Category Archives: Mortgage Loan
Subprime Mortgage Loans – Why Choose These When You Do Not Have to
Subprime mortgage loans, which are high-risk mortgages with higher interest rates to compensate for poor credit records or late payments, often appear to be the only option for those who have low credit scores or want to get a mortgage solution. There are other options available to this borrower, however. Alt-A loans are a program that allows borrowers with poor credit scores to receive many of the same benefits as those who qualify for the “prime” loan.
The Truth About Reverse Mortgage Loan Prices
You have probably heard the following negatives about reverse mortgages. This seems like a valid statement on the surface. If you begin to compare the costs of a mortgage to other options like moving and selling your home, you might find that they are not as high if your assets or income is other than your home. You may find that the cost of a reverse mortgage is not excessive if you really need it to make ends meet, or for financial reasons.
Which type of mortgage loan is right for you?
Both homeowners and homebuyers need to determine which mortgage loan is best for them. Submitting an application (Uniform Residential Loan Application) is the next step to get a mortgage loan. We make it easy to get a mortgage loan.
Here is a brief summary of the loan types currently available.
