Home ownership, to most, is an essential part of their life goals, and financial security!
Sometimes, for various reasons, people are held back from this dream because they can’t qualify for a traditional mortgage.
Instead of being trapped in a cycle of renting, choosing to enter a rent-to-own agreement is one solution that can help such individuals obtain the dream of home ownership. (more…)
Refinancing your mortgage is a great way to take utilize your home’s equity, to take advantage of lower interest rates, consolidate debt, and save money. But it can also cost you money if you do it in the wrong way or with the wrong lender!
Before you refinance, it is always best to meet with an independent Mortgage Professional like myself, to make sure you are getting the right product for your current and future needs.
Before you choose to refinance your Mortgage, you should know these 5 things; (more…)
Most mortgage borrowers don’t know what a collateral mortgage is. When a lender registers your mortgage they can either register it as a “Collateral charge” or a “Conventional Mortgage Charge”. There are several lender’s who have done Collateral only mortgages for the last 8+ years so you may very well be in a collateral mortgage without knowing it. So what does this mean to you?
The definition of collateral is self explanatory, however the way it works in mortgage lending is a more of a “Readvanceable Loan”. Let me explain the difference between Collateral and Conventional.