Choosing the right mortgage involves knowing how mortgage rates work. Mortgage rates are affected by several factors. One of them is the type of mortgage consumers take. There are two types of mortgages available in the market. The first one is a fixed-rate mortgage, where the rates are set for the duration of the loan […]
Continue Reading
If you’re over 62 years of age and have significant equity in your current property, you may qualify for a reverse mortgage. Since the 2008 credit and mortgage crisis, many have been worried about getting reverse mortgages. Today, it’s once again a very viable option. It’s true that in 2008, the credit markets contracted, meaning […]
Continue Reading
There’s a common misconception that bankruptcy will kill your chances of getting a home loan. This isn’t true. In fact, surveys have shown that it’s possible to get a loan as quickly as 18 months after filing bankruptcy. Though that’s an exception rather than the rule, it’s not at all unreasonable to try and purchase […]
Continue Reading
Every man and woman wants to become rich. All of us are fighting for a better life. How can we make a fortune legally out of other people’s homes? There is actually a way to do this. If somebody has many debts towards different directions he / she will have to sell their homes. You […]
Continue Reading
Since the 2008 real estate bubble meltdown, an unprecedented number of Americans have opted to do what’s called “strategic default.” This is when you choose to default on your mortgage not because you can’t afford it, but simply because it makes more financial sense than any of your other options. What specific conditions might warrant […]
Continue Reading
What mortgage loan types are available for those who wish to fulfill the dream of owning a home? There are several loan types available and each has its advantages. The three major loan types are VA, FHA and conventional. A conventional mortgage loan is the most basic type and the easiest to understand. When you […]
Continue Reading
Are you age 62 or older and considering a reverse mortgage? These can be hard loans for many to understand, but they can be beneficial if you’re elderly and in need of some extra cash. It doesn’t have to be paid back right away. Generally, it doesn’t get repaid until the last homeowner has passed […]
Continue Reading
