Investment Properties And The Current Market
The mortgage industry — wow what a mess. It leaves a lot of people sitting around with a wide-eyed shocked look of ‘what hit me’ on their face. The homes they thought were a secure financial investment, the commercial properties they invested in thinking they were building one of the strongest types of portfolios all [...]
How To Get Out Of A Mortgage Contract
When house hunting, it is a good idea to learn all about the mortgage process. One cautionary area of concern is this: mortgage contracts: possible to get out of one?
How To Buy A House
Buying a house is one of the big investments in one’s life. It is a very technical process, which includes a lot of details. There are people who prefer to buy a house through FSBO, which means For Sale By Owner. In this transaction, there are no real estate agents involved, therefore one has to [...]
What Is A Good Faith Estimate
A Good Faith Estimate or GFE is a written estimate of closing costs that “The Real Estate Settlement Procedures Act requires every lender to provide to a prospective home buyer or homeowner that is refinancing their property within three days of the application being submitted. Keep in mind that the GFE is only an itemized [...]
What Documents Do I Need To Get A Mortgage?
Getting a mortgage quote is the first step to applying for that mortgage and buying the home of your choice. The mortgage quote provided by a lender indicates how much the lender can lend you based on the information you have
Federal Housing Administration And Mortgage Insurance Premiums
Studies show that homeowners with less than 20 percent invested in a home are more likely to default, making low down payment mortgages more risky for lenders and investors. Private mortgage insurance (PMI) and the FHA loan equivalent (MIP), is insurance against default. It is required on all FHA loans.
Refinance Mortgage: When
There isn’t a day that goes by when we don’t see advertisements to refinance your Mortgage. Mortgage lending is a highly competitive business and these companies spend a lot of time and money creating “witty” and “catchy” commercials to convince you to refinance your home. Although they provide pretty convincing reasons in order to persuade you, [...]