Jun 01 2010
The home mortgage might be biggest personal financial commitment of a borrower in his or her lifetime. Hence, it becomes very important to choose the right kind of home mortgage to save money as well as save from headaches which might crop up in the future. Mortgage is a kind of a pledge or guarantee [...]
Apr 27 2010
The Federal Housing Administration has been helping Americans get loans for over 70 years. Heres an overview of the Administration, better known as the FHA.
Federal Housing Administration
The Federal Housing Administration is, ironically, more of an insurer than anything else. The FHA does not provide mortgage loans to you and me. Instead, it insurers mortgage and [...]
Jan 12 2010
Danger of Deferred Interest Mortgages: Understanding the Risks of Negative Amortization Home Loans
Negative amortization or “neg am” occurs when the minimum payment on a mortgage covers less than the monthly interest charged, causing the balance of the loan to increase instead of decrease. Interest only loans generally dont increase the balance due on a home [...]