Posted by Batool Shamim on August 22, 2011 ·
Now days it is difficult for lenders to offer large scale loans to lenders who are willing to buy a property but can’t afford large down payments. Private mortgage insurance policy is made for such lenders and borrowers.
Posted by Batool Shamim on July 23, 2011 ·
Veteran Administration loans are the ideal home loans for many veterans who are unable to finance their new home purchases. However, along with many benefits there are some setbacks of VA loans. It is recommended to veterans willing to take out these loans to understand the specifications of these loans prior to taking them out.
Posted by Batool Shamim on June 13, 2011 ·
Home price appreciation in costs versus benefits analysis is the most important variable in a homeownership. Besides, intangible benefits like peace of mind, pride of ownership and security.
Posted by Batool Shamim on May 12, 2011 ·
It is the worst practice to sell the home on less price than the value of mortgage you have to pay. It is best that renting your home if you find an apartment on less rent to your home than the difference of your home, and your renting apartment can help you to reduce the debt value. Keep living in that apartment until you are sure you can pay all mortgages or take a small loan and pay all these as soon as possible.
Posted by Batool Shamim on March 20, 2011 ·
The major benefits for home mortgage finance include the tax deduction allowed for interest cost of mortgage. The deductions are allowed subject to fulfillment of some conditions. The home equity is calculated by deducting mortgage amount from the fair market value (FMV) of home. Owners prefer use of equity for their other loans which carry higher interest costs due to admissible tax deductions.
Posted by Batool Shamim on August 14, 2010 ·
Buying a house is a big decision in one’s life. You should be totally prepared and aware of the expenses that will arise in purchasing a house before you jump into it.
