Home Improvement and Interior Design Discussion Blog

No-doc loans are another casualty of the recent mortgage meltdown. Essentially, a no-doc loan is a mortgage for borrowers who have good credit and income, but who can’t qualify using standard underwriting income rations. Originally intended for a...

Because they had a pre-approval letter from the bank, the seller decided to take a chance on them and agreed to go with no down payment if the buyers would pay any closing costs except for the seller’s title policy. The sale closed two weeks later,...

Older homeowners who have paid off their mortgages and are going into an assisted living center, moving in with family, or downsizing and don’t need their equity in a lump sum are good candidates for seller financing. You or your agent may have to...

Do you like spend your holiday at home or do you prefer go out for your holiday by visiting interesting places? If you like to go out on your holiday here is a choice for you. Do you mind if you spend your holiday in Orlando Florida? Why in Orlando...

Some important do’s are: Do keep the terms simple and make sure the monthly payment includes principal and interest, and that it pays off in a set number of years. In mortgage-speak, the loan amortizes. Do avoid balloon payments, whereby you make...