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A Home Renovation Loan May Be Just the Thing for You!

Renovations are changes that add value to a house. Renovation planning can cover a lot of ground: from new bathrooms and termite damage repair to stair railings and plumbing. Obtaining a renovation loan brings many advantages. The lifestyle advantages are immediate, but the financial ones are more long-term: a more valuable property to live in [...]

By |2017-01-04T01:02:16+00:00March 9th, 2015|Uncategorized|Comments Off on A Home Renovation Loan May Be Just the Thing for You!

The Benefits of Using a Mortgage Broker Versus a Bank

For many people, mortgage payments are their single largest expense. When they go into their local bank and fill out the mortgage paperwork they like believe they are receiving the best deal, but are bank-brokered arrangements really the best deal you can get? There are so many options available today that going to the bank [...]

By |2017-01-04T01:02:16+00:00March 9th, 2015|Uncategorized|Comments Off on The Benefits of Using a Mortgage Broker Versus a Bank

The Benefits of Mortgage Default Insurance

Many people actively seeking home ownership have to put their dreams on hold because they haven’t saved up enough money to pay the down payment on a home. What is a down payment? A down payment is a portion of your home price that is not financed by the lender. The buyer must pay the [...]

By |2017-01-04T01:02:16+00:00January 30th, 2015|Uncategorized|Comments Off on The Benefits of Mortgage Default Insurance

Mortgage Refinancing Saves You Money

When executed correctly, mortgage refinancing can offer homeowners an opportunity for significant savings. Despite these obvious monetary benefits, many homeowners continue to miss out on refinancing opportunities. This is mainly because they have erroneous beliefs about what it means to refinance a mortgage. What Does It Mean to Refinance a Mortgage? One common misconception is [...]

By |2017-01-04T01:02:16+00:00January 30th, 2015|Uncategorized|Comments Off on Mortgage Refinancing Saves You Money

The Advantages of Fixed Rate Mortgage Loans

Mortgages come in all shapes and sizes, making it difficult for a potential home buyer to make up his or her mind on what kind of loan to opt for. In this blog post, we will be focusing solely on fixed rate mortgages - how they work and the benefits of singing up for one. [...]

By |2017-01-04T01:02:16+00:00January 30th, 2015|Uncategorized|Comments Off on The Advantages of Fixed Rate Mortgage Loans

Are Private Lenders a Better Fit for You?

A private mortgage is a primary form of agreement that is legally binding between two different parties: the lender and the buyer. The lending party in the case of a private mortgage is privately owned, unlike conventional loans which are issued by government-regulated financial institutions. Considering the status of the current economy, more and more [...]

By |2017-01-04T01:02:17+00:00November 12th, 2014|Uncategorized|0 Comments

The Sky Financial Amortization Calculator Takes the Guesswork Out of the Mortgage Loan

   The term “amortization” comes from the Latin word "mort," meaning death. It literally means to kill a loan. It commonly means to repay it, combined with interest, over a specified period. When you shop for a loan – lenders will calculate your monthly payments based on the cost of the house and the interest [...]

By |2017-01-04T01:02:17+00:00October 27th, 2014|Uncategorized|0 Comments

Refinancing a Mortgage Loan

Refinancing a loan essentially means taking one loan and replacing it with another. Refinancing is done to allow a borrower to obtain a different and even better interest term and rate. The first loan is paid off, allowing the second loan to be created, instead of simply making a new mortgage and throwing out the [...]

By |2017-01-04T01:02:17+00:00October 9th, 2014|Uncategorized|0 Comments

Affordable Mortgages for the Self-Employed

Working patterns are changing as an increasing number of us become self-employed, take on contract work or have more than one job. A job for life is no longer the norm. As a result, many people are experiencing difficulty in getting a mortgage from banks. Self-employed mortgages are aimed at those who find it difficult [...]

By |2017-01-04T01:02:17+00:00October 1st, 2014|Uncategorized|0 Comments

 What is a Construction Loan?

A construction loan is a specific type of agreement that caters to those wishing to undertake a major construction or renovation project. This type of loan structure is the answer to a growing need on the property market. How does a Construction Loan Work? A construction loan differs from a regular home loan in how [...]

By |2017-01-04T01:02:17+00:00September 17th, 2014|Uncategorized|0 Comments