Pros and cons of assumable mortgage

Before you buy your home, consider the advantages of assumable mortgage.

When people are planning to buy a home and they don’t have enough cash, they are planning to apply for some of the common types of mortgages. Most of them for one reason or another, fail to consider a type of mortgage called assumable mortgage. As the name implies, this

Adjustable rate mortgage explained

Before deciding for which type of mortgage to apply, try to understand the ARM.

Regardless of the loan you are shopping for, you should always pay attention to all costs associated with it. Namely, you should inform your self about the different fees, as well as the type of interest rate charged by the lender. Understanding these costs could help you in your decision

Pros and cons of Graduated payment mortgage

Pros and cons of Graduated payment mortgage

Early in your career you may have a desire or plan to buy a home, but because of your income level, you may not be able to afford the home you want. You can not afford it using some of the conventional mortgage loans. This doesn’t mean that you should

Loan amortization defined

Understanding a loan amortization is important before taking out a loan

The need for a loan is imposing the need for you to understand different aspects associated with any loan. There are things such as interest rate, collateral, cosigner, repayment period, monthly payments, early repayment, etc. stated in the agreement. How many of these items in your loan agreement do you

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