Mortgage Loan Education
-
12 Different Mortgage Types to Know and Understand
When it ...Read ArticleRead Article2 Dangers of a Buydown Mortgage
A buy down mortgage option allows a borrower or seller to pay a lump sum in order to reduce interest rates for a short period of time. By paying the interest up front at a lower rate, the borrower or seller actually reduces ...
Read Article2 Important Details of the Mortgage Bailout Plan
The mortgage bailout plan promoted in response to the 2007 mortgage crisis is often misunderstood. It is not designed to help people with mortgages in good standing. Instead, the plan is specifically made to assist those ...
Read Article2 Instances When Closing Costs Are Paid by Seller
Having the closing cost paid on a mortgage can save you thousands of dollars in up-front expense to home ownership. This liquidity when you first purchase a home is valuable in paying for moving or furnishing the property. The ...