I have been advising borrowers who need residential mortgage financing for over seventeen years. My experience shows that no matter how sharp, smart, smart, educated, or ignorant a borrower is: the mortgage rate trap everyone falls into is the same. Unfortunately, when the borrower realizes that he has been misinformed, cheated, or has only been …
[ad_1] A loss of your property, to say the least, is a complicated and time consuming process. Getting that insurance check (also called Draft Loss) is often only half the battle. If you have a mortgage, both your mortgage service company and the entities that invest in your loan (such as Fannie Mae and Freddie …
How do I get my insurance check backed by my mortgage company? An insider’s guide Read More »
[ad_1] Creating attractive interest is challenging in today’s low interest rate environment. The appeal of prime mortgage notes lies in the fact that investors (lenders) remain in the top position as property lien holders, so there is one hard asset (real estate) that provides the security of your investment. The 50-year average for homeownership in …
Some Important Facts About Prime Commercial Mortgage Notes Read More »
[ad_1] How homeowners can get the maximum tax refund. Owning a home. Ask any landlord what is so good about owning versus renting, and most will say “tax deductions!” That’s correct because all homeowners who list their taxes can deduct 100% of their mortgage interest and property taxes from their tax returns. But how do …
[ad_1] By all accounts, reverse home mortgage growth is set to explode. Baby boomers are reaching retirement and, for most, home equity makes up the largest part of their nest egg. Reverse mortgages will be the tools that many of these retirees will use to tap into this nest egg for retirement living expenses. The …
Five Reverse Home Mortgage Scams to Watch Out For Read More »