In the USA the mortgage industry is huge and also developed, and it offers a wide range of mortgage solutions with many repayment options. The most active mortgage industry worldwide is found in The United States of America. Here, both individuals as well as organizational mortgage providers can provide mortgage services, with other kinds of mortgage brokers that work as both.
The many players involved, the fierce competition and the c (more…)
Just imagine as you’re going through your favourite coffee drive-thru this week that a well-dressed gentleman stops and offers you $11,000 for your medium double double. Who would hesitate? We’d take the cash. It’s not so far-fetched. In fact, if you take that coffee budget and apply it to your monthly mortgage payment a mere $30 extra per month -you could save yourself about $11,000 over the life of your mortgage.
Most of us can ac (more…)
With the onset of 2008 we have seen mortgage interest rates begin to fall. When mortgage rates fall, misleading mortgage advertising schemes seem to show up in the media all around us. For example, I recently watched an advertisement on Television for “The Real No Cost Mortgage”. I shudder each time I see or hear advertising about this type of mortgage because it is misleading and deceptive. The sadness in this for me as a 12 year mortgage b (more…)