This is a question on many people’s minds. If you are in the market to get a mortgage, you are definitely learning about the details of government-sponsored mortgages. They seem fantastic, in that they really assist the purchaser in getting a mortgage. However, what are the drawbacks of these types of mortgages? And what is […]
what is one of the disadvantages of getting a government-sponsored mortgage? Read More »
What is a mortage? A mortage is an agreement between you and a lender. The agreement gives the lender the right to take your home if you fail to make your mortage payments. Mortage loans are used to buy a home or to borrow money against the value of a property you already own. What is a
You may have seen this term before when you are reading articles about mortgages. Equitable Title is a beneficial interest in real property (a house) that gives the title holder the right to acquire legal title to the property at a later stage. If you read that paragraph carefully, you would know that Equitable Title
What Does Equitable Title Mean? Read More »
What do you think is the biggest factor in determining the price of a mortgage? Is it: -The interest rate? -Your down payment? -The cost of the home? -Or is it something else? The price of your mortgage will have an impact on your payments. Generally speaking, the higher your mortgage is the higher your payments will
THE BIGGEST FACTOR IN DETERMINING THE PRICE OF A MORTGAGE IS Read More »
How long does it take to get a mortgage? Probably longer than you think. When lenders are issuing a mortgage, there is a lot of due diligence that they have to do. Some of these tasks include, verifying the purchaser’s income, assets, and doing a credit check on the borrowers. They may have to confirm their
how long does it take to get a mortgage? Read More »
sell your house If you are wondering how to get out of a mortgage, there is one important thing for you to know. The fastest way to get out of your mortgage is to sell your home. If you do this you can then use the proceeds of the sale in order to pay off
HOW TO GET OUT OF A MORTGAGE Read More »
A very important thing to know about mortgages is the concept of ‘collateral’. Yet, mortgages can be very complicated if you don’t know much about them. Whenever you get a mortgage, you will almost always need to put up a form of collateral as a guarantee that you will pay back your debt. When you take
WHEN YOU TAKE OUT A MORTGAGE YOUR HOME BECOMES THE COLLATERAL Read More »
