Daily Mortgage Tips

One of the things that we always explain to senior borrowers when they ask about reverse mortgages is that they are non-recourse loans. The next question is always, What is a non-recourse loan?. This is a very important feature of the reverse mortgage and I want to take a moment to explain just what non-recourse [...]

If you are stuck with a mortgage that has a high rate of interest applied you may consider the idea of refinancing and switching to a mortgage that has lower rates of interest and lower monthly payments. In order to do this, you will first have to to research and find the best mortgage refinance [...]

There are many benefits that come along with using the services of a mortgage broker. In fact, it was estimated by the Mortgage and Finance Association of Australia that 4 out of 10 mortgages are set up by mortgage brokers. There have to be good reasons for this. First, you should understand that the mortgage [...]

With the numerous mortgage options being offered by mortgage lenders today, newcomers to the arena may find the scenery just plain confusing. If you’re planning to get a mortgage loan, and you don’t know where to start, here is a list of the basics that you need to know about. Mortgage Defined A [...]

When you struggle to prove the amount of money you make each year it can be very difficult to get the loans you need when you need them.  If you are wanting to refinance so you can consolidate debt, make some home improvements, or for any other reason whatsoever, then you need to know about [...]

Mortgage loans and fixed rate mortgage history:- The fixed rate mortgage can be understood as a type of mortgage for which the interest rate has been fixed, or made constant, for the entire length of the mortgage term. Simply, it a mortgage loan with a constant interest rate, which does not change over the entire [...]

A disturbing trend is occurring today in the area of reverse mortgages.  These instruments originated with what some might consider predatory lenders, but have gradually moved over to the mainstream lenders.  Credible companies like Wells Fargo are now moving into this area. As a Professor of Personal Finance at Eastern Michigan University, I have [...]

Many home owners that have ARM home loans are unable to refinance their mortgage for a variety of reasons. If you are one of these home owners take the time to read this article because it will give you some valuable tips on how to save your home from your adjustable loan. Why You Are [...]

A considerable amount of a mortgage broker’s salary is based on the commissions they receive for completing a loan transaction.  The market continues to increase in competitiveness, since mortgage brokers now has access to wholesale markets and because of the lower overhead involved with running a brokerage firm.  Access to wholesale markets means a mortgage [...]

So now the time has come to invest in Mortgage Lead companies, but how do you know which one is the right one for you? When I was a new loan officer, finding a mortgage lead company was not easy, I can remember logging onto major search engines, typing in the key word “mortgage [...]