A mortgage agreement is a binding contract between you, the real estate handling your property, partners who have signed the contract with you, and the lending institution that lent you your money. As with most contracts, it isn’t always easy to break it or get out of mortgage without just cause. To help you get...
One of the most common advertisements that you can see in real estate when looking to buy a new house is the ‘Low Down Payment’. Many realtors would post this on their ad to entice people to buy the property. People get tempted by the idea that they do not have to put out a...
Buying a home is a milestone that many perceive as a sign of success, socioeconomic-wise. It is also one the most daunting tasks any adult will have to undertake in his entire lifetime. Plunging into the buying a house when you are unprepared can cost thousands and sometimes hundreds of thousands if you are not...
Applying for financial products, specifically loans, can be a challenge for self-employed individuals. It might be a little more complicated than what employed mortgage applicants have to go through, but it is not impossible for self-employed individuals to get great deals on mortgages as well. Self-employed individuals will have to take note of what metrics...
When it comes time for you to purchase your house, you should be ready to make the down payment required by the seller. The amount you can put down upfront will also affect your mortgage loan approval. You stand a better chance of being approved for a mortgage when you pay a considerable amount as...
A mortgage is a long-term commitment and responsibility that comes with owning a house. You will have to ensure that you make correct and timely payments on your mortgage or risk losing your home to a foreclosure. If you are nearing the end of your mortgage term and you still have quite a sum left...
The foreclosure of a piece of property is one of the worst things that could happen to any homeowner. It happens when the homeowner is unable to make the payments on their mortgage and is forced to leave by the financial institution they owe. This unfortunate process is fairly common. For buyers looking for a...
Buying a house is something that many people dream of doing. People would save up and make plans on how they can go about achieving this dream. But buying a home is not as easy as buying something from the grocery or the department store. It takes a lot of careful planning and proper know-how...
One of the biggest purchases that anybody can make in their lifetime is a house. On an average, most financial institutions like banks will offer mortgages on 25-year amortization payment terms. This may seem like such a long time to pay off your loan, but a lot of people actually prefer this kind of arrangement....
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