Mortgage Articles

• Who pays closing...? - Closing costs are not always paid by the buyer. Although some sellers try to make these costs a part of the buyers out of pocket expenses, these fees are actually negotiable. Make sure you include your terms in your offer.        more...

• Seller financing - A seller who considers financing the whole or part of the deal is usually called a "motivated seller". This is actually very common. You may have seen various infomercials promoting a "buy real estate with no money down" course. While criticized by many......   more...
  
• Mortgage lenders - You may decide to buy a house for the first time, and for that purpose looking for a right mortgage, that shall provide you with low interest rates. ......   more...

• Discounted notes - Whenever someone gets a mortgage loan a "note" is created. A note is nothing more than a piece of paper that states how much you borrowed, at what percentage rate, how...     more...

• Balloon payments - A balloon payment is sometimes placed into a contract for deed or a traditional financing mortgage. Balloon payments are not preferred because it tends to be a large...      more...

• Lease option - Lease with option is basically a modified rental agreement. It includes an "option" to buy at the end of the lease term.     more...

• Interest rates - Interest rates are always fluctuating. Lately they have gone down then increased and this has happened over and over.     more...

• Buyers market - A buyers market is when you only have 1 buyer per property rather than a sellers market where a seller can recieve multiple offers.     more...

• Sellers market - Sellers markets are not uncommon in large cities such as Los Angeles, Chicago, & New York. A sellers market is when...     more...

• Wanted clauses - A home inspection clause is a must have. If you were to sign a contract without this clause and you found out later...     more...

• Asset or Liability? - When you are growing up you are tought to go to school, get an education, and get a good job. Make sure you have...     more...

• Flipping 101 - Flipping is the art of buying wholesale properties, fixing them up (rehabbing), and selling them for a profit.  more...

• Mortgage Fraud - Mortgage fraud comes in all forms. One that is common is when a seller is desperate and sells via the contract for deed...     more...