Are Mortgages Compound Interest? REVIEWED BY JAMES GHEEN | PUBLISHED ON SEP. 28, 2019 | 7 MIN READ The interest involved in a mortgage is calculated based on the mortgage’s amount as a percentage. If you have an adjustable-rate mortgage, the interest you would pay can...
What is a Jumbo Loan? REVIEWED BY JAMES GHEEN | PUBLISHED ON SEP 3, 2019 | 8 MIN READ When you are purchasing expensive real estate property, e.g. an apartment, you may find that the number of funds to be borrowed will exceed the limit for a conforming loan which is...
What is Mortgage Interest? REVIEWED BY JAMES GHEEN | PUBLISHED ON AUG 30, 2019 | 8 MIN READ Mortgage interest is the reimbursement a borrower pays to his lender for the money used to purchase a property. This is the percentage that is charged on a mortgage loan that...
What does an underwriter do? REVIEWED BY JAMES GHEEN | PUBLISHED ON AUG 29, 2019 | 8 MIN READ We usually hear about underwriting as a profession when we talk about insurance. But underwriters are not just found in the insurance industry. They also engage in mortgage...
How Do Mortgage Brokers Get Paid? REVIEWED BY JAMES GHEEN | PUBLISHED ON AUG 29, 2019 | 8 MIN READ Mortgage brokers are known to make quite a bit of money when they can satisfy their clients. The best part of this job is that mortgage brokers are independent. This...
What are Debt Ratios? REVIEWED BY JAMES GHEEN | PUBLISHED ON AUG 28, 2019 | 8 MIN READ Lenders want to reduce risk as much as possible. One of the methods they use to demonstrate that an applicant is good to lend to is through the debt ratio formula. In this article...
