6 Mortgage Mistakes

During the 2007-2009 financial crisis, the United States economy crumbled because of a problem with mortgage foreclosures. Borrowers all over the nation had trouble paying their mortgages. At the time, eight out of 10 borrowers were trying to refinance their mortgages. Even high end homeowners were having trouble with foreclosures. Why were so many citizens … Read more

Are You Eligible For A Reverse Mortgage

Looking to get a mortgage and compare home loans is not a simple process? There are many different types of home loans, and lenders can be very strict about who is able to take out a line of credit. For instance, each lender establishes their own criteria for a down payment, but most often you’ll … Read more

Commercial Mortgages, What To Expect?

The rise of the U.S. mortgage market occurred between 1949 and the turn of the 20th century, and different types of home loans are now the conventional method for people to purchase homes and commercial property. Perhaps you have applied for a home mortgage and are now seeking a loan for the property that houses … Read more

Mortgage LTV Ratio & Margin of Finance for Home Loans

In Malaysia, it is normal to expect 90% LTV ratio for a residential mortgage loan (more commonly known as a housing loan). But Bank Negara closely regulates the LTV ratios for residential mortgage loans to prevent uncontrolled speculation. If a person has 2 or more existing residential mortgage loans, LTV is capped at 70% for … Read more

Reverse Mortgage Pros And Cons

If you’re a homeowner who is at least 62 years old and exploring ways to finance retirement, you may be considering a reverse mortgage: a product that allows you to convert your home equity into cash. Whether you are looking for money to pay for a home improvement, cover healthcare expenses or pay off an existing … Read more