Are Mortgages Compound Interest?

Are Mortgages Compound Interest?

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...
All About Mortgages: What is a Jumbo Loan?

All About Mortgages: What is a Jumbo Loan?

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...
All About Mortgages: What is Mortgage Interest?

All About Mortgages: What is Mortgage Interest?

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...
All About Mortgages: What Does an Underwriter Do?

All About Mortgages: What Does an Underwriter Do?

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...
All About Mortgages: What are Debt Ratios?

All About Mortgages: What are Debt Ratios?

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...
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