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1st mortgage 

Having a 1st mortgage will protect the lender so that if someone is forced into bankruptcy, the lender will be paid first before any other debt that person had...

 

2nd Mortgage 

but often times you might hear people talking about a 2nd mortgage and you may wonder what that is. A second mortgage is an extra mortgage that...

 

Adjustable Rate Mortgage 

An ARM (adjustable rate mortgage) is one that some people really love, and others really don’t love!...

 

Amortization 

Amortization is a term you might hear when you are looking for a home loan, but you might not know what it means...

 

Annuity 

An annuity is actually a program for your finances that will collect money over a certain amount f time and will increase through interest...

 

Bad Credit Mortgage 

there is a loan called a bad credit mortgage that is specifically made just for people like this. Understanding...

 

Bad Credit Refinance 

The good news is that there are bad credit mortgage refinances that you can get if you have poor credit and own your home...

 

Balloon Mortgage 

the term “Balloon Mortgage” as one of the options for mortgages. You might not be sure what a balloon mortgage...

 

Bridging Loan 

Bridging loans are like signature loans and are common so that you can take out a home equity line of credit to be able to bridge the gap between the sale of the new house...

 

Closing Cost 

A closing cost is something that must be paid on any home that is purchased, but some people do not include that into their budget when they...

 

Conventional Loan 

The conventional loan has been around longer and proven itself better than any other loan. Your parents and grandparents likely...

 

Commercial Mortgage 

You might think that getting a mortgage for a commercial property is the same as getting a home mortgage, but there are a few differences...

 

Down Payment 

Mortgage down payment is necessary when you are purchasing a house, there are different rules for a mortgage refinance...

 

FHA Mortgage 

While all three are widely used for new loans or mortgage refinancing, let’s examine more closely the FHA mortgage. People who have...

 

Fixed Rate Mortgage 

Fixed rate mortgages seem to be the most popular types of loans. If you are thinking of the idea of making a home purchase, or refinancing...

 

Jumbo Mortgage 

A jumbo mortgage is for a larger amount than a regular mortgage. The current cap for a regular mortgage is $417,000, so any mortgage loan over that...

 

Hard Money Mortgage 

hard money mortgage, although expensive, is a type of mortgage being used more and more often for people who need a bad credit mortgage...

 

Home Equity 

Home equity is a common term heard among those working to purchase a home or looking into mortgage refinancing...

 

Home Loan Modification 

home loan modification program helps homeowners convert an existing ARM into a fixed rate mortgage. Basically, the way this loan modification program works...

 

Interest Only Mortgage 

It is the interest only mortgage.  As the name implies, this is a mortgage where you are only paying the interest on the loan, and not the principal... 

 

Mortgage Insurance 

Mortgage insurance protects the lender in case you quit making your house payment and default on the loan.  This type of insurance is usually...

 

Mortgage Interest 

If you decide to do mortgage refinancing, the mortgage interest will work much the same way. For instance, let’s say you have been in your home for 15 years and decide to...

 

Mortgage Lender 

Whether you are in the market for a mortgage refinance, a new home loan, or even a bad credit mortgage loan, it is important to choose a good mortgage lender...

 

Mortgage Rates 

Mortgage rates are fairly simple to understand. Your mortgage rate is the annual interest rate on the amount of money you are borrowing...

 

Mortgage Refinance 

One such term that you should pay attention to is "mortgage refinance."  This is one of the best ways to lower a monthly mortgage payment after...

 

Mortgage Repayment 

Understanding how mortgage repayment works and what it can mean to you will help you decide which loan product is best for you. Your total mortgage repayment...

 

Residential Mortgage 

Residential mortgages are for people looking to buy a home. There are also commercial mortgages for people who want commercial property for business use...

 

Reverse Mortgage 

Reverse mortgage was made for people who are sixty two years old or older and own their home or are super close to having their loan paid off... 

 

Standard Mortgage 

Some of these include a standard mortgage, a traditional mortgage, and a conventional mortgage. All of these mortgages are...

 

VA Home Loan 

VA loan is made just for veterans of any military organization, and in fact if you are not a veteran, you cannot apply for this loan. You will have to...