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Home Mortgage Rates Without The Confusion

Every field has different terminologies for certain concepts and principles, and the home mortgage industry is no different. Looking at home mortgage rates can easily confuse the beginner to home buying. But, it doesn’t have to stop you from getting the best deal. As you read every word of this article, you will cut through [...]

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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 [...]

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What is the Goal of a Foreclosure Hardship Letter?

If you are a homeowner going through the foreclosure process, you will likely have to write a hardship letter at some point.
Are you trying to stay in your home by getting your lender to agree to a loan modification or a repayment plan?
Are you trying to get out from under your home by selling it [...]

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What Will Be In The Budget For Mortgages In Ireland?

While the recent half of one percent cut in mortgage interest rates was very welcome, the likely increase in personal income taxes along with predicted increases in a range of other taxes is likely to offset any benefit in reduced interest rates.
Both the residential and commercial property markets continue to fall dramatically, and there continues [...]

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Multiple Appraisals for a Construction Loan? The Details an Owner Builder Needs to Know

If you want a mortgage, you need a real estate appraisal. If you want to be an owner builder and need a construction loan, you will need two appraisals wrapped into one. An owner builder construction loan will require an appraisal prior to construction and one follow-up appraisal upon completion. Knowing the details [...]

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How to Choose the Right Closing Agent for Your Owner Builder Loan

Owner builder construction loans are more complicated than simple purchase or refinance loans. Whereas these simple loans are typically involve one easy step, owner builder construction loans on the other hand involve the payoff of the land, the construction loan holdback amount, and the conversion to the permanent financing. In other words, that’s three [...]

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FHA Loans: What Are The Benefits?

Have you been looking for financing on a new home, but struggling to find anything reasonable? With subprime mortgages a thing of the past, if you have less-than-perfect credit an FHA loan may be just what you need. An FHA loan is a federal assistance mortgage loan, backed by the Federal Housing Administration that insures [...]

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