Mortgage Broker vs Real Estate Agent: How They Are Different?
Real estate agent and mortgage broker are two essential agents in the real estate/housing industry. These two agents assist people in acquiring real estate agent properties for personal or commercial use. Yet, they differ in roles and functions and shouldn't be mistaken for the other. Mortgage Broker This is a ...
Mortgage Payment Default: How Long It Takes Before Foreclosure Begins
Want to learn about mortgage payment default? Let's check it out. The act of taking out mortgage payment usually involves borrowing some money to purchase a property (house, land, estate) and gradually repaying the loan in installments. The contract agreement usually contains stipulations on when or how often you will ...
Why Mortgage Interest Rate Differ
Wondering why mortgage interest rate differs? Like traditional banks, mortgage banks and other institutions charge interests that are payable over the mortgage term. This is because you are using the lender’s money to finance your home purchase. The mortgage interest rate is the lender’s reward for borrowing you the principal. ...
Finding the Right Mortgage Broker for You
Frankly, choosing a mortgage might be one of the most significant and trickiest financial decisions you might ever make. With a wide array of mortgages and loan repayment plans, picking out the right plan for you can be downright confusing, and it is pretty easy to find yourself in tight ...
Mortgage Loan Inheritance: How Possible Is It?
Ever wondered if it is possible to Mortgage loan Inheritance on the house? If you have, the answer is yes. A mortgage loan is used to purchase a home, estate, land, or property with payments to the lender in installments, with the property serving as collateral against defaulted payment. What ...
Mortgage Brokers: How Do They Get Paid?
Mortgage brokers are invaluable agents in the mortgage industry. They search for suitable loan packages and equally onboard borrowers while serving as an intermediary between the two parties until the transaction is complete. Remember that mortgage brokers do not offer their services for free. This is how they get paid. ...
