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Just because you can get a mortgage doesn’t mean you can get private mortgage insurance. Obtaining PMI has become a serious new hurdle for borrowers who don’t have enough cash for a 20% down payment and can’t get a home loan without it. During the binge of reckless lending that led to the mortgage crisis, [...]
An unsecured loan is a loan that is not backed by collateral. Also known as a signature loan or personal loan. Unsecured loans are based solely upon the borrower’s credit rating. As a result, they are often much more difficult to get than a secured loan, which also factors in the borrower’s income. An unsecured [...]
Mortgage calculators are used to help a current or potential real estate owner determine how much they can afford to borrow to purchase a piece of real estate. Mortgage calculators can also be used to compare the costs or real interest rates between several different loans, determine the impact on the length of the mortgage [...]