Understanding Mortgage Points
When a mortgage broker asks a borrower to pay points, he or she is asking for a lending fee expressed as a percentage of the value of the loan. For example, two points on a deal worth $100,000 works out to $2,000.Sometimes, a lender may require the borrower to pay "origination points" on a mortgage ... more...

Points or Not to Points?
Mortgages can have many terms that are determined based on the clients personal financial situation. But should you pay points above and beyond the interest rate or not?Points are a single payment that are paid on the percentage of the loan amount. For example, let's say you take out a mortgage of ... more...

Low Interest Mortgage Rates - How To Find The Lowest Interest Rates On Real Estate Loans
You can find low interest rates on a real estate loan by choosing the right type of mortgage, improving your credit factors, and researching rates. Sometimes the lowest interest rate may not be the best choice for you, especially if you sell your home in a couple of years. To find the best ... more...

Bad Credit Mortgage Lenders - The 3 Most Common Subprime Lending Scams
Legitimate sub-prime lenders provide a needed service to many wishing to buy a home. By offering financing to those with adverse credit, sub-prime lenders offer a valuable financing options. However, predatory lenders take advantage of people with poor credit by charging excessive fees, forcing ... more...

What a Commercial Mortgage Broker Must Do at Closing
Your role in this process is that of a bridegroom at a wedding: stay out of the way, be on time, and keep your mouth shut. Tom C. Korologos, U.S. Ambassador to Belgium, describing the advice he gives to presidential nominees. Quoted in the New York Times, September 4, 2005.A commercial mortgage ... more...

Fixed Rate Mortgage Loans - Understanding The Basics
Fixed rate mortgages are the most common type of mortgage loan for home buyers. With predictable payments, long term homeowners can plan their budgets and guard against rising interest rates. But a fixed rate mortgage is not for everyone with its higher interest rates and a reduction in your buying ... more...

Government Money for Disaster Victims
It happened. Now it's time to rebuild. Get up! Do NOT let this break your spirit!Whether it's Hurricane Katrina or a freak accident, the government stands ready right now to help you recover from the disaster that devastated your home and/or your business. It doesn't matter whether you ran a ... more...

Writing Business Letters - Tutorial 3: Writing a Quality Letter
If you've read Tutorials one and two you know how to format a letter and how to use the various parts. But that's not all of it. You now need to know how to construct the paragraphs that form the opening sentence, the body and the action ending.By the end of this short tutorial, you'll be ready to ... more...

NFL Players To Watch This Season
Of course quarterbacks and running backs get all the attention. They score touchdowns, they sell Chunky Soup, and they get to bang the homecoming queen. They're the ones with the big contracts and the guys who can be rewarded with either too much blame or too much credit. Then there are the dozens ... more...