Tag: Mortgage

Posted on 05/08/2022
5 Ways Sellers Can Reduce Their Risk When Offering Financing
Seller financing is an excellent option for some property buyers and sellers. However, no matter the type of financing the seller offers, they are taking on a sizable amount of risk. Underwriting and supplementing a mortgage means dealing with the consequences if the buyer defaults on the loan. This is one reason many sellers hesitate to offer financing....
Financing
Financing
+ 11 more
Read More
Posted on 10/11/2020
Financing with a Mortgage Lender
Photo by Helloquence on Unsplash When financing a home purchase, one of the most basic decisions to make is where to get your mortgage from. The basic options are whether you should go to a mortgage lender or not. Financing with a mortgage lender has both pros and cons. Pro: Many Loan Options If you go to a...
Mortgage
Lending
+ 1 more
Read More
Posted on 03/01/2020
Grow Your Portfolio with an Assumable Mortgage
Image by Tumisu from Pixabay It's easy to think that investing in real estate is an incredibly expensive venture. You may think you need thousands if not tens of thousands saved before you can even think about it. But there are ways to jumpstart your portfolio even if you're renting one of the cheapest apartments in your neighborhood....
Investment
Mortgage
+ 2 more
Read More
Posted on 01/12/2020
Home Loans That Require No Down Payment
Perhaps one of the most challenging things about buying a home is saving for the downpayment. Collecting such a large sum of money can be difficult. The truth is that most buyers actually think that they need more than they actually do to buy a home. The downpayment doesn’t need to be a barrier to your path to homeownership....
Saving For A Downpayment
Mortgage
Read More
Posted on 09/29/2019
Should You Borrow Against Your Home?
Borrowing against your home is called home equity. Home equity is the value of your property after deducting your remaining mortgage balance and is one of the sources of income for homeowners. After ultimately paying off your mortgage, it’s possible that the value of your property increases – which also increase your equity amount. If you live in...
Borrowing
Mortgage
+ 1 more
Read More
Posted on 09/26/2019
Understanding Your Mortgage: Prepayment Penalties
Photo by Steve Buissinne via Pixabay Most are familiar with the key components of a mortgage: how much you're borrowing, what your interest rate is, how many years you'll be paying your mortgage back. There are many, however, who do not understand some of the finer details, including what prepayment penalties are and how they may affect you...
Mortgage
Mortgage
+ 2 more
Read More
Posted on 09/22/2019
Should Avoid Paying Off Your Mortgage Early?
Deciding not to pay off ahead on your mortgage can be a decision made because you want to divert your cash to another investment. If you have an investment that is certain to yield interest or because you have a certain way you have planned your finances, paying the full mortgage earlier than due has no place on...
Mortgage
Personal Finance
+ 1 more
Read More