There are only two things people should keep in mind before taking on an interest-only mortgage. The name interest-only mortgage is misleading. If truth be told, there is no such thing as an interest-only mortgage. In an interest-only mortgage, you will still have to pay for the loan principal. When you get an interest-only mortgage, [...]
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Understanding Interest Only Mortgages
Posted by admin on January 4th, 2010
Posted in Articles 
Tags: Brief History, Incomes, Interest, Interest Only Mortgage, Interest Only Mortgage Loan, Interest Only Mortgages, Jumbo Loans, Jumbo Mortgage, Loan Interest, Loan Principal, Loan Type, Mortgage Markets, Mortgage Types, Mortgages, Mortgages Loans, Only, Principal Portion, Productive Investments, Savvy Investor, Savvy Investors, Standard Mortgage, Time Investors, Traditional Mortgage, Understanding 
No Comments »Understanding Sub Prime Mortgages
Posted by admin on December 24th, 2009
A sub-prime mortgage is a mortgage that is extended to people who are not qualified to get the normal mortgage. Most of these mortgages are offered by the same companies that offer the mainstream mortgage but in a different lending institution. The rates for sub-prime mortgages are higher than the rates for prime mortgages thus; [...]
Posted in Articles Tags: Additional Advantage, Assumption, Credit Rating, Credit Score, Credit Scores, Enough Money, Interest Rates, Lending Institution, Mainstream, Mortgage Lender, Mortgage Rates, Mortgage Terms, Mortgages, Payment Period, People, Prime, Repayment Period, Risk, Sub Prime Mortgage, Sub Prime Mortgages, Types Of Mortgages, Understanding No Comments »Understanding Reverse Mortgages
Posted by admin on December 10th, 2009
Seniors today often live with a great deal of financial uncertainty. The retirement they imagined may not be consistent with the reality they face. Incomes are flat or declining, living and medical expenses are higher than ever and few income boosting alternatives exist. Even those who have heard about Reverse Mortgages may be unsure about [...]
Posted in Articles Tags: Debt Obligations, FHA, Financial Institution, Financial Uncertainty, Home Equity Conversion, Home Equity Loan, Home Value, Incomes, Liquid Resources, Medical Expenses, Medicare, Medicare Benefits, Mortgages, Program Beneficiaries, Proprietary Products, Reverse, Reverse Mortgages, Second Mortgage, Seniors, Social Security, Supplemental Security Income, Understanding, What Is A Reverse Mortgage No Comments »Understanding Jumbo Mortgages
Posted by admin on December 8th, 2009
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 [...]
Posted in Articles Tags: Conforming Loans, Dollar Figure, Downside, Fannie Mae, Fannie Mae And Freddie Mac, Freddie Mac, Home Loan, Home Loans, Housing Loans, Insurance Companies, Jumbo, Jumbo Loans, Jumbo Mortgage Loans, Jumbo Mortgage Rate, Jumbo Mortgages, Loan Amounts, Maximums, Mortgage Lenders, Mortgagerate, Mortgages, Secondary Mortgage, Understanding, Variable Rates No Comments »