1% Mortgage Refinance loans, you’ve probably seen 100 different advertisements, but how is it possible? There is really only one big secret to 1% mortgages: 1% minimum payments are below the interest payable on the loan. Once we’ve addressed this feature, most of the other facets of 1% mortgages are relatively logical. 1% mortgages, which [...]
Posts Tagged ‘Home Loans’
Knowing About Mortgage
The best financial deals are found only after a thorough investigation into home loans and mortgages. Many people dream of owning their own home, but the high cost of homes generally requires a home mortgage to make it a reality. A mortgage is just like any other product; thus whether it is a home purchase, [...]
Mortgage Brokers in Canada: Their Role to Compare and Get You the Best Mortgage Rates
In a nutshell, a mortgage broker acts as the ‘go-between’ a mortgage borrower (you) and the lender (typically the big Canadian banks). Mortgage brokers act on your behalf offering their expertise and contacts for free, and receive their commission from the lenders only once a mortgage is arranged. There may be charges for their services [...]
How Do I Know if My Mortgage Broker is a Professional?
Whether you are a first homebuyer or looking for home loan refinancing, the first step is to look for the services of a professional mortgage broker. But in a market that is saturated with mortgage brokers, how do you know if the one you choose is a professional home loan expert? Here are just some [...]
Understanding Jumbo Mortgages
A jumbo mortgages is a home loan that exceeds the limits set by Fannie Mae and Freddie Mac. How are jumbo loans different? What differentiates jumbo mortgage loans is the loan amount. At present, loan amounts that are higher than $417,000 are usually deemed jumbo mortgages. This determination is made by comparing industry standards [...]
The Future For Mortgage Brokers – Part 1
It would be hard to find anyone in the Western world who has not head of the credit crunch by now. So much has been written and spoken about one of the biggest financial disasters in history that it seems almost as though society has become engulfed in it. Some of the largest financial institutions [...]
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