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How Do I Save Money For A Mortgage
In order to acquire a mortgage loan to finance the purchase of a property, you need to have sufficient cash to pay for the down payment. The usual rule has been a minimum of 10 percent of the property purchase price as a down payment.
Although the dollar value of a down payment is relatively [...]
Should You Get A Sub- Prime Loan For Your Mortgage
A sub-prime loan lender is a lender who lends money to borrowers who do not qualify for loans from mainstream lenders. Often these lenders are independent, and yet more are affiliate with prime lenders operating under different names.
The only clear giveaway are their prices, which are higher than those quoted by mainstream lenders. It [...]
3 Considerations About Home Loans for Bad Credit
I know it can be easy to get discouraged when searching for home loans for bad credit. It can seem impossible to get the loan you need when you have a poor credit record, no matter what you do. Those of you that have experienced this know what I’m talking about and I want you [...]
Mortgage Rates Move Up For First Time In 3 Months
All good things must come to an end. After 12 weeks of falling rates interest rates went up this week. The 30 year rate went back above 5 jumping from 4.96 to 5.12. Below are rates from the last few weeks and October 30 which was when rates first started to fall.
Jan [...]
Mortgage Rates Down For Fourth Straight Week
For the month of October we saw rates bouncing up and down pretty wildly. For the month of November we have not seen any large one week changes but a steady trend downward. The 30 year mortgage rate has moved down for the last 4 weeks. For the most part the other [...]
A Primer for First Time Home Loans
When you buy a new home you will most likely finance that loan. This home loan is known as a mortgage and there are many varieties that can be used based on the needs of the buyer. Mortgages are considered secured loans because they have collateral backing them, namely the home that the loan is [...]