Know Your Mortgage Fees, and Youll Never Pay Too Much for Your Loan (21 Mar 2006) If you buy new windows, you'll not only pay for the windows, you will also pay an installation fee. When you purchase a car, you pay tax, title, assumption fee, etc. Just about every major purchase comes with extra costs or fees, and home loans are no different. Most people think they don't have to pay costs on a loan, because they are paying interest on the loan (they figure this is their fee - a premium on the money). A mortgage, however, does not come free.
How I Became a Hard Money Lender (21 Mar 2006) Unlike other investors, my venture into real estate was a natural extension of my secondary business as the IP Ware software developer. However, opportunity and perseverance beget wealth, or at least...
For Mortgage-Refinance Help, Get the Best Mortgage Professional, Not a Bank Loan Officer (21 Mar 2006) When you need a mortgage -- either because you are buying, refinancing, taking out equity or getting into investment real estate, you need a good mortgage professional. Now, you may be tempted to go to your local savings and loan, as they may promise lower fees or zero costs. Meanwhile, in virtually every case, banks can't compete with mortgage professionals on the two most important things -- interest rates and service.
Some Mortgage Loans are Available with Absolutely no Money Needed From You (21 Mar 2006) You can truly get a mortgage with absolutely no money out of your pocket. Today, FHA will loan up to 97 percent of the purchase price of a home, meaning a borrower only needs 3 percent. The three percent down payment can come in the form of a gift, and closing costs can be financed into the loan, making this a true no money out of pocket purchase transaction.
Mortgage-Refinance Loan Can Put Cash in Your Pocket (21 Mar 2006) Do you need cash? Here's a mortgage for you. If you are not in a good position to take an equity line of credit on your home, because you have not built enough equity or a poor credit situation is making bankers steer clear of you, altogether, there is another option -- the cashout refinance.