Tag: Mortgage

Posted on 09/01/2019

Borrowing against your home is called home equity. Home equity is the value of your property after deducting your remaining mortgage balance and is one of the sources of income for homeowners. After ultimately paying off your mortgage, it’s possible that the value of your property increases – which also increase your equity amount. If you live in...

Borrowing

Mortgage

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Posted on 07/28/2019

Coming to Terms: Fannie Mae, Ginnie Mae, and Freddie Mac

Ginnie, Freddie, and Fannie are friends of the real estate mortgage and housing industry. You hear about them whenever you read very deeply about how mortgages work. But who are they? And what do they have to do with you? What’s in a name? These three entities are nicknames for mortgage agencies established by the United States Government....

Mortgage

Real Estate

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Posted on 06/09/2019

What to Know About an Alternative Mortgage

Over the years, mortgage options were likely limited to what a person's local bank was willing to offer him or her. But today's new marketplace provides several fresh opportunities. With the continuous influx of alternative lenders, many homebuyers are now fully ready to connect with lenders all over the nation. Online, they can check out several loan systems...

Mortgage

Personal Finance

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Posted on 05/19/2019

Getting a Mortgage for Another Property

Most people that obtain a mortgage loan against another property usually plan to buy a second house. This means that they are not ready to sell or move out of their existing place of residence, but they wish to have a second house that they can occupy later, use as a vacation retreat or as an income property....

Mortgage

Second Home

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