January 29, 2007

Mortgage Broker Company - Invest in property with little money for mortgage.

Filed under: Mortgage Broker Company - 29 Jan 2007

One way to invest in property if you have a small budget is to buy a cheap house and then fix it up.  Or you can look for a house that has not been completed yet and complete the inside …

January 18, 2007

Mortgage Broker Company - Difference between a deposit and a downpayment

Filed under: Mortgage Broker Company - 18 Jan 2007

When you are buying a house, and working through the process of an Agreement of Purchase and Sale, the real estate agent will ask you for a deposit.  This is what is called “good faith” money.  It shows the real …

January 5, 2007

Mortgage Broker Company - Plan your home purchase carefully.

Filed under: Mortgage Broker Company - 05 Jan 2007

Plan carefully before buying your first home.  Do you have someone to make repairs? do maintenance? Can you afford to pay someone to do this for you?

Are you planning to live a long time in the area? Planning on changing …

Mortgage Broker Company - Does your real estate agent work for you?

Filed under: Mortgage Broker Company - 05 Jan 2007

There are buyer’s agents and seller’s agents.  The agent must tell you who they are representing.  This can be done with a disclosure agreement that you sign that clarifies whether or not the agent is working for you or the …

January 4, 2007

Mortgage Broker Company - What should you know before buying a home.

Filed under: Mortgage Broker Company - 04 Jan 2007

First of all find out what you can afford. What is your financial position?

What are you looking for in a home? Do you want privacy or to be in the city? Do you want a 1 bedroom or 4 bedroom?  …

Mortgage Broker Company - Obtaining funds online to finance your home.

Filed under: Mortgage Broker Company - 04 Jan 2007

Applying online can be a very simple and easy way to apply for a home loan.  No lines, no hassle, etc. Just make sure all your information is safe.  Make sure the lenders website is secure.

After you find a lender, …

January 2, 2007

Mortgage Broker Company - Refinance after chapter 13 bankruptcy?

Filed under: Mortgage Broker Company - 02 Jan 2007

When you file chapter 13 you prepare a plan to pay back your creditors over a period of time.  You can get your finances in shape.  So you can look at refinancing approximately some say 6 months but figure a …

January 1, 2007

Mortgage Broker Company - What is property tax?

Filed under: Mortgage Broker Company - 01 Jan 2007

Property taxes are taxes that are based on the assessed value of your home.  They are paid by you for community services such as public works, schools, and other costs of your local government. 

Taxes are paid as part of your …

December 24, 2006

Mortgage Broker Company - Are you going to refinance?

Filed under: Mortgage Broker Company - 24 Dec 2006

You may want to consider refinancing if you have an ARM, you might want to consider a fixed rate.  This way you will have no unpleasant surprises if interest rates got up again.

You will have to pay closing costs again.  …

December 21, 2006

Mortgage Broker Company - What is the real cost of your mortgage?

Filed under: Mortgage Broker Company - 21 Dec 2006

Well there are four elements.

There is the principle which is the amount you wish to borrow and which must be repaid.

Next is interest.  That is the cost that the lender will charge you to use their money while you pay …

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