Balloon Mortgage Basics: How It Works

A balloon mortgage is any mortgage where the borrower does not have to fully amortize the loan over its term. However, before commiting to this kind of mortgage - you should be fully aware to the different aspects , how exactly does it work, benefits and risks.

Biggest 8 Mortgage Mistakes To Avoid

A mortgage is the most serious debt you can possibly owe.The potential losses might be catastrophic, even losing your home. In this article, we review 8 different mistakes people make when choosing and managing a home loan.

Conventional or FHA: Which is better for you?

In this article, we compare FHA and conventional loans, review of the most important benefits of each of them and the things you have to consider in order to get the right decision.  Conventional or FHA Loans - which one is right for you?

How Can I Avoid Paying Mortgage Insurance (PMI)

Mortgage insurance comes in two basic kinds with nearly similar initials: Private Mortgage Insurance, also known as PMI or Mortgage Insurance Premium, also known as MIP.

While the MIP is a must , there a couple of ways you can avoid the PMI

Interest Only Mortgage Basics

Interest-only loans are loans that allow people to pay only the interest of a loan during an initial fixed period.

.In this article, we explain how this type of mortgage works, who could benefit from am interest rate mortgage , advantages and risks

Mortgage Refinancing: Do You Need It?

Many homeowners resort to mortgage refinance practice for a variety of reasons. However, such decision should be examined carefully to make sure you are doing the right decision.

Here's all about When Refinance Your Mortgage - Do You Really Need It?

Questions You Should Ask Your Mortgage Lender

More than 1/2 of mortgage debtors get their loans through agents.The primary gain of the use of a mortgage dealer, instead of going through a bank, is that the dealer can save amongst numerous creditors to find the exceptional deal.

But do you know what are the most important questions you should ask your mortgage lender?

VA Home Loan - How It Works And What Are Its Benefits

A VA home loan is a mortgage loan backed by the Department of Veterans Affairs (VA) for those who served or are presently serving in the U.S. Military. The VA does not directly lend money for VA home loans but works hand-in-hand with private lenders.

How Does It Work? What Are the main benefits and how to apply?

The Pros And Cons Of FHA Loans

One of the benefits that the Federal Housing Administration offers is a special loan for low-income earners or the moderate families. But is it the right choice for everyone?

To know if it fits for you, we've summarized the advantages and disadvantages of FHA loan