Some people may be confused about the purpose of mortgages. They believe borrowed money isn’t good and everything they need should be acquired with what they have. However, home loans often take people off the streets and help them live…

Yes, a home equity loan can be called by the lender, requiring immediate repayment of the outstanding balance. This action can be triggered by scenarios such as default on payments, a significant drop in property value, or violation of loan…

Homebuyers paying their monthly installments on time and regularly might be a bit surprised if they receive notice about another bank now owning their loan. Do banks buy mortgages, is it common practice, and what does it mean for the…

Yes, a bank can sell your loan. This involves transferring the legal rights and obligations of your loan contract to another institution or investor. The original bank sells the right to collect payments and interest from you to another entity.…

When you take out a loan from a bank or other financial institution, you may not realize that the lender has the ability to sell that loan to another company. This transfer of ownership can happen with various types of loans, including mortgages, home equity loans, personal…

If you wish to know is mortgage tax tax-deductible, you came to the right place. We have explained all the ways you can get tax returns when owning a property.

You wish to know if escrow tax property tax? Well, you came to the right place - here you will find out all you need to know about escrow.

Does a mortgage expire? If you’re planning to buy a house soon and see a mortgage loan as the way of doing so, ensure to find out the answer.

There aren’t many exciting things about taxes, especially taxes on a mortgage, due to the financial risk this type of investment holds. One of the few enticing parts about a mortgage is lowering the tax amount owed, thanks to a…

In real estate, there are different credit accounts made for specific purposes. They give you the flexibility needed to achieve financial goals when used correctly. But for mortgages, you’re probably asking, “Is a mortgage revolving credit?” A mortgage is not…

You can obtain personal property through cash or a mortgage in real estate. While this is cheaper than buying in cash, you have to know the underlying mechanics behind it. And you’re probably sitting there asking yourself, “Is a mortgage…

Let’s face it, getting a mortgage can be a daunting process. There’s probably a time where you’ve asked yourself, “Is a mortgage note a security?” While it is a security, you’ll still have to follow the terms you’ve agreed with…

A reverse mortgage allows eligible homeowners aged 62 and older to convert part of their home equity into cash without having to sell their home or take on a new monthly mortgage payment. It can provide retirees with extra income to help supplement Social Security or meet unexpected expenses.  However, reverse mortgages also…

A mortgage is likely the largest loan you’ll ever take out in your lifetime. With so much at stake, it’s important to understand the key differences between mortgage companies and banks when choosing where to get your home loan. While…

If this is your first time buying a home, chances are you’ve taken out a voluntary lien. At this moment, you are investing in your property and placing it in collateral. You might be tempted to take out a lien,…

If you're buying a new home, one of the most common questions will be: are property taxes included in a mortgage? Here is a definitive guide with all the answers.

The process of applying and getting approved for a loan can be quite confusing, particularly if you are real estate-hunting for the first time. But understanding is a mortgage a loan agreement will help you grasp each step of the…

Most people think that purchasing the home of their dreams and taking out a mortgage go hand in hand. However, there is a type of mortgage that presents a beneficial and practical approach to home financing. Depending on the circumstances,…

Mortgage points, also known as discount points or origination fees, are fees paid to a lender to reduce the interest rate on a home loan. Whether or not these upfront fees are tax deductible depends on your specific situation. So are mortgage points tax deductible?…

In the real estate world, there is a specific lingo consisting of a variety of words and one you might have heard tossed around is an encumbrance. So,is a mortgage an encumbrance? A mortgage is an encumbrance. An encumbrance is…

Mortgages are the most common way to purchase a house nowadays. However, most people do not know whether their mortgage might be federally backed.  How do you know if your mortgage is federally backed? If you’re not sure whether or not…