In today’s economy, it is harder than ever to afford a new home, especially if like so many, you have been hit hard by the recession. The housing market has taken a huge hit too though, and some of the low prices you see on new homes can look incredibly appealing. If there were ever …
What Are Bridge Loans and How Do They Work?
Are you interested in purchasing a house and want to close on it quickly—even though you haven’t sold your current home yet? This situation is increasingly common in today’s housing market since many people want to take advantage of the good deals that are out there. This is especially true in a situation where you …
Understanding Different Types Of Mortgages
Balloon Loan Out of the many types of mortgages, balloon mortgages may be the least used out of all of the different types of mortgages. They are short term fixed rate loans which give you a set monthly payment based on a 30 year fully amortized schedule and a “balloon” payment at the end of …