Private Mortgage Insurance Basics
Private mortgage insurance is usually required when you take a mortgage loan. In fact it is generally included in your…
PITI: Principal, Interest, Taxes, and Insurance.
Sounding just like ‘pity,’ PITI stands for Principal, Interest, Taxes and Insurance. The term is used in relation to mortgage…
Mortgage Basics: Hybrid ARM (Fixed-Period ARM)
Mortgage terminology is often confusing to people and the hybrid ARM, or fixed period ARM (adjustable rate mortgage,) is a…
Mortgage Questions: Mortgage Terminology Explained
The mortgage questions we are asked are often based upon mortgage terminology. We shall start with some that relate to…
Mortgage Basics: Prepaid Interest and Escrow Accounts
Many find it difficult to understand the concept of ‘escrow’ in general. We shall try to make that clearer here.…
Mortgage History: Subprime Mortgage Crisis and Mortgage Derivatives
Half a decade on, and have we learned from the subprime mortgage crisis? Are mortgage derivatives now secure, and can…
Home Inspections: Reasons for Attending a Home Inspection
Home inspections are important to home buyers, and it is worthwhile for you to attend a home inspection when buying…
Mortgage Term Options: 15 or 30 Year Mortgage?
Of the two mortgage term options, is the 15 or 30 year mortgage period better? These are the two common…
Interest only Mortgages and Deferred Interest Loans
Interest only mortgages and deferred interest loans are options to the normal way of paying mortgages and loans. They can…
Storm Cleanup Tips: Cleaning Your Home After a Storm
The following storm cleanup tips are not only about cleaning your home after a storm for cosmetic reasons, but also…