Glossary of Common Terms Used During the Mortgage Process
APR - This stands for Annual Percentage Rate. It enables you to compare the full cost of the mortgage. Rather than just being an interest rate, it includes up front and ongoing costs of taking out a mortgage. The formula for calculating APR is set by Government Regulations and therefore enables ... more...

Mortgage Glossary of Terms
A brief list of some of the most common Mortgage terms.Adverse Credit The term used if the borrower has a poor credit history. This could include previous mortgage or loan arrears, bankruptcy or CCJ's. Other terms used to describe an adverse credit mortgage include: Bad credit mortgagePoor ... more...

The Truth About Shopping for Mortgage Rates
With so much lender advertising focusing just on rates, you may not be aware of the importance in choosing an experienced, reliable loan professional who can match you with the appropriate loan program. Good loan officers and mortgage brokers may quote todays rate when asked, but they will quickly ... more...

The Worst Way to Shop for a Home Mortgage
You've found a house that is perfect for you. It is so appealing that you're willing to endure the hassle of obtaining a mortgage.It is downright frustrating to shop for a mortgage these days. First of all, some stranger wants to know how much you make and how much you have in the bank. Then you ... more...

Why Do You Need to Use a Mortgage Adviser?
Taking out a mortgage is probably the biggest financial commitment you will ever choose to make. The term of the loan will probably last until you are near to retirement age and in many cases the loan amount will become larger as you move up the property ladder.So, as a mortgage seeker, what is the ... more...

Mortgage: Effective Household Investment for Financial Autonomy
If finances had a copyright, we would have bought it by now. But it is hardly sold anywhere near the place we live. So, when we decide to take a mortgage it becomes highly perplexing for it is something you are not used to. Taking out a mortgage is not like an everyday errand. Mortgage in the ... more...

Mortgage: Rehabilitation Of Financial Helplessness
The term mortgage is assumed really controversial by people when they are contemplating the idea of taking a loan. It is definitely a very simple procedure which is presumed complicated because your home is attached to the term mortgage. In the layman language it is the conditional conveyance of ... more...

Online Mortgage in UK - Introducing the Best Mortgage Plan Across UK
Add the term online and it will open for you an exhaustive assortment of opportunities. Add online to mortgage and it will have the same effect. So many people want to get mortgage programme and get with it fast. The online mortgage in UK indisputably takes lesser time and simplifies the entire ... more...

Choosing The Right Mortgage For You
This article will help you understand the differences between a variety of mortgage options. There are many different mortgage products offered by the various lending institutions in Canada, so you may not know what features to look for.As you'll see, each type of mortgage has slightly different ... more...

FHA Mortgage: When Your Downpayment is a Gift
There has been so much fraud discovered in the FHA program allowing gift funds for downpayment that Lenders and borrowers are required to absolutely document every step of the gift transaction to prove it was legitimate.Heres how it works: FHA allows the required downpayment to be a gift from ... more...

Are You A Victim Of A Predatory Mortgage Foreclosure?
Help is available to borrowers who have claims against their lenders for violating the Truth in Lending Act and other laws regulating credit transactions. Such violations may be a defense to a mortgage foreclosure. If there is a violation, you may be able to void the mortgage and apply 100% of your ... more...

Choosing a Mortgage Lender
Just as there are many types of mortgages and mortgage deals to choose from, there are also many sources where you can go to get a mortgage. Your key choices are to use a mortgage broker, a more general financial adviser, or shop around yourself and go direct to the mortgage lender. For many people ... more...

Ten Things a Mortgage Processor Must Know to be Effective
From time to time, we hear a story about a processor gone bad. A processor that seemed so knowledgeable early on but now isnt keeping pace and cant seem to get along with anyone. Many unhappy customers, unhappy loan officers, and denied files later, Mr. Broker is forced to seek out a resolution ... more...

What Are Mortgage Brokers And Why To Use One
Mortgage is formed from two words: the French word mort meaning dead and the word gage from Old English meaning pledge. Sir Edward Coke (who lived from 1552 to 1634) explained the term: the land as considered dead to the mortgagor, as if the person never had it.Today, the term mortgage is used for ... more...