What is a mortgage?
A mortgage is a legal instrument that secures a loan for real property and/or land exchanged by the lender to the borrower. This instrument allows both parties (the mortgagor and mortgagee) to benefit over an agreed upon period of time. The mortgagor may purchase the property without having to pay the full [...]

The Union Budget 2007-2008 has introduced a novel product for senior citizens called as ‘Reverse Mortgage’ and has asked the National Housing Bank (NHB) to draft Guidelines. The Guidelines have now been framed and issued by NHB and many banks / financial institutions are slated to introduce the ‘Reverse Mortgage Scheme’ in the coming months. [...]

Being a Homeowner is the cornerstone of the American Dream, and as such, your mortgage payment is by far your biggest monthly expense. So I think it’s completely justifiable to spend some time reviewing it. In fact, don’t be surprised if this brief article does wonders for your budget. Let’s take a close look and [...]

Making mortgage rates predictions is a little tricky. Financial markets, including those which set share prices and mortgage interest rates, are chaotic systems. This is not to say they are chaotic in the common usage of the term, meaning something with no order to it at all, but they are chaotic in the mathematical sense, [...]

Mortgage planners are a sub-set of financial planners and one area of guidance they offer is “Equity Management”.  Equity in a property makes no interest.  It may often be better utilized to re-strategize your overall financial portfolio and this article will discuss the various opportunities you may have.
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There are many reasons that are put forward as being a viable cause for obtaining home mortgage refinancing, but these may or may not be valid reasons if you look at the total cost of the loan. In most instances, the home mortgage is the single largest financial transaction made by an individual during their [...]

If you are a mortgage broker and you haven’t already figured this one out I will state it bluntly–no one trusts us! Sure there is an enormous amount of finger pointing going on. From Wall Street to Main Street everyone has an opinion on who got us here. Guess what? The customer thinks it was [...]

The FHA loan has become an increasingly popular way to obtain financing for homes in the United States. FHA purchase loans allow buyers to put down as little as 3% when buying a home. Home buyers can even use gift funds for the down payment.
Many borrowers are now realizing that 100% financing is virtually non-existent [...]

In case you are paying more on your monthly payments you should start considering taking mortgage and remortgage advice. More and more people are shifting their preference towards remortgage. Remortgage should rest on some serious thought process for it is a very significant decision. Like mortgage, remortgage entails your home and similarly puts it at [...]

Even in the late 1990s, sub-prime lending was becoming more and more of a problem. The 2001 Expanded Guidance was an expansion of earlier statements about this issue. The agencies’ focus was the responsible use of sub-prime lending to assist sub-prime consumers to win back their credit ratings. Regaining lost credit would enable these people [...]