During the 2007-2009 financial crisis, the United States economy crumbled because of a problem with mortgage foreclosures. Borrowers all over the nation had trouble paying their mortgages. At the time, eight out of 10 borrowers were trying to refinance their mortgages. Even high end homeowners were having trouble with foreclosures. Why were so many citizens […]
Is this the first time of you learning about reverse mortgages? Reverse mortgage is a scheme designed to convert part of your home equity into cash and pay it back to you. Sounds similar to a normal mortgage loan? Not quite. Below is the flow chart to show the main difference between reverse a mortgage … Read more
Why was your loan rejected and does it indicate an end of your property investment journey? “Mortgage application is rejected!” This phrase is quite frightening, but this does not mean you can’t get a mortgage loan anymore. Gone were the days where an officer judges and evaluates your loan application based on how they feel … Read more
If you are a first time buyer, you are most likely to have more questions or rather confusions in your mind. Perhaps, reading down the lines of this article will clear some or maybe all the doubts that you have in mind. One thing that you must understand before you proceed any further is that … Read more