Mortgage Tips
Mortgage Renewals
The mortgage market is very competitive. All of the major banks, trusts and insurance companies are clamoring for new mortgage business and to maintain their existing business. It is truly a consumer's market for mortgages. Let a Professional save you time and money by surveying our lenders and assuring you get the rate you deserve. Let us help you be an informed customer.
Mortgage Investments
Private mortgage lenders earn higher yields by investing in quality second mortgages.
Based on your investment objectives, you will be presented with mortgage opportunities for your examination. You will be provided with complete credit and employment/income verification regarding this borrower and an independent appraisal by a certified appraiser on the property being offered as security for the loan. Contact us to become one of our private funders today.
Building the Perfect Mortgage
The ideal mortgage would be one with a lower-than-market interest rate that is open to prepayment and flexible in every way.
While lenders inevitably fall short of this ideal, keen competition for mortgage business has made them more obliging, especially if you have other business they would like to win. Indeed, the number of choices can make arranging the right mortgage appear overwhelming, especially to first-time home buyers.
Finding the Right Lender
When you are looking for mortgage money, it may be tempting to accept the first offer that comes your way. A word of advice: DON'T
A mortgage is a big financial transaction, so it pays to shop around. Lenders today, are competing very strongly for mortgage business. If you put yourself in a bargaining frame of mind and "shop the market," you will likely be able to get a great Interest Rate as well as additional features to make your mortgage more flexible and less costly.
Mortgages: The Basics
A mortgage is the largest sum of money most people will every borrow. The interest costs alone can easily run into the tens of thousands of dollars. So when borrowing to buy your home, it is important to understand how mortgages work. Knowing how they differ from lender to lender, how much they really cost, and how to reduce your costs can save you a lot of money, and possibly take years off the life of your mortgage.
Consider using a Mortgage Broker
If you do not have a lot of time to go from lender to lender, consider using a mortgage broker. Mortgage brokers are no longer the lenders of last resort. Indeed, many financial institutions pay brokers to generate business: the lender rather than the borrower pays the fees.
Mortgage brokers really come in handy if you have been turned down for a loan from a bank, trust company or credit union. This is often the case if you have declared bankruptcy, have a bad credit rating, or are self-employed.