Mortgage Loan Basics: Interest Only Loans

To understand loans and mortgages we need to understand loan limits first. If your loan amount exceeds the amount below, you will qualify for a Jumbo Loan, which carries higher interest rate.

One-Family (single family homes) $417,000 Continue reading →

Mortgage Crisis Giving more Woes to the Economy

The economic scenario seems to be getting worse as the financial sector continuously reporting huge losses from exposure to the mortgage market. Even the residential sector, the commercial real estate sector, and sectors Continue reading →

A quick guide to mortgages

Buying a dream home is one of the major milestones of any individual’s life. The price of real estate is increasing day by day. The designer and flashy homes, which appeal us the most, are beyond the financial capabilities of a lot of individuals. However, this fact should not deter us from fulfilling such a dream. With widely available low interest mortgages, now Continue reading →

A Mortgage Secret for First-Time Buyers – It Can Pay To Buy More

It’s not easy to buy a first home, so here’s a suggestion that may be surprising: Instead of buying one residence, buy several. What I’m suggesting has nothing to do with late night infomercials or books that promise fast and easy wealth from real estate. Instead, many first-time buyers can benefit from an interesting quirk in the mortgage system.

When you hear people talk about “real estate financing” they generally divide mortgages into two categories; loans for owner-occupants and more expensive and tougher loans for Continue reading →

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Interest rates – rates derivative

jumbo mortgages rules  and interest