The Mortgage Process Explained
The mortgage loan process can be daunting. The videos will explain the loan process from application to approval. There are four steps to the loan process: Origination, Processing, Underwriting, and Closing.
First is Origination also called the documentation stage. This is where you provide all
Creative Financing
Creative financing: You’ve heard of it, and, as a seller, the idea sounds pretty attractive. But, do you know everything you need to know about carrying back a second; essentially, about becoming a lender? You better know the same things that financial institutions know - you better know about len
Adjustable Rate Mortgages - The Pros & Cons
An adjustable rate mortgage (ARM) has an interest rate that fluctuates periodically. This is in contrast to a fixed rate mortgage, which always has the same interest rate.
Every ARM has basic components:
An index
A margin
Adjustment Period
An interest rate cap
An initial interest rate
The Index
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