Mortgage Loans Archives ⋆ Page 16 Of 24 ⋆ Boston Condos For Sale Ford Realty

Okay, it’s semantics

You’ll notice that whenever I talk about mortgages, I actually say “mortgage loans”. That’s because, if you buy a home and you borrow the money, you’re not paying your “mortgage”, you’re paying your “mortgage...

No closing cost mortgage loan available through Bank of America

mortgage loans

This sounds like a really good deal. If you’re shopping for a mortgage loan, I would definitely check this out. [L]ooking to further grow its mortgage business and expand its traditional retail banking operation, Bank of America Corp. is doing away with the...

What loan should you take out?

mortgage loans

Should you pay PMI or get a piggy-back loan? What do I mean? Well, suppose you only want to (or have to) put 5% down at closing on your new home purchase. You have two options. The first is to take out one loan for the 95% you are borrowing. If you do this, your...

The scam artist and the mortgage loan industry

mortgage loans, subprime lending crisis

I’ve yet to hear of any widespread loan fraud in Massachusetts, even as the subprime mortgage loan crisis threatens our economy. Mostly, it seems as though the typical borrower took out a mortgage loan that ended up resetting to a rate that he or she could no...

What’s the best loan for you?

mortgage loans

I think most people would want to take out a fixed-rate mortgage loan, these days. However, you might think an adjustable-rate mortgage loan might work for you, depending on the length of time you’ll be owning. And, if you’re putting down less than 20%,...

Your mortgage loan broker may lie to you, FYI

mortgage loans

For once, I’d love to read a story about mortgage loans that actually makes you feel sorry for the people it talks about. This is not one of those stories: WHEN Gregory and Paula Sherman wanted to refinance the mortgage on their ranch-style home in Chattaroy,...