Second Mortgage or Refinance: Benefits of a Second Mortgage
A second lien is also known as a second mortgage. It is different from refinance in that your mortgage arrangements…
What Is a Short Sale on a Home and How Does it Work?
What is a short sale and how does it work? How many times have we heard these questions? Too many…
Mortgage Backed Securities and Mortgage Derivatives
Mortgage backed securities (MBS) are also known as mortgage derivatives and mortgage-backed bonds. They are a form of investment that…
Mortgage Underwriting: What is a Loan Underwriter?
Mortgage underwriting is an important part of the mortgage process. A loan underwriter assesses the risk of offering a mortgage…
Gift Letters: What is a Mortgage Gift Letter?
Gift letters involve the provision of money to borrowers to enable them to make a down payment. A gift letter…
Reverse Mortgages: What is a Reverse Mortgage
Reverse mortgages are forms of equity release whereby homeowners over 62 years of age can utilize the equity in their…
Three Ways to Improve Curb Appeal When Selling Your Home
When selling your home, curb appeal is very important. First impressions count, and potential buyers are likely to make a…
Why Employment and Jobs Data Affects Mortgage Rates
As the number of jobs available to Americans rises and the employment rate consequently increases faster than expected, mortgage rates…
Simple Interest Mortgages Vs Regular Mortgages
The fundamental difference between a simple interest mortgage and regular mortgage is in the way the interest is calculated. With…
Home Improvement with Energy Efficiency Tax Credits
Most forms of home improvement will increase your equity. Energy efficiency tax credits enable you to do this and save…