Advantages of Mortgage Loan: Think before you take it out
What are the advantages of mortgage loan? Are you looking to buy a home? Buying a beautiful home is one of the main dreams of an American. However, since going to buy a home is a considerable expense, many people have to mortgage to get it done. Unfortunately, many of ...
Second Homes vs Investment Properties: In-depth discussion
Buying a second home with a mortgage can be very easy if you can differentiate between second homes vs investment properties. Most of us may mix that both have the same background. But never, not the same. In short, investment properties claim your tax deduction by claiming operating expenses and ...
Recent Mortgage Mergers and Layoffs: An Overwhelming List
Yes, you have read it right, we are going to share a list of recent mortgage mergers and layoffs here. Economic depressions and foreclosures of big companies have been common for centuries. Rewinding back to the Great Depression, many banks failed at that time, but they were not due to ...
Fixed Interest Rate (FIR): All You Need To Know About It
What Is a Fixed Interest Rate (FIR)? A fixed interest rate (FIR) is a constant rate charged on liabilities, such as mortgages or home loans. It can be applied to the entire loan term or for part of the term, but it remains unchanged for a specific period. A mortgage ...
Can Students Get a Mortgage?
Can Students Get a Mortgage? It may be challenging to earn a mortgage at any stage of life. But can students get a mortgage, or does this status alone take the opportunity off the table? In fact, as a student, it would not be easy to receive approval for a ...
Appraisal Contingency: What is It and How Does It Work?
What is an Appraisal Contingency? An appraisal contingency protects homeowners from overpaying for a property in an unstable market. This clause is included in the purchase agreement, and the buyer has the right to withdraw from the transaction if the house's appraisal value is lower than the sales price. When ...
