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Tag Archive | "Mortgage News"

Mortgage Questions: Mortgage Terminology Explained

The mortgage questions we are asked are often based upon mortgage terminology. We shall start with some that relate to simple terms that are often misunderstood, and then progress to those that can really be confusing. Mortgage Questions:  What is Preapproval? When you are looking for a new home, it makes sense to know how […]

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Mortgage Basics: Prepaid Interest and Escrow Accounts

Many find it difficult to understand the concept of ‘escrow’ in general. We shall try to make that clearer here. First, however, the question of prepaid interest. Mortgage Questions: What is Prepaid Interest? In mortgage terminology, prepaid interest relates to an advance payment made to cover the interest due for the remaining days of the […]

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Mortgage History: Subprime Mortgage Crisis and Mortgage Derivatives

Half a decade on, and have we learned from the subprime mortgage crisis? Are mortgage derivatives now secure, and can investors purchase mortgage backed securities with confidence? There were lessons to be learned, but have we all learned them? There is no definitive answer to these questions. Even now, analysts disagree on the root causes […]

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Home Inspections: Reasons for Attending a Home Inspection

Home inspections are important to home buyers, and it is worthwhile for you to attend a home inspection when buying a home. It’s also important that you understand the difference between a home appraisal and an inspection. Here is a brief explanation of that difference: Home Appraisal The appraisal is carried out by an appraiser […]

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Home Inspections: Reasons for Attending a Home Inspection

Home inspections are important to home buyers, and it is worthwhile for you to attend a home inspection when buying a home. It’s also important that you understand the difference between a home appraisal and an inspection. Here is a brief explanation of that difference: Home Appraisal The appraisal is carried out by an appraiser […]

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Mortgage Term Options: 15 or 30 Year Mortgage?

Of the two mortgage term options, is the 15 or 30 year mortgage period better? These are the two common periods over which people choose to pay their mortgages in, so what is the difference? Obviously, the longer you take to pay, the less your monthly repayments will be, but what are the pros and […]

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Mortgage Term Options: 15 or 30 Year Mortgage?

Of the two mortgage term options, is the 15 or 30 year mortgage period better? These are the two common periods over which people choose to pay their mortgages in, so what is the difference? Obviously, the longer you take to pay, the less your monthly repayments will be, but what are the pros and […]

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Interest only Mortgages and Deferred Interest Loans

Interest only mortgages and deferred interest loans are options to the normal way of paying mortgages and loans.  They can be a powerful loan option when appropriate for your specific scenario. Here is a brief explanation of each. Interest Only Mortgages and Loans Interest only mortgages and loans enable you to pay only the interest […]

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Storm Cleanup Tips: Cleaning Your Home After a Storm

The following storm cleanup tips are not only about cleaning your home after a storm for cosmetic reasons, but also making sure that there is no long-term damage such as rot or other forms of fungal damage. A storm can cause a lot more damage to the infrastructure of your home than might be immediately […]

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How Mortgage Rates Are Affected by Mortgage Backed Securities

Mortgage rates are affected by mortgage backed securities, usually when the money supply significantly increases or reduces. It is important to distinguish between mortgage rates and the Federal Reserve interest rate, also known as the Discount Rate.  While the two tend to go hand in hand over the longer term, short-term variations can occur. We […]

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