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 ...
Loan-to-Value Ratio (LTV): Your Ultimate Guide
The (LTV) loan-to-value ratio is a financial measure that compares the size of the home loan to the value of an asset purchased with the loan's proceeds. Financial companies and lenders examine the LTV ratio to determine the risk associated with the home loans before approving any mortgage. Typically, loans ...
7 Ways to Borrow When Retired
Many retirees believe that they can't obtain a loan (car, house, or emergency) because they no longer receive a salary. Although it may be challenging to borrow when retired, it's far from impossible. According to most experts, you should avoid borrowing from retirement plans such as 401(k), individual retirement accounts ...
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 ...
Buy a Home Now: Some Reasons To Go For It
7 Reasons to Buy a Home Now The coronavirus pandemic has forced many of us to take a break from our typical lives and get used to a new system of working from home, educating children at home, and developing creative ways to entertain ourselves and our family without leaving ...
Home Appraisal: Everything You Need To Know About It
If you are bidding to purchase a home and the lender's home appraisal value is lower than your bid value—the lender will not approve the mortgage loan even if you are eligible. Therefore, you may need to provide additional cash to begin the home purchase process. How the Home Appraisal ...
