The first – and also the most important – step on the road to buying your home is the choice of a mortgage broker. Especially if you are going to sell for the first time and the sales process is…
Category: Mortgage
Most people don’t realize they’re sitting on one of the soundest financial investments in existence. Your home is your best investment, and you can take out a second mortgage on it. Why would anyone want to take an additional mortgage…
Americans are buried under debt. Debt affects almost every American. Some (actually many) have taken a student loan to further their studies and are not able to pay it off. Some have huge credit card debt against previous expenses while…
One of the attractive ways to reduce your mortgage payment is by subletting a spare room in your home. It might seem like a cool idea of using rental income to offset a portion of your monthly mortgage payments. However,…
The fixed and variable mortgage rates are different regarding the funding. The variable mortgage rate is a product that is based on the prime lending rate while a mortgage lender buys fixed mortgages, then sold as a mortgage to a…
When you’re looking into buying a house, one of the things you have to consider is the mortgage. Most people need to spend a good deal of time on this, as it is such an important part of the whole…
Many people find that once they’ve reached retirement, the majority of their financial assets lie in their home equity. Reverse mortgage loans, also known as home equity conversion mortgages (HECM, an FHA program), are an option available to these individuals…
If you are in the process of buying your first house, congratulations are in order. The first home will live long in the memory because it is the sign that you left the nest and finally ascended into adulthood. Hopefully,…
The Mortgage Market Review (MMR) is a set of major reforms to the mortgage market set out by the financial services authority. These new mortgage market reviews are supposed to benefit all market participants by making the markets work better….
If you are considering a second mortgage on your home, you should take some time and learn more before jumping into this decision. You should weigh the advantages and disadvantages to ensure this is the best step to take in…