Before I go further, let me ask a question- if you won the lottery tomorrow, would you take the payout in a lump sum or in
monthly payments? Most people would take a lump sum because even though it might be less than the total prize, they would have
control over a large sum of money now and could let the time value of money go to work and increase their winnings. So why then
would you opt to get paid on your business sale over several years rather than take a lump sum payout? The answer is probably
because you didn't know that you could get cash for your business note.
You may have heard people, especially mortgage lenders, extolling the virtues of biweekly payments, saying that you can save
thousands of dollars and take 5-7 years off your mortgage--and then offering to set up a biweekly plan for you for as little as
$400. But you don't have to spend $400 to begin saving money and time on your mortgage.
With mortgage rates continuing on a downward trend, the competition in the business is fierce. A day never passes that I
don't hear some crazy advertisement about a new loan program that XYZ mortgage company has and no one else offers.
When you go to the bank to get a mortgage, you'll inevitably be asked to take out mortgage insurance. The idea behind mortgage
insurance is simply that if something happens to you or your spouse then your loan will be paid off which is good news for your family and the bank.
I read a press release the other day which points to the fact we need to be very careful with our finances. The subject of the release was home mortgages.
When you begin your search for a new home loan, one of the first things to consider is where you'll get the money. Your basic choices will be mortgage brokers and banks.
Presently council tenants are able to purchase their rented property after 2 years of tenancy. However, this is about to change.
In many ways a commercial mortgage is just like a residential mortgage in that you pledge real property as collateral against a
loan to either buy or refinance that property. You can also receive a commercial re-mortgage and use it as a line of credit for any business purpose.
Bridging finance, also referred to as "bridge loans" and "bridging loans", have nothing at all to do with re-constructing
the London Bridge. Bridging finance is typically a short-term loan that a business uses to supply cash for a real estate transaction until permanent financing can be arranged.
Home equity loan information can sometimes be confusing and misleading. I have written this article to properly explain home equity loans.
There are at least two types of home equity loans. The first is a term or closed end loan and the second is basically a line of credit.
Using a home equity loan really depends on what your needs, wants and desires are that prompt you to take the home equity loan in
the first place. The most common reason people obtain the loan is for debt consolidation however other uses include home
improvements, educational expenses, unexpected family emergencies, medical expenses and in some cases for big ticket purchases.
This is an excellent loan for those that are lacking the down payment required for other types of mortgages. The 80 20 mortgage is simply two loans for 100% of the purchase price.
One of the most common terms found in a new home loan is a prepayment penalty. This type of penalty says that if the
borrower pays off the loan early, commonly during the first five years of the loan, then the borrower will be responsible for
paying an additional amount of money, typically about six months interest on 80% of the mortgage balance.
Tuition costs are climbing, housing costs are climbing, it seems like all the costs for students are climbing these days. Students
can afford cost increases less than any other demographic in Canada.
More Articles from the
Mortgage & Refinancing
MORTGAGE-REFINANCING NEWS updated
Mon. January / 21 / 2019
Refinance rates retreat for Monday Bankrate.com
Multiple benchmark refinance rates tapered off today. If you're in the market for a mortgage, see how your payments might be affected.
When Is the Best Time to Refi Your Home? INQUIRER.net
We often hear the question, when is the best time to refinance your home. Learn the specifics about refinancing so you can take advantage of its benefits.
Refinance rates decline for Saturday Bankrate.com
Several benchmark refinance rates were down today. The nationwide average for a 30-year fixed-rate refinance was down, but the average rate on a 15-year ...
How to Get a Mortgage With Bad Credit U.S News & World Report Money
Bad credit doesn't have to keep you from buying a home. But you may have a better shot if you apply for a government-backed mortgage, like an FHA loan.
6 Tax Breaks for Homeowners Yahoo News
Under the Tax Cuts and Jobs Act, which takes effect for tax filings for the 2018 calendar year, standard deduction increases will likely mean far fewer Americans ...
Arvest tops $2 billion in mortgages Examiner Enterprise
FAYETTEVILLE, Ark. — Arvest Bank announced recently that its mortgage division originated more than $2 billion in loans in 2018, the third time it has done so ...
Mortgage rates drop for Wednesday Bankrate.com
Multiple closely watched mortgage rates dropped today. See what that means for you if you're in the market for a mortgage.
What Do You Need to Do to Buy a House? Zing! Blog by Quicken Loans
Buying a home is one of those things that many of us end up doing at some point, but very few of us are taught how to do it. Sure, you know it involves touring ...
When Is a Cash-Out Refinance Loan a Good Idea? U.S News & World Report Money
In a cash-out refinance mortgage, you take a loan against your home in excess of what you owe, leaving you with cash available to spend. Adding to the debt ...
Key mortgage rates mixed for Tuesday Bankrate.com
Mortgage rates diverged today. The average for a 30-year fixed-rate mortgage was flat, but the average rate on a 15-year fixed receded. Meanwhile, the average ...
Best Mortgage Lenders Bankrate.com
The best mortgage lender isn't the same for everyone.That's why we compiled a list of best mortgage lenders for first time home buys to those looking for their ...
Do You Qualify for a FHA Loan? INQUIRER.net
An FHA loan is a great way to get the money you need to buy your perfect home. Learn the benefits, key terms, and how to qualify for an FHA loan.
What It Takes to Refinance a Jumbo Loan NerdWallet
Refinancing a jumbo loan, a mortgage over $484350, in most cases, and up to $726525 and even higher in some high-cost areas, can result in big savings and ...
Rocket Mortgage Review Bankrate.com
Rocket Mortgage from Quicken Loans lets you apply for a mortgage in minutes using nothing more than a smartphone app.
Cash-Out Refinance Calculator NerdWallet
A cash-out refinance can be a great financing option depending on your use of the cash and your financial profile. This calculator will help you determine how ...