Are you dreaming of owning a home but don’t know what kind of income you need to qualify for a $500K mortgage? You’ve come to the right place! As a mortgage loan officer, I’m here to help. In this article, we’ll look at how much income is needed to secure a $500K mortgage and explore …
Are you considering taking out a mortgage loan? If so, it’s important to understand your options when it comes to mortgage insurance premiums. This article will provide an overview of what these premiums are and how they can impact your loan. We’ll also explain the benefits and drawbacks of paying this type of premium. Mortgage …
Refinancing a mortgage can be a great way to save money and reduce monthly payments. But, how soon can you refinance your mortgage? As an experienced mortgage refinancing expert, I’ll provide the answers to this important question. Refinancing your mortgage is an effective strategy for reducing your monthly payments and taking advantage of lower interest …
A mortgage note is one of the most important documents in the world of real estate. It outlines the terms and conditions of a loan between a lender and a borrower, and serves as an agreement between both parties. As a mortgage note writer, it’s my responsibility to ensure that this document is accurate and …
Property taxes are an important part of planning for a mortgage. For many people, it can be confusing to determine which expenses are covered in their mortgage and which ones they must pay out of pocket. In this article, I will explain what property taxes are, who pays them, and whether or not they’re included …
Mortgage interest can be a complex subject for many people. Understanding how it works is essential for anyone considering taking out a mortgage. In this article, I will explain how mortgage interest works from the perspective of an experienced mortgage interest expert. Mortgage interest is the amount of money you pay to borrow money for …
This is just one of our articles referencing the financial crisis, crash of the housing market, subprime, and more: Even as the Fed helped to stabilize the situation over the weekend, the stock market is down again on Monday morning. What is alarming from our standpoint is that CIT, Lehman, and National City Corporation all …
Clinton repeal of Glass-Steagall faulty as seen today Read More »
This is just one of our articles referencing the financial crisis, crash of the housing market, subprime, and more: Should we balance the nation’s budget or should we pay down the national debt? It would be nice to do both but that is not going to happen. Instead, thanks the most inept bipartisan government in …
United States nears bankruptcy as national debt mounts Read More »
This is just one of our articles referencing the financial crisis, crash of the housing market, subprime, and more: GMAC today reported that second-quarter net income fell to $293 million from $787 million a year earlier. Its mortgage unit, Residential Capital LLC, had a loss of $254 million, compared with a profit of $548 million …
This is just one of our articles referencing the financial crisis, crash of the housing market, subprime, and more: A suit files in South Carolina alleges the borrower was not properly informed of how an option ARM actually works. The suit was filed Nov. 16 in U.S. District Court in Charleston and names as defendants …
