Calculating your mortgage online Mortgage calculators are very useful when it comes to giving you a good idea about your mortgage loan. With these calculators you can analyze your loan options depending on your finances as well as a few other factors. When you are looking for mortgage in order to be able to buy a new house, you can make use of a mortgage calculator. If you … [Read more...]
What is an Equity Loan?
Equity Loan Equity loans are made available to homeowners who have a low loan balance to value ratio in their home and desire to utilize this ratio to receive cash. This funding program is tax free because the money derived from equity is not considered income, as the homeowner has received that amount by paying down the mortgage. An equity loan can be dispersed in one lump … [Read more...]
What is the VA Home Loan Guaranty?
A VA home loan is a loan in which the VA makes a guaranty of the payment to the lender of up to 25% of the value of the purchased home. This allows the lending institution to have a certain amount of security in the repayment of the loan, and it allows the buyer to purchase the home with no money down. This service can save the homeowner as much as 20% of the purchase price … [Read more...]