It would be unrealistic to expect that such a huge industry with so much money flowing through “its’ veins” would fail to attract scam artists and predatory lenders.
Pros and Cons Of Home Ownership
To own a home or rent a home? I am sure this question has been debated by many millions of potential homeowners.
It is a big decision and both sides of the coin have their advantages and disadvantages. I would like to share some of my opinions with you.
How FICO Can Determine Your Home Loan Approval
If you have tried to apply for a mortgage loan, you probably have come across the term called FICO. Even if you have not heard of it, rest assure it is used every time you look to secure a mortgage loan. It can determine whether or not your loan application is approved and also the interest rate you pay.
How To Remove Bad Credit Home Equity Loan
The number one reason why some homeowners have difficulty getting a home equity loan is because of bad credit. In my company, we called it bad credit home equity loan.
Is Getting a 30 Year Home Loan a Good Choice?
Getting a 30 year home loan used to be a popular choice among most home owners. The reason being the total home loan payment is being spread out across a longer time period so you can pay less each month. Plus with interest rates fixed for the 30-year period, it seems a good deal. Or is it?
What Is Private Mortgage Insurance?
Private mortgage insurance or PMI as is known is a form of insurance new homeowners are required to purchase. This is particularly so if their down payment is 20 percent or less of the property’s valued price or sale price. The main reason for private mortgage insurance is to protect lenders in the case the new homeowner defaults on their home loan.