Mortgages

Nov 15 2016

The Pros And Cons Of A 15-Year Mortgage #greentree #mortgage #company

#15 year mortgage # The Pros And Cons Of A 15-Year Mortgage

Nov 14 2016

Pros and cons: The 40-year mortgage #mortgages #for #bad #credit

#40 year mortgage # Pros and Cons: The 40-year Mortgage As consumers evaluate the prices in today s real estate market, they re looking for traditional as well as alternative strategies to help them get into a home. One way to combat a challenging price tag is to apply an old strategy the 40-year-mortgage to current financing options. Not all lenders are offering a 40-year mortgage, but they re worth exploring. How a 40-year Mortgage Works As with today s more common 15, 20 and 30-year conventional mortgages. the amortization period of a four-decade mortgage is pegged to a fixed …

Nov 13 2016

The Pros and Cons of a Reverse Mortgage #cherry #creek #mortgage

#reverse mortgage disadvantages # The Pros and Cons of a Reverse Mortgage A reverse mortgage can be a valuable retirement planning tool that can greatly increase retirees income streams by using their largest assets: their homes. A reverse mortgage allows homeowners to borrow against their home s equity, while still maintaining ownership of the home. The best part about a reverse mortgage is that unlike conventional mortgages, there are no payments involved. Instead, the lender makes payments to the borrower either through a lump sum, monthly payments, or a line of credit. The reverse mortgage is repaid when the borrower …

Nov 13 2016

Pros, cons, benefits, disadvantages and pitfalls of reverse mortgages #mortgage #information

#reverse mortgage disadvantages # Pros and Cons, Benefits, Pitfalls and Disadvantages of Reverse Mortgages People who are marketing reverse mortgages are really good at what they do. Just look at reverse mortgages now they are the hot trend in loans and getting some cash into the coffers of America s seniors . While you may believe all the hype, common sense will tell you that just like all good things they have their pros and cons, advantages and disadvantages, benefits and pitfalls. PROS, ADVANTAGES, BENEFITS A reverse mortgage is another way that you can get some money from your own …

Nov 10 2016

What Is Mortgage Payment Protection Insurance – Pros – Cons #biweekly #mortgage #calculator

#mortgage protection # What Is Mortgage Payment Protection Insurance Pros Cons If you have a mortgage on your home, chances are you ve gotten plenty of offers for mortgage protection insurance. For example, shortly after I signed the papers for my new home, I started receiving mailers with information on mortgage protection insurance. It has now been more than a year, and I am still receiving these offers. When you re inundated with these mailers, it s difficult to know what to take seriously and what to throw out as junk mail. Plus, why does anyone need mortgage protection insurance …

Nov 7 2016

Pros and Cons of Adjustable Rate Mortgages #calculate #mortgage #payment #with #taxes

#adjustable rate mortgage # Adjustable Rate Mortgages Updated March 15, 2016 Adjustable rate mortgages (ARMs) are home loans with a rate that varies. As interest rates rise and fall in general, rates on adjustable rate mortgages follow. These can be useful loans for getting into a home, but they are also risky. This page covers the basics of adjustable rate mortgages. The Rate Adjustable rate mortgages are unique because the interest rate on the mortgage adjusts with interest rates in the marketplace. This is important because mortgage payment amounts are determined (in part) by the interest rate on the loan. …

Nov 6 2016

Pros and cons: The 40-year mortgage #5 #year #mortgage

#40 year mortgage # Pros and Cons: The 40-year Mortgage As consumers evaluate the prices in today s real estate market, they re looking for traditional as well as alternative strategies to help them get into a home. One way to combat a challenging price tag is to apply an old strategy the 40-year-mortgage to current financing options. Not all lenders are offering a 40-year mortgage, but they re worth exploring. How a 40-year Mortgage Works As with today s more common 15, 20 and 30-year conventional mortgages. the amortization period of a four-decade mortgage is pegged to a fixed …

Oct 28 2016

The Pros and Cons of a Reverse Mortgage #private #mortgage #lenders

#reverse mortgage disadvantages # The Pros and Cons of a Reverse Mortgage A reverse mortgage can be a valuable retirement planning tool that can greatly increase retirees income streams by using their largest assets: their homes. A reverse mortgage allows homeowners to borrow against their home s equity, while still maintaining ownership of the home. The best part about a reverse mortgage is that unlike conventional mortgages, there are no payments involved. Instead, the lender makes payments to the borrower either through a lump sum, monthly payments, or a line of credit. The reverse mortgage is repaid when the borrower …

Oct 25 2016

Interest-Only Mortgage – Pros and Cons Interest-Only Mortgage #easy #mortgage #calculator

#interest only mortgages # Interest-only mortgages Make sure you understand the terms of an interest-only mortgage before you sign. How interest-only mortgages work When you take out a traditional mortgage, you pay the lender a monthly amount that s a blend of principal plus interest. The principal goes to repayment of the money you borrowed. The interest is what the financial institution charges for the use of the money. When you take out an interest-only mortgage, you pay only interest every month for a fixed period of time — usually the first five to 10 years. Then, depending on the …

Oct 24 2016

What Is Mortgage Payment Protection Insurance – Pros – Cons #home #equity #loan #rates

