Category: Loans

Getting a Mortgage After Foreclosure

Foreclosures are the result of the homeowner defaulting on mortgage payments or taxes imposed by the federal and the state government. The latter is known as a tax lien...

How Does a Second Mortgage Work

A traditional mortgage enables a person to buy a house by borrowing money from the mortgage lender. Generally, banks and credit unions are preferred lenders since they...

Mortgage Loan Underwriting

The entire financial condition of the applicant is reviewed during the mortgage loan underwriting process. The applicant provides the lender with the documents that...

Types of Home Mortgage Loans

Have you decided to buy a new home, but don’t know which loan to apply for? A home mortgage loan could be what you are looking for. It is a type of loan that is...

Disadvantages of a Reverse Mortgage

As the name suggests, reverse mortgage (also known as conversion mortgage) is the opposite or mirror image of the conventional type. Here, instead of the borrower...