Mortgage By Demise

Mortgage By Demise

A mortgage is nothing but the transfer of interest in property to the lender till the mortgage terms are fulfilled completely. This means that the ...

Mortgage Loans

Home Equity Loans: A “Secure” Option

A home equity loan, as the name itself suggests, also known as HEL, is one in which the borrower uses the equity in his or ...

Blanket Mortgage : A Better Cover
Mortgage Loan Basics
Mortgage Acceleration Clause

Mortgage Acceleration Clause

An acceleration clause allows the lender to immediately call the loan due and payable in certain events. These events can range from selling the property to another person without paying the balance to the lender to making major changes to the property without informing or ...

What is a Debt Service Coverage Ratio?

What is a Debt Service Coverage Ratio?

The debt service coverage ratio (DSCR) is the ratio of cash on hand for debt servicing to interest, principal as well as lease payments. It ...

Federal Housing Administration: Supporting Mortgages

Federal Housing Administration: Supporting Mortgages

The Federal Housing Administration (FHA) is a United States Government agency which was created in 1934 as a part of the National Housing Act of ...

Predatory Mortgage Servicing: Avoiding Being a Victim

Predatory Mortgage Servicing: Avoiding Being a Victim

Predatory Mortgage Servicing is a term that is used for describing the abusive, unfair, fraudulent or deceptive mortgage servicing practices used by the mortgage servicers. ...

Hard Money Loan: Raw Deal

Hard Money Loan: Raw Deal

A hard money loan is a type of asset backed financing which is secured by pledging the value of the property as collateral. These loans ...

Shared Appreciation Mortgage: Long Term Waste

Shared Appreciation Mortgage: Long Term Waste

A shared appreciation mortgage (SAM) is one which is related to the appreciation of the property in a mortgage. This means that the lender will ...

Chapter 7 Bankruptcy

Chapter 7 Bankruptcy

In the United States chapter 7 bankruptcy is the most common among the various other types of bankruptcies available. This type of bankruptcy can be ...

What Are Mortgage Calculators?

What Are Mortgage Calculators?

Mortgage calculators are used in determining the amount of mortgage or property that a person can afford. These calculators can also be used for comparing costs of several different loans and to calculate the impact of monthly or bi-weekly payments on the length of the ...

What Is Refinancing?

What Is Refinancing?

Refinancing refers to the replacement of an existing debt obligation with a debt obligation comprising of different terms. The most widespread consumer refinancing is for a home mortgage. If the substitution of debt takes place under financial suffering, it is instead called debt restructuring. Refinancing can ...

Ginnie Mae: Boon Or Bane?

Ginnie Mae: Boon Or Bane?

Ginnie Mae is an acronym for the Government National Mortgage Association which is a government owned corporation. It came into existence when the Federal national association was split into two parts and one was Fannie Mae which was a private enterprise and the other was ...

The Process Of Foreclosure

The Process Of Foreclosure

The process of foreclosure can be slow or it can be rapid. It completely depends on the state and the type of foreclosure that is being enforced. In the United States there are two basic types of foreclosures; a strict foreclosure or a deed in ...

Types Of Foreclosures

Types Of Foreclosures

A foreclosure is a legal proceeding in which the lender, who is usually the lien holder or mortgagee, obtains a court ordered termination of the borrowers or mortgagors equitable right of redemption. This simply means that the real estate or property is possessed by the ...

Forbearance: A Temporary Option

Forbearance: A Temporary Option

Mortgagors now and then have troubles making payments. This might cause the mortgagee to initiate the foreclosure procedure. To keep away from foreclosure, the mortgagee and the mortgagor can create a contract called “forbearance”. According to this contract, the mortgagee postpones his right to carry ...



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