Insights into the interest payments made on your loans are easier to identify with the help of a loan amortization schedule detailing the interest paid in each of your monthly mortgage payments…
Second mortgages are secured by your first mortgage and this often times allows you to get a considerably better rate. If you have paid off your first mortgage you can probably borrow up to 100% of the value of your home for you second mortgage…
Mortgages are the largest monthly payments most all of us make throughout our lives. While it is a joy to go from renting to owning we still want to get the best rate possible and understanding all of our options before taking the plunge…
VHA home loans are insured by the federal government and are available with lower down payments and interest rates. Qualifying is a process taken care of by the government and certain rules apply. VHA home loans also have no monthly mortgage premiums…
Home equity is the amount of the value of your home that you own, meaning what you have already paid for. Home equity loans are a great way to take advantage of this equity to finance other large purchases such as home improvements or the purchase of a second home…
Amortization is the gradual elimination of your loan debt as you make payments. Each of your payments consists of both interest and principal paid towards your loan balance. Over the life of your loan you will pay more and more principal each month and less and less interest…