#mortgage protection # What Is Mortgage Payment Protection Insurance Pros Cons If you have a mortgage on your home, chances are you ve gotten plenty of offers for mortgage protection insurance. For example, shortly after I signed the papers for my new home, I started receiving mailers with information on mortgage protection insurance. It has now been more than a year, and I am still receiving these offers. When you re inundated with these mailers, it s difficult to know what to take seriously and what to throw out as junk mail. Plus, why does anyone need mortgage protection insurance …

Oct 23 2016

How Do FHA Loans Work? (Pros and Cons) #mortgage #bankers #association

#fha mortgages # FHA Loan Basics Updated June 27, 2016 Loans from the Federal Housing Administration (FHA) are popular options for borrowers because they allow you to buy a home with a relatively small down payment. Designed to promote home ownership, FHA loans make it easier for people to qualify for a mortgage. But they’re not for everybody, so it pays to understand how they work and when they work best What is an FHA Loan? An FHA loan is a home loan that is insured by the FHA. In other words, the offers a guarantee to your bank: if …

Oct 23 2016

The Pros And Cons Of A 15-Year Mortgage #home #mortgage #calculator

#15 year mortgage # The Pros And Cons Of A 15-Year Mortgage

Oct 6 2016

Reverse Mortgage Pros and Cons #first #option #mortgage

#reverse mortgage disadvantages # Reverse Mortgage Pros and Cons Pros of Reverse Mortgages Allows the homeowner to stay in the home. Can pay off existing mortgages on the home. No monthly mortgage payments are required, however the homeowner must live in the home as their primary residence, continue to pay required property taxes, homeowners insurance and maintain the home according to Federal Housing Administration requirements. The homeowner receives payments on flexible terms: Credit line for emergencies Monthly payments Lump sum distribution Any combination of the above A reverse mortgage can not get upside down so the heirs will never be …

Oct 4 2016

Pros and Cons of 50 Year Mortgage Loans #rate #mortgage

#50 year mortgage # Pros and Cons of 50 Year Mortgage Loans 50 year mortgage loans are not an option for all borrowers, but some lenders will allow the option. These lengthy loans are typically used on very large loans, such as jumbo loans over the nationally recommended loan size. Pros of 50 Year Mortgage Loans You will have very low monthly payments when you stretch your loan out over such a long period of time, even if the loan size is large. The main advantage of spreading a loan out is purchasing a house you can grow into in …

Oct 3 2016

Interest-Only Mortgage – Pros and Cons Interest-Only Mortgage #mortgage #calculator #with #insurance #and #taxes

#interest only mortgages # Interest-only mortgages Make sure you understand the terms of an interest-only mortgage before you sign. How interest-only mortgages work When you take out a traditional mortgage, you pay the lender a monthly amount that s a blend of principal plus interest. The principal goes to repayment of the money you borrowed. The interest is what the financial institution charges for the use of the money. When you take out an interest-only mortgage, you pay only interest every month for a fixed period of time — usually the first five to 10 years. Then, depending on the …

Sep 25 2016

mortgage protection insurance

#What Is Mortgage Payment Protection Insurance – Pros – Cons If you have a mortgage on your home, chances are you ve gotten plenty of offers for mortgage protection insurance. For example, shortly after I signed the papers for my new home, I started receiving mailers with information on mortgage protection insurance. It has now been more than a year, and I am still receiving these offers. When you re inundated with these mailers, it s difficult to know what to take seriously and what to throw out as junk mail. Plus, why does anyone need mortgage protection insurance anyway? …

Sep 24 2016

private mortgage lenders

#Pros and cons of private-mortgage loans. The problem for most borrowers in recent years hasn’t been low mortgage rates. it has been the strict lending requirements imposed by most lenders. If you’re having trouble qualifying for a conventional mortgage, a private-mortgage lender may be an option. Private money funds, also known as “hard money,” usually come from private investors or private lending companies who are willing to loan homebuyers money to purchase a specific property, says Jared Martin, chief executive officer of Keystone Funding, Inc. in Media, Pa. Homebuyers can often find these lenders by joining a real estate investment …

Sep 23 2016

mortgage market

#Secondary Mortgage Market: Definition, Pros, Cons By Kimberly Amadeo. US Economy Expert Kimberly Amadeo clarifies economic and business news. She outlines how these trends affect you and, most important, the steps you need to take so you can profit now. She is the author of The Ultimate Obamacare Handbook. to be published in Fall 2015 by SkyHorse Publishing, and Beyond the Great Recession: What Happened and How to Prosper . Sign up for the free 5-day U.S. Economy ecourse here. By this time next week, you’ll understand how the economy works as explained in five daily emails. Definition: The secondary …

Sep 15 2016

fha mortgage loans

#How Do FHA Loans Work? (Pros and Cons) By Justin Pritchard. Banking/Loans Expert Justin Pritchard helps consumers navigate the world of banking. Read more Loans from the Federal Housing Administration (FHA) are popular options for borrowers because they allow you to buy a home with a relatively small down payment. Designed to promote home ownership, FHA loans make it easier for people to qualify for a mortgage. But they’re not for everybody, so it pays to understand how they work and when they work best What is an FHA Loan? In other words, the offers a guarantee to your bank: …