The assumable mortgage has been around for ages. The tricky lending practice of loan assumption became popular in the 1970s. During the decade of shag…
Debt consolidation mortgages help homeowners turn the tide on debt and unlock the doors to financial freedom. Many American homeowners are struggling with economic inflation…
What is a chattel mortgage used for? Loan function and utility are the critical components to understanding chattel loans. By definition, chattel refers to an…
Subprime Mortgage Loans: Redefine Possibilities. Also known as nonprime mortgages, provide pathways for high-risk borrowers previously powerless in the financial landscape of homeownership. Overall, getting…
How Do Reverse Mortgages Work? To fully appreciate how reverse mortgages work, let’s explore the various types available and how each type offers distinct features…
Homeowners often contemplate when to refinance mortgages; obviously, securing a lower interest rate is usually the best reason to refinance. With interest rates rising yet…
When it comes to real estate investments, adopting financing strategies for property rehab and securing the best loans for flipping houses is crucial. Of course,…
Savvy homeowners hold the power to not only navigate their financial future but to unlock their property’s potential in one easy step: mortgage refinancing. In…
When mortgage rates plunge, the entire economy shifts. Let’s unpack the ripple effect that impacts the homebuying process, the housing market, and the effect that...
From mortgage term basics to complex financial terms, everyone benefits from clarity. If mortgage paperwork looks more like alphabet soup than a contract for buying...
Essentially, mortgage backed securities (MBS) are the backbone of the American housing market. By turning groups of home loans into bundled securities that can be...