Real Estate Terms From Pre-Approval Letter to Townhouse
When buying or selling a property, it always helps to have a basic understanding of real estate terms. In this on going series of articles, we take a look at definitions starting with Pre-Approval Letter.1) Pre-Approval Lender Letter a writing from a lender stating that a potential buyer has ... more...

Refinancing is Worthwhile Under These 5 Conditions
Refinancing is a common financial choice among home owners. Refinancing is much like taking out a second mortgage. The terms of the mortgage are usually changed, offering the home buyer a lower interest rate, a shorter term, all of which can save the home buyer money.Refinancing is not a good ... more...

Why Refinance Back into a 30-Year Loan?
One of the biggest reasons homeowners refinance their mortgage is to obtain a lower interest rate and lower monthly payments. By refinancing, the borrower pays off their existing mortgage and replaces it with a new one. This can often be accomplished with a no-points no-fees loan program, which ... more...

What is a Home Loan?
A Home loan is the generic term for a loan. A home loan uses your home as security. It uses the net value of your property as security for the loan.As a result of house price inflation and part repayment of mortgages many homeowners have a property which is worth far more than the mortgage they owe ... more...

4 Ways To A Low Mortgage Interest Rate
It is natural to want the lowest possible interest rate on your mortgage loan. A lower interest rate results in a lower monthly payment or allows you to afford more house for the same monthly payment. Here are four quick ways to get a lower interest rate on your next mortgage loan.1. Shorten The ... more...

The Facts About Second Mortgages
Your home: It's probably your biggest asset. Having a home to back you up when you need a loan is one of the greatest advantages of home ownership. In recent years, there has been a major increase in the amount of people looking to use their homes as a way to get access to extra money when they ... more...

Real Estate Investing: How to Choose a Lender
To become a successful real estate investor its vital to have a long-term relationship with a good lender. Having a flexible lender who knows your needs and objectives can be the difference between success and failure in your investment career.Choose several lenders to begin with, and then ... more...

5 Things In Selecting The Best Mortgage - You Should Know
Your goal is not only to find the best rates and programs, by searching through a huge number of lenders products, and save yourself thousands of dollars on mortgage payments every year, but also, to save time and hassle by simplifying the loan process and reducing the paperwork. Here are some ... more...

Learn the Difference Between a Mortgage Inquiry and Mortgage Application
Mortgage lenders are allowed to make there own application processes, so sometimes if not done with a formal written document, and with the use of employees and other loan officers or brokers, it can be unclear on whether or not the applicant is simply an inquiry or an applicant.When the loan ... more...