In a nutshell, a mortgage broker acts as the ‘go-between’ a mortgage borrower (you) and the lender (typically the big Canadian banks). Mortgage brokers act on your behalf offering their expertise and contacts for free, and receive their commission from the lenders only once a mortgage is arranged. There may be charges for their services [...]
Home mortgage rates are in a period of flux during the credit crisis going on at this time in the United States. You will still be able to find decent rates for a home mortgage, but you will need to work a little harder than you would have a few months ago. It is important [...]
In today’s financial environment, we can’t rely on the appreciation of our assets to improve our future financial position. With consumer and personal debt nearing ten trillion dollars, home values and equity declining, and personal investments gone south, consumers are concerned and are looking for solutions. There are many debt management programs on the market [...]
The world of mortgages might seem complicated and expensive, but you could still find a cheap mortgage, whatever your situation. Though there are hundreds of mortgage products on the market from various lenders, there are really only a limited number of mortgage types out there. This short guide breaks down what kinds of mortgages are [...]
Just like many things in this world, not all mortgage loans are created equal. In fact, there are numerous loan offers that you might find scouring the Internet or by visiting with multiple mortgage loan consultants. The question is: How do you determine which mortgage loans are great mortgages? Well, as the saying goes, great [...]
Most of us have encountered the term mortgage. However, only few understand its real meaning. Usually, when we hear the terms, we immediately associate it with debts and real estate acquisition. Although they are somewhat related, mortgage is not a debt. It seems like debt because it involves the pledging of a certain property to [...]
The Liquidity Crisis Has Paralyzed Institutional Commercial Mortgage Lenders We are in the middle of the most challenging credit environment in a generation, crisis is not too strong a word to describe the situation we find ourselves in. American business runs on borrowed money, as-does America’s multi trillion dollar commercial real estate industry. Without the [...]
