With the numerous mortgage options being offered by mortgage lenders today, newcomers to the arena may find the scenery just plain confusing. If you’re planning to get a mortgage loan, and you don’t know where to start, here is a list of the basics that you need to know about. Mortgage Defined A lot [...]
Posts Tagged ‘Mortgagor’
The Bare Bones of a Mortgage Loan
Posted by admin on January 1st, 2010
Posted in Articles 
Tags: Adjustable Rate Mortgage, Adjustable Rate Mortgage Loan, Annual Percentage Rate, Application Fees, Appraisal Fees, Bare, Base Interest Rate, Bones, Financial Institutions, Fixed Rate Mortgage, Fixed Rate Mortgage Loan, Fixed Rate Mortgage Loans, Initial Rates, loan, mortgage, Mortgage Lender, Mortgage Lenders, Mortgage Loan Rates, Mortgage Options, Mortgage Payments, Mortgagor, Origination Fee, Year Fixed Rate Mortgage, Year Fixed Rate Mortgage Loans 
No Comments »Choosing the Right Mortgage – Basic Mortgage Terms and Features
Posted by admin on December 20th, 2009
Choosing the Right Mortgage – Mortgage Basics There is an astounding range of commercially available mortgage products, which makes choosing the right mortgage increasingly difficult without a firm grasp of mortgage basics. Here we try to give the consumer struggling to understand the basics of what a mortgage is, how it operates, and what features are [...]
Posted in Articles Tags: Astounding Range, Basic, Choosing, Closing Date, Distinctions, Features, Final Decision, Grasp, Instances, Key Mortgage, mortgage, Mortgage Basics, Mortgage Broker, Mortgage Decision, Mortgage Mortgage, Mortgage Products, Mortgage Terms, Mortgagee, Mortgagor, Ownership Changes, Person Company, Private Lender, Property Ownership, Purchaser, Right, Terms No Comments »Mortgages Made Easy For First-Time Home Buyers
Posted by admin on December 20th, 2009
Understanding what mortgages are and how they work can be mystifying for first-time homebuyers faced with the need to get financing to purchase their first home. Technically, the type of mortgage that home buyers use to get a loan to purchase a home is a contractual instrument that gives the lender, known as the “mortgagee”, [...]
Posted in Articles Tags: amortization, Amortization Period, Amount Of Time, Back To The Beginning, Buyers, Common Law, easy......, First Time Home, First Time Home Buyers, FirstTime, home, Interest Rate, Legal Terms, Made, Mortgage Agreement, Mortgage Buyers, Mortgagee, Mortgages, Mortgagor, Origins, Periods, Pledge, Purchasing A Home, Time Home Buyers, Trespass No Comments »Mortgage Plain-talk: What’s the Difference Between “amortization” and “term”?
Posted by admin on December 9th, 2009
There are many stresses associated with home buying – both financial and emotional. And frankly speaking, it doesn’t help that the process comes with its very own foreign language. While your mortgage broker can help de-mystify these terms, it helps to have a bit of a primer on what some of these terms mean. After [...]
Posted in Articles Tags: 10 Years, 18 Years, amortization, Amortization Period, Between, Choices, Difference, Duration, Foreign Language, Interest Rate, Length Of Time, Money, mortgage, Mortgage Agreement, Mortgage Broker, Mortgage Debt, Mortgage Help, Mortgagor, Periods, Plaintalk, Reduce Debt, Stresses, term, Thousands Of Dollars, What's No Comments »Three Common Misconceptions of Mortgage Brokers
Posted by admin on November 14th, 2009
Some first time home buyers opt to obtain a loan directly through their local bank branch rather than employing a mortgage broker. The reason why this may occur is because there a few misconceptions associated with the mortgage broker profession. In reality, mortgage brokers and their respective brokerages have come along way from the days [...]
Posted in Articles Tags: Brokerages, Common Misconceptions, Finger On The Pulse, First Time Home, First Time Home Buyers, High Priority, lenders, Loan Process, Local Bank, Mortgage Broker Fees, Mortgage Brokers, Mortgage Interest Rate, Mortgage Lender, Mortgage Rate, Mortgagor, New Ways, Profession, Profit Purposes, Prospective Clients, Time Home Buyers No Comments »