Insurance: What Is Mortgage Debt?

What Is Mortgage Debt?

Mortgage debt has a variety of characteristics. When you finance a home mortgage, debt is immediately incurred. Some mortgages are fully amortized, meaning your balance is paid in full when you make the last payment according the established schedule.

Insurance: Five Reasons a Mortgage Broker Can Help in Buy to Let Mortgage

Five Reasons a Mortgage Broker Can Help in Buy to Let Mortgage

We all need to consent to the point that getting a Mortgage advance is to some degree incomprehensible because of the worldwide financial emergencies occurring. Because of these difficulties, the obligation of a Mortgage handle ...

Insurance: 8 Things To Review Before Heading To Mortgage Renewal

8 Things To Review Before Heading To Mortgage Renewal

Mortgage renewal time renders you a great opportunity to review your needs and mortgage that works best in your favor. There are chances that the situations now have changed from when you get the first ...

Insurance: Mortgage Calculators Can Save You Time and Money

Mortgage Calculators Can Save You Time and Money

Some people have found they can save as much as • ¬50,000 when it comes to buying a home by simply using a mortgage rate calculator. Mortgage calculators allow a person to envision how easy ...

Insurance: Hard Money Loans & Foreclosure

Hard Money Loans & Foreclosure

Some Customer called my office Monday afternoon seeking if we can help them salvage their home. They are delayed in their mortgage payments and their house is in foreclosure. They have insignificant credit, in foreclosure ...

Insurance: How to Pay Off a $100,000 Mortgage in Ten Years

How to Pay Off a $100,000 Mortgage in Ten Years

A home mortgage can be paid off early by adding an extra amount of money to each payment to reduce the principal balance. Paying extra principal has a powerful effect on the overall cost of the loan because the interest paid is based on the current balance of the mortgage. Extra principal payments r

Insurance: How to Calculate Extra Principal Payments For a Mortgage

How to Calculate Extra Principal Payments For a Mortgage

If part of your financial plan centers on paying off your mortgage early, there is a way to calculate the extra payments needed. Depending on your discipline, you can pay off your mortgage 10 or 15 years earlier than your agreed-upon contract. Paying down your principal balance saves you money in in

Insurance:  Getting Bad Credit Mortgage Loan Refinancing Scheme

Getting Bad Credit Mortgage Loan Refinancing Scheme

When it comes to the mortgage home loan market, it is certainly good news particularly for the borrowers and home owners who possess excellent credit score as they are the best candidates any lending company ...

Insurance: The 72-Hour Cancellation Laws on Mortgages

The 72-Hour Cancellation Laws on Mortgages

Consumers who enter into certain types of loan transactions have 72 hours to cancel their purchases or loan transactions, according to the Cooling-Off Rule. The rule does not apply to mortgages or other real estate transactions. However, many states have enacted their own versions of the rule provid

Insurance: Mortgage Escrow Account Federal Law

Mortgage Escrow Account Federal Law

A mortgage escrow account is established as the holding account for all of the money transactions that take place when a piece of real estate is bought and sold. The escrow account is held by a third party to the transaction -- meaning it is not held by the buyer or the seller. All of the money pert

Insurance: How to Pick the Best La Crosse Mortgage Lender?

How to Pick the Best La Crosse Mortgage Lender?

There are a few tips that you need to keep in mind in order to choose the best La Crosse mortgage lender. Are you planning to apply for the reverse mortgage? In that case, the ...

Insurance: What Is a Senior Reverse Mortgage?

What Is a Senior Reverse Mortgage?

A reverse mortgage loan is designed to enable seniors, 62 and older, to get money from their homes without having to make mortgage payments. Homeowners do not repay on the loan as long as they live in the house.

Insurance: How to Consolidate First & Second ARM Mortgages

How to Consolidate First & Second ARM Mortgages

Many borrowers have first and second mortgages on their residence. This can make for a hefty monthly payment. To consolidate the two mortgages, the borrower needs to refinance the mortgage into one monthly payment. This can be done if the borrower has enough equity in the home to cover the debt and

Insurance: Is There a Penalty to Pay Off a House Mortgage Early?

Is There a Penalty to Pay Off a House Mortgage Early?

If you pay off a mortgage early, you may have a prepayment penalty. This is a penalty imposed by the lender and it can amount to a significant amount of money. Not every mortgage has a prepayment penalty associated with it, but if yours does, it could make selling your house or refinancing difficult