I can’t speak for everyone in America, but in my experience few people can afford to buy a house in Pasco, WA and pay with cash. At the current selling prices of homes, someone would have to save up for decades just to have enough money to pay for it. But fortunately, there is something […]
One of the popular ways to save money on mortgages is to use what is known as the biweekly mortgage payment plan. With the biweekly mortgage payment plan the borrower makes payments on his mortgage every two weeks, instead of once a month. The biweekly payment is one-half of the monthly payment. […]
Just like the saying “Every rose has its thorns”, every mortgage has its risks and benefits. The type of mortgage you obtain will depend upon your individual situation and what you think you “really” need. The purpose of a specific mortgage loan type needs to be considered here since the decision for one mortgage […]
For the first time home buyer, buying your first home is one of the most exciting things you will ever do. If you have spent years living in apartments, there is nothing more satisfying than owning your own property. The process can be a little lengthy and you might hit a few bumps […]
If you put less than 20 percent down on a home mortgage, lenders often require you to have Private Mortgage Insurance (PMI). PMI protects the lender if you default on the loan. The Homeowners Protection Act of 1998 - which became effective in 1999 - establishes rules for automatic termination and borrower cancellation of PMI […]
Here is a press release from the National Association of Mortgage Brokers highlighting the results of a study done by George Washington and Oklahoma State Universities. The link for the study results is listed in the press release.
What you should do, if you are a mortgage broker, is print this press release, write one similar […]
A penny saved is a penny earned, and if you’re like me, you would rather make money by doing very little than by making money by the sweat of your brow. There are a lot of people who could be saving over $100,000 just by making the right moves on their home mortgages. […]
The Council of Mortgage Lenders Repossession Risk Review shows a significant rise in the number of repossessions and mortgage arrears. Numbers of people with arrears of more than six months rose to 46,290 in the second half of last year, up from 38,130 in same period in 2004. That is a jump of nearly 21 […]
There are plenty of benefits to the retirement years, one of which is the ability to finally enjoy the time that was so limited during the years of building a career and raising a family. The catch 22 is that along with the extra time retirement offers there is often less money with which […]
There comes a time in many people’s life when we crave for more financial stability and wealth, but a limited fund prevents us from securing what we so earnestly desire. But if you are lucky enough to own a home already, this asset can provide you the means for furthering your dreams through the home […]
