Interest Only Mortgage And How They Work
Consumers looking to finance a home will be pleased to learn that interest rates are now at historic lows. In today's low-rate interest market, you may be considering mortgage options in a new light, such as having a mortgage that allows you to pay the least amount of interest. While ...
How Much Mortgage Can I Afford? Here’s All You Need To Know
New to the mortgage industry? Do you have this question in mind, "How much mortgage can I afford?" Well, worry no more! You came to the right place. Purchasing a new house is a major decision that entails a slew of smaller ones. When deciding where to reside, many individuals ...
Credit Score Requirements to Get a Home Mortgage
Credit Score Requirement to Get a Home Mortgage The lending institution determines the minimal credit score required for mortgage approval. However, the credit score requirement can also depend on the type of mortgage you are seeking. Mortgage loans backed by government programs have strict eligibility standards, including credit history obligations. ...
Cash-out Refinancing Vs. Home Equity Loans: All You Need To Know
Cash-out Refinancing Vs. Home Equity Loans - It lets you use your property as collateral to borrow cash. Finding out which option is suitable—may depend on your current mortgage, home value, lender's offer, and creditworthiness. What is Cash-out Refinancing, and How Does it Work? Cash-out refinancing is a home loan ...
How To Build Equity When You Can’t Afford A House
Everyone around you is buying a house and talking about building wealth; this can get really overwhelming when you can’t afford a house. Yes, owning a home is a sure way to build equity, but not everyone can afford this. Due to inflation and the ever-growing price of houses, more ...
Mortgage Equity Withdrawal (MEW): All You Need To Know
What Does Mortgage Equity Withdrawal Mean? Home mortgage equity withdrawal (MEW) is the removal of the owner's stake from the property through a mortgage loan against the property's current market value. A mortgage equity withdrawal will reduce the actual value of property by offering new liabilities against it. Understanding Mortgage ...
