Mortgage Basics

Home Mortgage Loans – Fixed Rate, Adjustable Or Balloon, Which One Is Right For You?

by Carrie Reeder When you’re shopping for a new home—especially for the first time—all the terms and expressions may be confusing and difficult to understand. Adjustable rate, fixed rate, balloon payment – how do you decide which is the right type of home mortgage for you if you’re not even sure what each of them [...]

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A Blanket Mortgage covers multiple properties on the same loan

by Syd Johnson Blanket mortgages are mostly used by commercial developers for one of two purposes: first, they might have a plot of land that they plan to develop into multiple lots and sell them off. Instead of getting a mortgage on each individual lot, they get a blanket mortgage for the entire development. The [...]

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Mortgage Terminology for the First Time Home Buyer

by Dale Ronewicz Buying a Home for the first time can be a little “nerve racking”. Mortgage terminology that brokers use everyday can leave you scratching your head or shaking your head pretending that you know what they’re talking about. Here are some mortgage terms and definitions that you”ll be hearing when shopping for a [...]

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Mortgage Terms Explained

by Chris Cooper When you are hunting for a mortgage, you will find that there are many different types of mortgages available. I will list some of the more common ones and their uses. 15 vs 30 Years Your mortgage term can be just about anything you choose. 15 and 30 year terms are popular [...]

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Mortgage Soup

by J. Stewart Looking for home mortgage loans can get confusing with the alphabet soup of mortgage loans programs available today. Most of these programs are just variations of fixed rate and adjustable rate mortgage loans. These loans can be structured to meet your financial needs, and most are available in 15 or 30-year terms. [...]

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