13 Sep 2013
By Mark Feder
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What You Need To Know About Mortgage Insurance

Mortgage Tips
If you are on the verge of buying real estate, you've probably heard the term Private Mortgage Insurance. Mortgage professionals talk about it a great deal, but you may be asking, "What is it exactly? And why should I care?" Private Mortgage Insurance Defined PMI is required by lenders if the down payment of a purchase is less than 20 percent of the home's value. It protects the lender if the borrower defaults on the loan. It also makes the lender more apt to loan, even if the down payment is as low as 3%, because in the long run,…
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10 Sep 2013
By Mark Feder
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Read This Before Signing Your Reverse Mortgage

Mortgage Tips
There are many reasons people take out reverse mortgages. However, this option is usually considered by cash-strapped seniors who own their homes and are looking to ease the burden of their golden years. The beauty of reverse mortgages is that you'll receive money as long as you are current on property taxes and homeowners insurance. While this seems like an appealing opportunity, it's a decision that should not be made lightly. Not only is the reverse mortgage complicated in itself, but homeowners make all sorts of mistakes when they're too quick to sign the dotted line. So if you're considering…
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05 Sep 2013
By Mark Feder
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Reasons To Think Twice Before Paying Off Your Mortgage Too Quickly

Mortgage Tips
Most of the financial advice out there is focused on how you can pay off the mortgage on your home as quickly as possible, from making lump sum payments to switching to bi-weekly payments rather than monthly. However, there are a few things that you might want to consider before you put all of your financial efforts into paying off your mortgage as quickly as possible. Diversifying Your Investments Of course, paying off your mortgage as fast as possible has a number of obvious advantages. You will be able to own your home a lot sooner and you will decrease…
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03 Sep 2013
By Mark Feder
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7 Tips On Getting A New Mortgage After Bankruptcy

Mortgage Tips
You have found your dream home and you are eager to get a mortgage, move into the property and start enjoying life there. However, there is only one problem standing in your way – the fact that you have been through some hard financial times in the past. If you (or your partner) have been bankrupt previously, will this affect your chances of being able to buy the home you want? The good news is that it is still possible to obtain a mortgage even if you have been bankrupt before. Here are some tips that will help you to…
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