Tag Archives: lenders

The Inside Scoop On Interest-Only Loans

The Inside Scoop On Interest-Only Loans

Are They Good Or Bad For Borrowers? Interest-only loans are designed to make the first years of mortgage payment easier on the borrower. For example, in a 30-year interest-only loan, the borrower might pay only the interest for the first ten years and then convert to paying principal for the last twenty. The loan would

Qualifying For A Mortgage Can Be Easier Than You Think

Qualifying For A Mortgage Can Be Easier Than You Think

Is The Journey To Homeownership Attainable? Unfortunately, fear is instilled in the minds of many when it comes to qualifying for a mortgage. A large majority of individuals who would love to make a home purchase choose to halt their dream due to fears that qualifying for a mortgage is impossible. However, with credit score