Let's go over exactly what a 1st
mortgage is, how it works in the home buying process, and what it means to you as the borrower read more...
A 2nd mortgage is just that, a 2nd mortgage. For
example, if you have a home that is worth $300,000 dollars, you may have a first mortgage for $250,000 and a
second mortgage for $50,000 read
Adjustable Rate Mortgage
An adjustable rate mortgage can have different payment
terms such as 15 years, 20 years, and even 30 years respectively read more...
Amortization is the calculation that
is used to calculate the amount of interest and principle that is paid during the life of a loan period read more...
Bad Credit Mortgage
While it is true some lenders may take the
risk to qualify those people individuals with bad credit for a mortgage, it is important to give some extra
explanation to help one understand exactly what a bad credit mortgage is and how it works read more...
Bad Credit Refinance
Let's go over some of the particulars about what a bad
credit refinance is, how it works, and how one would obtain this type of refinance program read more...
In the USA, bridging loans are also considered
to be signature loans, and many people use their home equity lines of credit to be able to foot the bill
Mortgage Closing Cost
One of the things that many people don't account for when
buying a house is closing costs.
To help you better read
A commercial mortgage, a
business credit score is used, which can be quite complex if several investors are being co-signed in order to
ensure the repayment of the loan read
Conventional Mortgage Loan
conventional loan is your run of the mill 15, 20 or 30 year fixed rate loan. What makes them so normal is that the interest rates are based off of the
prime rate read more...
getting mortgage refinancing, a mortgage down payment is usually not
needed. The only reason a down payment would be read more...
FHA mortgages have been a
great help for those looking for a bad credit mortgage in order to get them into a home read more...
Fixed Rates Mortgage
One of the most popular mortgage programs is that of a fixed
rate mortgage program. To help you better understand more about fixed rates mortgages, let's dive into read more...
Hard Money Mortgage
What exactly is a hard money mortgage? First let's start with
what "hard money" even means. Hard in this sense means
that its harder to get it, which means read
Let's go over what home equity is and why it is such a key
component to the loan mortgage qualification process read
Home Loan Modification
loan modification is an option that has been determined by the government to give homeowners a way to convert
their existing mortgage into read
Interest Only Mortgage
An interest only mortgage is very common on adjustable rate
mortgages and on mortgage refinancing options such as a HELOC or second mortgage
Jumbo mortgages can be obtained
through purchasing, or mortgage refinancing. Back in the day, there were several jumbo bad credit mortgage programs, but now read more...
Mortgage interest can either be at a fixed rate, or it can be
adjustable depending on the type of loan product that you ended up choosing read more...