Tag Archives : mortgagor

Are You Thinking To Buy a New Home?

Are You Thinking To Buy a New Home?

When you look for house, affordability should be your priority, but you should be strong enough to understand that you will want to live in the chosen home for a period of ten-year minimums. If you don’t consider this, then you might end up with a home you cannot afford in a locality that you want to leave.

How to Find a Foreclosure Specialist

How to Find a Foreclosure Specialist

Foreclosure is the legal option that is normally used by mortgagee, if the mortgagor crosses the stipulated time in agreement and is unable to make payment. Hence, the house owner tries to find the services of some foreclosure specialist to assist him in avoiding the foreclosure. However, one must not fall a prey to fake experts, but must find the genuine one.

Federal Housing Administration Loans

Federal Housing Administration Loans

Federal housing administration loans are offered by federal government and they are completely financed by federal government. Anyone can avail these loans as they are not limited only to the first time home buyers. There is a limitation of amount in FHA loan and this is the main drawback. There is a long list of required documentation to apply and processing FHA loan. On the whole, FHA loans are the best available option for the first time home purchasers.

Who is a Mortgagee?

Who is a Mortgagee?

A mortgagee is known as that entity that perform the role of a lender to a borrower for the purpose of buying a piece of real property. In a real estate transaction, for completing the deal the lender handover the necessary funds to the borrower or mortgagor. As we all know that buying a home is quite often a lengthy endeavor, so for that reason the lender and borrower begin a professional affiliation that continues over…

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