What is Mortgage Amortization?

What is Mortgage Amortization?

What is mortgage amortization, and how is it calculated? Mortgage Amortization First time home buyers, and even seasoned homeowners, regularly obtain loans in order to facilitate real property purchases. Indeed, according to Zillow, in 2021, the average value of real...
What Are The Pros and Cons of a Reverse Mortgage?

What Are The Pros and Cons of a Reverse Mortgage?

If you are a senior and considering a reverse mortgage, you should consider the pros and cons of a reverse mortgage prior to making your decision. Reverse Mortgages Pros You retain title to your home while receiving a steady stream of income form the equity in your...
Assumption Financing on a Pre-Existing Loan

Assumption Financing on a Pre-Existing Loan

What are a buyer’s options when purchasing a property encumbered by a pre-existing loan on a mortgage? In this blog post we will define and discuss some terms to look for when purchasing a property encumbered by a secured deed of trust or mortgage. Generally, a buyer...
What is a Reverse Mortgage?

What is a Reverse Mortgage?

Reverse Mortgage Meaning A reverse mortgage is exactly as it sounds. Rather than the borrower making payments to the lender, the lender makes payments to the borrower based on the value or equity in the borrower’s owner-occupied principal residence. This type of loan...