Interest-only mortgages are loans secured by real estate and they are very much viable for the first time home buyers, but most people associate this type of loan to the higher risk, which is not true.
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real estate
If currently you are shopping around for a mortgage, then probably you have seen that they come in all shapes and sizes. You would find interest rates that can be variable or fixed, loan terms range from a few years to 30 years (and even 40 years in some of the cases), lenders would also give you…
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A reverse mortgage or lifetime mortgage is a type of loan available to senior people, allowing them to transfer a portion of the home equity in to cash. This can be taken either in one go or multiple payments, which ever suits you.
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Here in this article I will give you an introduction to FHA Loans. But before that let me first tell you the purpose behind the establishment of FHA.The U.S. Federal Housing Administration (FHA) was established in 1934. FHA was aimed at offering ownership opportunities to those people who…
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A short sale is known as that type of real estate transaction in which a property is sold for an amount less than the bank is owed. As implied by the term “short sale”, the bank comes up “short,” but it may decide that rather than foreclosing a property it is better to allow the property…
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The Mortgage Fraud defines as when you dough or try to dough your Lender in any way that is called Mortgage Fraud. This could be done either by giving fake documents about property or obtain larger loan than the value of property.
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Just when we have started thinking that we might be building some momentum we got slammed with a lousy August having a local home sales down to 13.2 % from last year.Even more discouraging thing is to know that there is a decline in sales from July to August which in normally conditions is in the 10 percent range. This year we have found it to be…
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Mortgage company Freddie Mac said that this week the average rate for a 30-year fixed mortgage was 5.07% , which has fall from…
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In a mortgage fraud case that involved the sale of 24 homes in Houston suburbs, Former NBA player Grant Gondrezick has been pleaded guilty.The plea by the 45-year-old Gondrezick has been announced by…
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