By Mortgage Foxes | Broker , Down Payment , Interest Rates , Loan , Mortgage , Pre-Qualify
Making the decision to buy your own home can be one of the most stressful but rewarding choices of all. If you’re a first time buyer, the entire process can seem very intimidating. A few common sense tips can help you ease your way through it much easier. First off, do your research on basic […]
Continue reading
By Mortgage Foxes | Investing , Mortgage
There are many ways in which a person can make a living when it comes to real estate investing some of them carry more risks than others. It goes without saying that those that carry the greatest risks are often the very real estate investment methods with the highest potential profit but slow and steady, […]
Continue reading
By Mortgage Foxes | Broker , Loan , Mortgage
When it comes to owning property many people around the world will tell you that this is a lifelong dream. While once an opportunity that seemed to be reserved for either the wealthiest or the most miserly among the general population home ownership is now something that is accessible to a larger segment of the […]
Continue reading
By Mortgage Foxes | Loan , Mortgage
One question that seems to be commonly asked among those who are interested in real estate investment, particularly in flipping properties, is whether or not a real estate inspection is really necessary. The long and short answer to that question is absolutely and I will do my best to explain exactly why this is so. […]
Continue reading
By Mortgage Foxes | Broker , Loan , Mortgage
Mortgage broker. Mortgage lender. Bank loan officer. They’re all the same. Their job is to sell you mortgages. Period… Well, not exactly. While all three are closely related, the nature of their jobs deviates slightly from each other. What’s a mortgage broker? Contrary to popular belief, mortgage brokers do not work for the loan company […]
Continue reading
By Mortgage Foxes | Credit , Loan , Mortgage
There is only one way of getting out of a financial crisis if you have a bad credit history. Get a bad credit mortgage loan. When you apply for a loan, the first question every lender asks is: “How’s your credit report?” If the answer is in any way viewed as negative, your application is […]
Continue reading
By Mortgage Foxes | Interest Rates , Mortgage
For most people, the biggest purchase they will ever make is their home. In fact though, their mortgage and the mortgage interest rates it connotes are a larger purchase than their home. In single loan term, the amount you pay to cover the mortgage interest rate cost is more often than not more than what […]
Continue reading
By Mortgage Foxes | Loan , Mortgage
A home loan that you do not have to pay back for as long as you’re alive or for as long as you live there? That sounds too good to be true, but that’s what reverse mortgages do. A reverse mortgage is a loan that you make where you do not have to pay back […]
Continue reading
By Mortgage Foxes | Loan , Mortgage
A take over mortgage is a loan where the terms and conditions of the loan can be transferred from one borrower to a new borrower. The term take over mortgage is also used to refer to assumable loan. Home buyers can assume a seller’s mortgage when purchasing a home with a take over mortgage payment. […]
Continue reading
By Mortgage Foxes | Loan , Mortgage
A second mortgage loan is a subsequent loan and subordinate to the earlier mortgage. In other words, a second mortgage loan is used as collateral pledged for the first loan. Length of Second Mortgage Loans Second mortgage loans have varying lengths with which they are eventually paid off. Some second mortgage loans may last for […]
Continue reading