for a home and mortgage. This article explains what you’ll need to know before buying a home in Alabama:The average … Read The Full Post
Before choosing to refinance a mortgage, each homeowner should take into account the pros and cons. As a result of declining interest rates, many people reason that now’s the time to refinance. For many, this is a smart move. However, refinancing may not be wisest choice for others. Homeowners should refinance … Read The Full Post
I bet you had the same reaction when you heard “residential mortgages” – you probably thought they are some new strain of mortgages?. Well residential mortgages are our good old mortgages re-packaged with a different name. That makes residential mortgages one of the most reliable, flexible, innovative loan products to frequently … Read The Full Post