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Mortgage

Blanket Mortgage Loan

Blanket Mortgage Loans – Definition, Pros & Cons of Using for...

For real estate investors, juggling multiple property deals and loans can get complicated. Blanket loans often help to simplify matters by letting borrowers take out a single loan to cover multiple properties. Learn what blanket loans are, their pros and cons, and when to consider using one.
Cash House Buying Pros Cons

Buying a House with Cash – Pros and Cons of Outright...

Historically low interest rates have made borrowing money for home mortgages cheap. But buying a home in cash to avoid debt remains appealing to many. For those who have the cash on hand to buy a home outright, the question remains: Is it a good idea? Read on to learn the pros and cons.
Short Sale Foreclosure

Tax Implications & Consequences of a Short Sale or Foreclosure

Every year, a million homes enter foreclosure and many more people are forced to sell back to the bank for less than their home is worth. Foreclosures and short sales are bad enough, but few people consider the tax implications — until they file their tax return and realize the worst isn’t over.
Balloon House Mortgage

Balloon Payment Mortgage – What It Is & How It Works

A balloon mortgage is a lesser-known type of mortgage that comes with unusual terms, a potential for huge savings, and enormous risk. It’s not right for everyone, but a balloon mortgage can be a great fit under the right circumstances. Should you consider a balloon mortgage? Learn more here.
Miniature House On Top Of Cash Money

How to Pull Equity Out of Your Home – 5 Best...

In the aftermath of the Great Recession, pundits loved to gripe about “homeowners using their homes as ATMs.” Sure, just because you can take...
Upside Down House Mortgage

What to Do If You’re Underwater (Upside Down) on Your Home...

Also known as being upside-down, to be underwater on your mortgage means to owe more than your home is worth. A drop in the housing market, falling behind on your mortgage, or new information about the home’s condition can put you underwater. Here’s what to do if you’re underwater on your mortgage.
Home Equity Loan Vs Heloc

Home Equity Loan vs. Line of Credit (HELOC) – Which Is...

You have several options to pull equity from your home, the two most common being home equity loans (second mortgages) and home equity lines of credit (HELOCs). Like any other debt, each of these come with their own risks and advantages. Here’s what you need to know about home equity loans and HELOCs before signing on the dotted line for additional debt.
Mortgage Relief Loan Modification Scams

Mortgage Relief & Loan Modification Scams You Should Watch Out For

The Johnsons were terrified of losing their home. Mrs. Johnson had recently lost her job, and they just couldn't meet their mortgage payments on...
Stop Avoid Foreclosure Home

How to Stop & Avoid Foreclosure on Your Home

In 2017, more than 676,500 American homes went into foreclosure, according to Attom Data Solutions. That's roughly 1 out of every 200 homes in the...
Debt To Income Ratio Mortgage Loan

How to Calculate Debt-to-Income Ratio for a Mortgage or Loan

Just like physical health, financial health turns on a slew of different factors, some more important than others. It's tough for nonexperts to keep...
Fha Vs Conventional Mortgage Loans Differences

FHA vs. VA vs. Conventional Mortgage Loans – How Are They...

If you're ready to buy a house, congratulations. You're one step closer to making what's likely to be the largest single purchase of your life...
Mortage Interest Rate Matters

Tips to Get Approved for a Mortgage & Qualify for a...

A 2017 Experian survey found that younger people (millennials, broadly defined) are opting out of homeownership at alarming rates. More than one-third of respondents...