When you are looking for taking a loan or a mortgage out, you may need to put up some collateral up as a guarantee that you will pay the promisor (lending agent) back. Putting up a high value asset such as a house for collateral for a loan is seen as an extra layer of […]
Learn what a purchase-money mortgage is. We show you a purchase money mortgage example. What it means for real estate and mortgages. For you to buy a home, you need cash or a bank mortgage. However, most of us are not blessed with enough bank balance to buy a house on cash, which explains why […]
You hear it from everyone: “My monthly mortgage payment is too high.” You should take a look t this list of the 5 factors that have the biggest impact on the size of your monthly payment. If you are currently shopping around for a mortgage, this list can help you make some financially responsible decisions. […]