If you happen to be going through a separation or divorce, you need to be aware that there are mortgage products designed specifically to allow you to refinance your home in order to buyout your, soon to be ex, spouse. (more…)
Debt consolidation refers to taking all your separate debts and creditor and putting them into a single loan. Making it easier for borrowers because it there is only one payment, less interest paid on each dollar, strengthens credit scores, and simplifies the repayment process.
A debt consolidation loan’s terms will depend on your credit score (the better your credit score, the better the interest rate), amount of debt, and type of loan taken.
Debt consolidation loans come in many forms and cover consolidating many types of debts.
When you incorporate your business, you can protect your personal finances and personal property in the event of a legal action being filed against you as the only assets liable would be those that belong to the corporation specifically. Incorporating your business also allows you to purchase assets under that company which lets you increase your business assets, credit rating and enter into real estate investment’s.
Foreclosure is an unfortunate event and it can happen to anyone, even you. The good news is, if you are still in your home but you’re already in foreclosure, you may be able to stop it. Generally speaking, real estate lawyers or very specialized mortgage agents, are the only people who are qualified to explain what Foreclosure and Power of sale means and what might be done about stopping it as we have the experience and expertise to analyze all documentation to help you make an informed decision.
If you are a borrower who is perhaps self-employed, have questionable income stability or employment history or mediocre credit, it’s likely that your lender will need a guarantor or cosigner for your mortgage. In their eyes, this will ensure them that someone will be held responsible if you areunable to make your mortgage payments.
Are you the person who is considering becoming the guarantor or cosigner, then you should understand the difference between the two, they are very different, as each comes with certain rights and responsibilities. (more…)
There are a lot of mortgage terms, many of which people don’t understand, one of the most common is “assuming a mortgage.” This term has been around for many years and it comes with many advantages and disadvantages to both home buyers, and sellers alike.