Blog tagged as Refinancing

What is a Debt Consolidation Mortgage

What is a Debt Consolidation Mortgage

By Mortgages Foundations

High-interest debt from credit cards or loans can make it hard to efficiently manage your finances and can lead to falling behind on payments; even minimum payments can be tough to make when debt gets out of control. If you have the equity available in your home, a debt consolidation mortgage m...

12.11.24 06:25 PM - Comment(s)
Private Mortgages Explained

Private Mortgages Explained

By Mortgages Foundations

Today, I am going to discuss private mortgages, the difference between the types of private mortgage lenders, as well as explain some common uses and risks of a private mortgage.

First, it is important to note that a private mortgage is not for everyone, and your Mortgage Broker should exhaust all o...

03.10.24 06:27 PM - Comment(s)
What is an Alternative Lender?

What is an Alternative Lender?

By Mortgages Foundations

So, you're curious about alternative mortgage lenders, huh? Well, you've come to the right place! Let's dive right into it and explore what exactly an alternative mortgage lender is. When we think about getting a mortgage, the first thing that usually comes to mind is heading straight to a tradition...

15.08.24 01:19 PM - Comment(s)
What is a Home Equity Line of Credit (HELOC)

What is a Home Equity Line of Credit (HELOC)

By Mortgages Foundations

A Home Equity Line of Credit, or HELOC, as it is commonly referred to is a method of tapping into your home's equity, much like a mortgage refinance or 2nd mortgage; except there are some key differences between them.

A HELOC is a type of mortgage that is still secured by the property; however works ...

18.07.24 02:02 PM - Comment(s)
Appraisals

Appraisals

By Mortgages Foundations

An appraisal plays a crucial role when it comes to securing a mortgage. It provides lenders with an assessment of the value of a property, which helps them determine how much they are willing to lend to a borrower. In simple terms, an appraisal is a professional opinion on the market value of a home...

10.06.24 02:21 PM - Comment(s)