Category: Mortgage Loans
What are Mortgage Loans with No Down Payment?
Finance KarmaDec 19, 2016
People who are interested in buying a home by availing a conforming mortgage, are required to provide at least 20% of the price of the home as down payment. Prior to the...
Mortgage Loss Mitigation
Finance KarmaDec 19, 2016
Mortgage Loss Mitigation Mortgage insurance companies collect a premium on mortgages that require either the borrower or the lender to pay for private mortgage insurance...
What is a Second Mortgage?
Finance KarmaDec 19, 2016
What is a Second Mortgage? A second mortgage, like the name suggests, is a loan taken out on a property that is already mortgaged. Simply put, it is a second loan on the...
Mortgage Loans After Bankruptcy
Finance KarmaDec 19, 2016
Mortgage Loans After Bankruptcy Filing bankruptcy is a consequence of the debtor being unable to discharge debt obligations. The eligible consumer/debtor has the option...
Second Mortgage Vs. Home Equity Loan
Finance KarmaDec 19, 2016
Second Mortgage Vs Home Equity Loan A primary mortgage lender advances money to a borrower, who uses the funds to finance the purchase of a home. A mortgage is a secured...
What are Mortgage Rates Based On
Finance KarmaDec 19, 2016
Mortgage Rates Based For an individual who wants to buy a property with a good mortgage deal, the interest rate is one of the most important considerations. Before...
Getting a Mortgage After Foreclosure
Finance KarmaDec 19, 2016
Getting a Mortgage After Foreclosure Foreclosures are the result of the homeowner defaulting on mortgage payments or taxes imposed by the federal and the state...
How Does a Second Mortgage Work
Finance KarmaDec 19, 2016
How Does a Second Mortgage Work? A traditional mortgage enables a person to buy a house by borrowing money from the mortgage lender. Generally, banks and credit unions...
Mortgage Loan Underwriting
Finance KarmaDec 19, 2016
Mortgage Loan Underwriting The entire financial condition of the applicant is reviewed during the mortgage loan underwriting process. The applicant provides the lender...
Types of Home Mortgage Loans
Finance KarmaDec 19, 2016
Types of Home Mortgage Loans Have you decided to buy a new home, but don’t know which loan to apply for? A home mortgage loan could be what you are looking for. It...
