There are nearly as many different types of mortgages out there as there are people. Depending upon financial situation, credit score and military background, there are a lot of different loan options available to the average borrower. This means that there are a lot of different loan types for the typical mortgage broker to pursue leads in. Though traditional, mainstream mortgages are still the most common type of mortgage in the United States,...more
Fund redemptions are nothing new. Every recession or bear market sees investors redeeming their fund investments and moving to asset classes which provide a greater degree of safety. For most, this is the Government Treasury Bill also called the T-Bill.While reasons for redemptions are as varied as the investment selections themselves, it seems that individual investors are uncertain of their understanding of what their money has been invested...more
There are several options for receiving payout from a reverse mortgage. You can receive fixed monthly payments for a period of time, get a lump-sum payment, open a line of credit that you can draw against, or you can receive some combination of these options. You dont have to stick with a payment option forever. You may be able to change your payment option in the future for a fee. Lets go ahead and talk about your options.Your first option is periodic payment plans. With periodic payment plans, lenders issue regular payments directly to you. Depending on the type of plan agreed upon between you and the mortgage lender, the periodic payments can extend all the way until you passed away or until you decide to move from or sell your home. You also have the choice to apply for a fixed plan, wherein the lender makes periodic payments for a fixed duration. In most cases, mortgage lenders will charge a monthly fee in exchange for the transaction costs. The amount of money you get will depend on the agreements between the mortgage lender and you.Second option is lump sum payments one of the easiest forms of payment for reverse mortgages is the lump sum payment. Mortgage lenders pay the...more
How do you know if youre eligible for a reverse mortgage? Well lets start out first with what a reverse mortgage is. A reverse mortgage is a loan that allows older homeowners to access the equity in their homes. Instead of making monthly mortgage payments to reduce your debt, you eliminate your monthly payments and actually get money! Reverse...more
You may be wondering how you can benefit from getting a reverse mortgage? Many people have found that the money they got from a reversed mortgage benefited them greatly. With a reverse mortgage you continue to get income, and defer repayment, for as long as you live at home no matter how long that may be. An FHA insured reverse mortgage maybe...more
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Over the past several years, we all know that the mortgage industry, and the entire credit industry worldwide, was going through a lot of turmoil. However, there was one lesser-known area of the financial market which continued to be dynamic and...more
Buying off-the-plan real estate is often pitched by marketers as a win win investment But, how safe is buying property sight unseen? Leading Melbourne Mortgage Broker What If We Finance provide some advice below for you to consider.Certainly people...more
Conveyancing is a term used to describe the whole of the process of selling a property on the open market, executing an agreement to sell and buy, and then transferring ownership of the property from the vendor to the purchaser. If you buy or sell a...more
A home loan modification is by far the most feasible, cheapest and the easiest way to get yourself out of an imminent foreclosure situation. Actually if you opt for a mortgage modification and if it is granted things won't go so far. The best...more
Home Loan Modification is by far one of the most feasible options for preventing a foreclosure. And even though the procedure isn't overtly complex people still find it difficult to avail the benefits of this option. The key to successfully...more
Have you missed a mortgage payment? Are you more than 60 days late in making your monthly mortgage payment? If the answer to any on of these questions is a 'yes', a foreclosure is a real possibility and the only option to save your home is...more