The real estate loans that come with a specified schedule of repayment, and with the purchased property acting as collateral are known as Mortgages. Mostly, the borrower must put down somewhere between 3% and 20% of the total purchase price for the house. The remainder is treated as a loan with a fixed or variable […]

A second mortgage is a kind of loan that permits you to borrow against the value of your house. In fact, your home is an asset and with time, that assist gains value. It is also called home equity lines of credit (HELOCs). They are a way to utilize that asset for other projects and […]

A second mortgage is a home equity loan or home equity line of credit (HELOC) that utilized the borrower’s home as collateral. It is known as ‘second mortgage’ because the borrower’s first mortgage, the loan acquired to buy the property, is also secured by a lien on the house. In simple words, you will have […]

Getting mortgage loans is not an easy task nowadays especially for those who don’t have good knowledge of it. Due to a number of formalities and paper works, it is difficult for people to get mortgage loans. Though today you may find a number of private money lenders in the market but it is quite […]

When you think of buying a home, you probably are going to make one of the biggest investments of your life. Therefore you have to be very careful before making such big investment. It is always advisable to explore all options to get best possible price for your home as well as the mortgage. Many […]

Private mortgage lenders can often save the day when a simple mortgage pre-approval proves to be difficult and time-consuming. In light of recent economic fluctuations, traditional lenders are looking for a lot more in a loan applicant and are more stringent in their processes. Hence, dealing with mammoth financial institutions like banks can be a […]

Should I purchase a condominium apartment or a house? It’s a common challenge most first-time home buyers are faced with. However, the differences between the two entail much more than the lack of a yard. The decision regarding whether you should purchase a house or a condo depends on your lifestyle and return on investment. […]