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December 22, 2006 Mortgage Broker Company - Home improvement loansHome improvement loans are loans used to repair or improve your house or property. They will maintain or increase the value of your home and property. So anything that will increase the value of your house or property from remodeling … December 21, 2006 Mortgage Broker Company - Buy or sell?Many people do not live in their original first home forever. Some sellers will let you buy their home and then once you sell your home you can finish the purchase or you can rent a place after you sell your … December 17, 2006 Mortgage Broker Company - A mortgage refundA mortgage refund is paid to the home buyer for using a particular mortgage company broker. Different mortgage brokers offer different incentives. Most offer pay structures that offer higher refunds for higher mortgages. Refunds help the mortgage broker get repeat business and … December 15, 2006 Mortgage Broker Company: Some tax tipsThe interest that you pay on your home mortage is usually tax deductible. Each year you should receive Form 1098 from your lender which gives you the info on what you paid in interest for the year. Then have your … December 12, 2006 Mortgage Broker Company: Biweekly mortgageBiweekly mortgages are available if you want to pay off your mortgage earlier than a traditional 30 year loan. Payments to your mortgage loan twice a month can reduce your interest on that loan greatly. It is easier for people … December 11, 2006 Mortgage Broker Company - Can you build up home equity faster?You can refinance your mortgage to shortern your term of payments. Even though you have higher monthly payments you will build up equity faster and pay far less in total interest over the life on the mortgage loan. Can’t afford it? … December 7, 2006 Mortgage Broker Company - Value Added LoansThis is a loan I had not heard of that I guess is quite new. It is used for when you are making major improvements on your home that will substantually increase the value of your home. Instead of lending you … November 30, 2006 Mortgage Broker Company - Conventional and Non-Conventional LoansCnonventional is not insured or guaranteed by the federal government. Ther are two types of conventional loans conforming and non-conforming. A conforming loan is one that follows the underwriting guidelines of Fannie Mae and Freddie Mac. Conforming loans have 3 … Mortgage Broker Company - Primary vs Secondary MarketThese are not primary and second mortgages. Primary mortgage lenders deal directly with you the public. They originate loans and then lend you the money. They sell the mortgage notes (in a large package - meaning more than one loan together) … November 28, 2006 Mortgage Broker Company - Closing CostsA lender will usually prepare a “Good Faith Estimate” of closing costs. The lender prepares the estimate of the costs you may have when buying or refinancing your home but may not list all potential costs. The lender may not … |
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