Tag Archives : mortgage lender

Buying A Property In A Short Sale

Buying A Property In A Short Sale

Buying a property in a short sale has more demerits than its merits. A short sale is a time consuming and patience testing transaction. You must not indulge in short sale. But if you want to purchase property in a short sale then you must hire an experienced agent. And before the final decision of purchase you must make sure that whether the creditor has become defaulter or not.

Important Steps to Follow When Buying New Home

Important Steps to Follow When Buying New Home

If you are considering buying a home first time then you should be aware of a number of factors that are important to take good decision regarding home buying. You should consider your down payments, interest rates and other things.

Where to Find Mortgage Lenders

Where to Find Mortgage Lenders

Mortgage lender is any bank, financial or some other institution that lend you loan to purchase home. You must search for the best mortgage lender who fulfills your requirements. You can search for them through new paper as well on internet. The repute o mortgage lender is also a vital factor in making the choice.

How To Get The Best Refi Rates?

How To Get The Best Refi Rates?

When you receive certain quotes, make sure you asses them before accepting one of them. The factor which you need to asses is the markup attached to your quote. Often what brokers do is that they add an amount to the final quote which is their part of the commission. Besides this, they use discount points to generate fees and this method now has become outdated in the market. Therefore, make sure your quote is on par value with those in the market.

Advantages & Disadvantages of Reverse Mortgage

Advantages & Disadvantages of Reverse Mortgage

Reverse mortgage is specially designed for citizen who are 62 years of age or more. Reverse mortgage is quite different from other mortgages. There are no strict requirements to apply for this loan. It has become a popular loan in recent years and people have more curious about its advantages and disadvantages.

Foreclosure Loan Benefits

Foreclosure Loan Benefits

In hopeless times like foreclosure of home, a foreclosure loan is a ray of hope. This can make your drowning ship to float again on surface.

Who Owns Your Home Mortgage?

Who Owns Your Home Mortgage?

If you’re having trouble with your mortgage, and are trying to contact somebody who can assist you with your issue and cant find one, you are very well caught up in the mortgage web. Find out who owns your mortgage.

What Is Yield Spread Premium?

What Is Yield Spread Premium?

Many people don’t know about a yield spread premium. It is a set of fees paid to the mortgage broker by the mortgage lender in return for the amount of loan that contains higher interest rate. The rate that is above the par rate is known as the higher interest rate. Whereas, the rate that [...]

Mortgage Amortization and GPM,A Comparison

Mortgage Amortization and GPM,A Comparison

Mortgage amortization offers reasonable assurance that the loan amount will decrease with each passing year while on the other hand,GPM is a negative amortization system,that is,the loan amount increases steadily every year.Which method is to be adopted depends on home buyer’s preferences.

Mortgage Loans Categories

Mortgage Loans Categories

Mortgage loans are taken to purchase a house or any immovable property.The major investment that you make in your life is the investment in your home. So you must have to be cautious in investing this money.Usually these lenders falls in four categories or loan types.The first and the most important type of mortgage loan is the fully documented loans.This is the fundamental product designed by the lender for their prime customers.Stated income loans are a bit expensive mortgage loans.Third type of loan and the mandatory condition for eligibility of this loan is high credit rating and asset documentation.Fourth type of mortgage loan is the loans with no documentation and extremely risky in nature.

© 2011 Loan Mortgage Credit!. All rights reserved.