Insurance 101 - Undermining America for the Good of Americans
Insurance is like a myth. From one small seed of truth, a fairytale the size of 1000 giant sequoias has sprung up. Reality is blocked from view. Surely, youve noticed all the giant, sequoia-like buildings are owned by banks and insurance companies. Where do they get all that money? How much money ... more...

A Critical Guide to Home Loans: Your Options and How They Affect Your Future
Understanding Mortgage Loans-An Insiders GuideThere was a time in the not-so-distant past when financing the purchase of a home was relatively uncomplicated. You went to your local savings and loan and signed up for a 30-year, fixed-rate mortgage loan. Those days are gone, probably forever. Today, ... more...

Mortgage Loans
A mortgage is a device used to create a lien on real estate by contract. The mortgage is an instrument that the borrower (called the mortgagor) uses to pledge real property to the lender (called the mortgagee) as security for a debt, also called hypothecation. The mortgage, as a rule, consists of ... more...

Buyers Closing Cost
Buyers, borrower, closing costs can be divided into two categories. Nonrecurring closing cost and recurring closing cost.Nonrecurring closing costs on a one-time charge paid upon the close of escrow. Recruiting closing costs are peeping items that the buyer pays advance to help offset expenses ... more...

Get Rid of Your Unneeded Mortgage Insurance
Mortgage insurance is needed usually when a person cannot come up with at least 20 percent of the sale price of the home as a down payment. This is a huge amount of money, more than many people have on hand so most of us end up with this mortgage insurance. You should not have to pay this insurance ... more...

Basic Mortgage Terms
If it is your first time applying for a mortgage, there are a number of terms you should know. Educating yourself on the various mortgage terms you will run into will help you make better decisions when deciding which home you want to purchase. When you sign a mortgage contract, your home is used ... more...

Understanding the Escrow (Closing) Process
1. What is an escrow?Escrow is defined as a process where parties deposit instructions and funds with a "disinterested" third party until conditions of the instructions are met. This applies whether the purchase is real estate or an expensive Ebay item. In a real estate escrow, a title insurance ... more...

Mortgage Protection Easing Your Biggest Concerns
OK, now you have a lovely new home and with it comes a lovely new mortgage. With the average mortgage advance standing at around 150,000 it's a long-term commitment to repay a lot of money. The repayments also take a fair slice out of your monthly income. What could go wrong with these financial ... more...

Mortgage Loan Closing Costs
Closing costs for home refinancing or purchases are often misunderstood and frustrating for the buyer and seller (who is probably very soon going to be a buyer). Closing costs are assessed once a purchase agreement is finalized with the seller and/or their agent. The various costs will vary by ... more...