If you are in the market for a home mortgage, knowing the various types of home loans being offered by lenders will help you decide what program is best for you. There are numerous kinds of home mortgages available and their main differences are usually found in the interest rate and the down payment requirement. Here, we tackle the more common and more popular types of home mortgages. Fixed Rat...

If you are in the market for a mortgage loan, it would be best to familiarize yourself with the various lender roles that you may encounter along the way. Below are the more common lender roles. Mortgage brokers act as intermediaries between lenders and borrowers. They typically work with many lenders so they can help the borrower save time in securing loan options and in negotiating. Mortgage b...

With the changes in the interest rate environment, many people have considered refinancing their existing mortgages. There are usually two primary reasons for refinancing: to save cash and to change mortgage type. A homeowner or investor can save cash with lower interest payments when interest rate on the loan is decreased. Some borrowers also wish to get out of a fixed interest loan and change...

There has always been a long-standing debate over owning a house versus renting one, and experts have repeatedly advised their clients that purchasing a home will help them come out ahead in the long run. Most people who purchase a property do so by taking out a mortgage, a long-term loan that is usually fully secured by the property you wish to buy. When you're thinking of securing such loa...