Date

April 2013

What is an Underwater Mortgage?

Mortgage Apr 29, 2013

Anytime that the amount of the mortgage is more than the current home value, it’s considered an “underwater mortgage”. This can happen for a variety of reasons, including home prices falling or repairs and necessary upgrades to the house which make it too expensive for the homeowner to fix it and sell it at a costs that exceeds the remaining…

Types of Mortgages and Home Loans

Mortgage Apr 22, 2013

There are many different types of mortgages, and it’s to your benefit to educate yourself about the various types before moving forward in the mortgage process. This article will help you to obtain a ground-level of understanding with regards to the differences. Fixed-Rate Mortgage In a fixed-rate mortgage, the interest will remain the same for a period of time (generally…

Types of Mortgage Lenders and their Advantages

Mortgage Lender Apr 19, 2013

There are numerous options for mortgage lenders out there, and those new to the mortgage game might feel overwhelmed by all of the options as well as the jargon. This article will help you understand the different kinds of mortgage lenders and the benefits of working with each particular type. Direct Lenders A direct lender is an entity that creates…