Mortgage
Proven Advice on Mortgage Pre-Approvals
If you are thinking about purchasing a new home be aware of the difference between a pre-approval for a mortgage and an actual approval. Most people are unaware of what the difference is between the two and not knowing can end up ruining your life financially.
A pre-approval letter is something you secure from a [...]
Today’s Market: First Time Buyers Are Happy
Applying for a first mortgage can be a daunting task for the potential first time home buyer. Most first timers do not realize just how much is entailed. Yet, according to many real estate agents, first time home buyers are driving today’s housing market.
Today’s housing market that is actually booming right now is [...]
What You Need to Know About How Construction Loans Really Work
The loan process you follow when searching for a construction loan has some similarities to that of obtaining a regular mortgage. You will still be judged on your income, credit, savings and monthly debts just like a regular mortgage.
However, with a construction to permanent loan, there are a few additional factors that lenders consider. [...]
The Many Misconceptions About Mortgages
There are many misconceptions about mortgages which I hope this article will put right. Often referred to as a mortgage home loan, they are not a loan in the traditional meaning of the word. There are three terms that you need to learn that are used: the first is mortgagor (the property owner), the mortgagee [...]