You are about to make the most important financial decision in your life – Getting a mortgage. When it comes to mortgage, the competition is fierce and it is crucial that you choose your lender wisely. Here are a few characteristics that are common to
Surprises are not always good! When it comes to mortgage, you have to make sure you understand all the fees and charges involved before making a choice. Amidst the thick pile of paperwork filled with the technical jargons, one gets tempted to skip the details and
PART II How Do I Get the Loan Amount? You can get the loan amount in any of the 3 ways you wish to: • As a lump sum• As a line of credit• As regular payments Needless to say, most of the borrowers go for the ‘line of
PART I How would you react to a deal where you get to en-cash your home equity without having to move out of the property, sell the property or repay anything at all? It may be hard to believe that such a debt instrument exists. But
Simply put, refinancing is paying off an existing mortgage by setting up a new one.There can be more than one reason why one considers refinancing his/her mortgage. But refinancing doesn’t come for free. There’s a substantial cost to bear (that can be up to 6%
With the opening of tax filing, IRS warned tax payers to be wary of tax scams. Many surveys suggest that an upsurge in scam cases happen just at the start of the tax filing season. IRS recently issued some tips and advices for filing returns
Home is the single biggest purchase one makes in his/her life. Since greater is at stake, the greater is the scepticism. No wonder, the subject of mortgage has become vulnerable to presumptions and speculations whether it’s about finding it, qualifying for it or paying it
Making Mortgages Easier! More often than not, mortgage lenders are quite concerned about numbers. So unpoetic of them. But that’s the way it works! The leading surveys show that mortgage rates are expected to rise up to about 5 percent in the year 2014 (by the Ist
Advancements in technology have made life quite simple for all of us. The things that we had to physically go and buy or inquire about can now be done sitting in the comfort of our homes. Who would have thought that we could get something
In a statement issued by Frank Nothaft, chief economist with The Federal Home Loan Mortgage Corporation or Freddie Mac, the mortgage rates are expected to touch 5% because of the qualitative easing by the Federal Reserve. “I do think in the first half of the year