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Tag Archive | "mortgage news"

Simple Interest Mortgages Vs Regular Mortgages

The fundamental difference between a simple interest mortgage and regular mortgage is in the way the interest is calculated. With a regular mortgage, interest is accrued monthly, while with a simple interest mortgage it is daily. When interest is accrued daily, you could end up paying more that were it calculated on a monthly basis […]

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Home Improvement with Energy Efficiency Tax Credits

Most forms of home improvement will increase your equity. Energy efficiency tax credits enable you to do this and save on tax. Any qualifying energy efficiency improvements you made to your home in 2013 can be claimed in your 2014 tax return for 2013. Here is how this can be done, and what improvements are […]

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Should You Lease or Buy a Car: Ownership or Rental?

Whether you should lease or buy a car depends on both the car and you!  Owning your car might seem the right thing to do, but is it the most economical solution to car ‘ownership?’ For many it is not, and we are not discussing corporate here, but personal use – whether or not you […]

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What is an FHA Loan: VA and FHA Mortgage Insurance

What is an FHA loan? The quick answer is that an FHA loan that is backed by the FHA. VA and FHA mortgage insurance protects lenders against non-payment of a loan by the borrower. Although the terminology can be confusing, FHA loans, mortgages and insurances are all the same thing, insurance policies. The same is […]

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Mortgage Questions: Prepaid Interest and Escrow Accounts

This mortgage questions post will cover the topics of prepayment. Several questions we have received have related to the topics of prepaid interest and also escrow accounts. Many find it difficult to understand the concept of ‘escrow’ in general. We shall try to make that clearer here. First, however, the question of prepaid interest. Mortgage […]

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The Best Shutters: Some Tips on Choosing Shutters

The best shutters are those that combine functionality, endurance and design, but what came first – the window or the shutter? It’s a good question, although it must be the window, otherwise why invent shutters? However, much depends on your definition of a window, because shutters were originally used to cover up ventilation holes in […]

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Fed Reserve Basics: What is the Federal Reserve?

The question ‘What is the Federal Reserve?’ has been asked countless times by countless news watchers and home owners that are trying to understand how the FED affects mortgage rates and finance in general.  Known as the Fed, this body is the independent central bank of the United States. So why all the uncertainty? Most […]

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Mortgage Questions: Mortgage Terminology Explained

The mortgage questions we are asked are often based upon mortgage terminology. Some terminology is difficult to understand. We will start with some that relate to simple terms that are often misunderstood, and then progress to those that can really be confusing. Mortgage Questions: What is Preapproval? When you are looking for a new home, […]

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Mortgage Escrow: What are Escrow Services for Mortgages?

Mortgage escrow is a term used when money is placed into a third party account for further use with a second party. It cannot be used either by the payer or the recipient until certain conditions have been met. The third party will then release the funds as directed. Such services are generally operated by […]

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Property Investment: Real Estate Investment in Your Portfolio

Property investment can be volatile, so should real estate investment be a component of your portfolio?  The problems of the sub-prime mortgage fiasco have never really disappeared, and we still hear of foreclosures, short sales, opportunities and lost dreams – so does real estate offer good investment potential or not? Here are some pros and […]

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