Being prepared when structuring a private residential mortgage note for
Being prepared when structuring a private residential mortgage note for re-sale. I have come across many note sellers that ignore the advice of being prepared. Properly structuring a note for resale can be the difference between selling the note fast and with little friction as opposed to selling yourself short or worse, not selling the [...]
Bad Credit Mortgages
So you’ve gotten a little behind on your credit card payments. Ok, you’ve been late on your car a few times too. And, there are some other issues on your credit that makes it less than perfect. No matter if you’ve lost your job, had medical problems, or any other reason, you’re credit score doesn’t [...]
Bad Credit Home Financing – Choosing A Subprime Mortgage Lender
Bad Credit Home Financing – Choosing A Subprime Mortgage Lender In the early nineties subprime mortgages accounted for about five percent of all mortgages. Today the subprime mortgage loan sector comprises more than twenty percent of the mortgage market. With this explosion of subprime mortgage lenders and brokers, it is important to know what to [...]
Avoiding Reverse Mortgage Scams
Reverse mortgages are gaining in popularity as more senior’s start looking for ways to supplement their retirement incomes. And as the interest in reverse mortgages increase, so are the cases of reverse mortgage fraud and scams. Many seniors are finding that they have lost thousands pounds of their hard earned equity to these reverse mortgages [...]
An Introduction to Mortgage Protection Insurance
Purchasing a home is a major expense that requires a significant and long term financial commitment. When you initially apply for a mortgage, you are approved for loan funding based on your financial status at the time of application. Most people do not expect that their financial situations will get worse over time, but in [...]