Not everyone knows the most important things that he or she should keep in mind when applying for a mortgage loan. At times, they go to buy a home when they see that the interest rates and the prices of homes are coming down. However, it’s important to know that the process of applying for […]
Read More »If you are planning to apply for a home loan, check out the following helpful tips to get your application approved. Know Your Credit Score Credit activity and credit scores will greatly affect your mortgage approval. Lenders usually require minimum amount of credit score that should be maintained so that your conventional mortgage loan request […]
Read More »Buying a home will be, for most people, the biggest financial investment of one’s life. Being that 99% of us cannot afford to buy a home outright, we will need to take out a home mortgage loan from a bank or other financial lending institution. There are many mortgage options out there and an inexperienced […]
Read More »Many loans’ interest rates are at an all-time low right now, so it’s so common to see people refinancing student loans, car loans, and mortgages. But many people just see the amount of money they’re saving through refinancing the loan-they, it seems, fail to evaluate the terms and conditions of refinancing loans for their businesses. […]
Read More »The common terms used to describe a mortgage involve the “creditor,” the “debtor,” and “mortgage broker.” It may be self-explanatory as to what those terms mean, but there are other terms involved with a mortgage as well that a homeowner may not be completely familiar with. Let’s cover some of them here: Creditor The creditor […]
Read More »If you buy a house with less than 20% down or if you haven’t built up at least 20% equity before mortgage refinancing, you’ll typically have to pay private mortgage insurance (PMI). This protects the lender in case you default on the mortgage loan. The U.S. Public Interest Group in Washington and other consumer-advocacy groups […]
Read More »With the refinance 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 did not disappear with the refinance boom, so 2nd mortgages and home equity loans will be the loans of choice for […]
Read More »Mortgage advice overwhelming you? Many people get advice from everyone on the planet when they talk about purchasing a home. People tell them their version of advice on most important factors and expect the potential home buyer to do as they have instructed. What is good advice and what is bad advice? Use common sense. […]
Read More »Owning a commercial property in the United States is the dream of almost every Canadian citizen living in the USA. Many of them have no idea of how to obtain a commercial finance or mortgage. Certainly, purchasing a commercial property in the US presents its own challenges, if you are not a US citizen, rather […]
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