The Christian Mortgage concept is built on the basis of Christian faith and principle. Various institutions around the world follow Christian Mortgage principles to shape their terms and conditions. According to Catholic social teaching a mortgage is the provision under which people is permitted to utilize the merchandise of the globe. It signifies that no one is bestowed with the…
Category: Mortgage
Mortgages Don T Get Pounded By Prepayment Penalties
Many people make a major mistake when applying for a mortgage. They are so relieved to get the loan that they fail to pay attention to prepayment penalties in the loan documents. Prepayment Penalties With the refinance craze of the last few years, many borrowers have been surprised to find they are locked into their loan with prepayment penalties. Boiled…
Will Your Bank Give You The Best Mortgage
Many of us tend to form a relationship with our bank even in these times of big banks. This does not mean, however, you should look to your personal bank for a mortgage. Will Your Bank Give You The Best Mortgage? It is a common misconception for people to assume that their bank will give them the best mortgage. It…
Michigan Mortgage What To Expect When Buying A Home In Michigan
Maybe you’re buying your first home in Michigan, or perhaps you’re relocating to Michigan from another state. Either way, it’s important that you educate yourself on Michigan home loans before shopping for a home and mortgage. This article explains what you’ll need to know before buying a home in Michigan: In 2005, Michigan was the only state in the nation…
Mortgage Calculators Simple But Effective
The Oxford Dictionary defines mortgage as “the method of conveyance of property as security for debt until money is repaid”. The word mortgage is a French loan word, literally meaning dead pledge, but commonly used to refer to the legal device used in securing be property. A calculator on the other hand is an electronic device used for making calculations.…
Compare Mortgage Rates For Refinancing Why Obtain Multiple Quotes
Obtaining multiple refinancing quotes will save you money and future headaches. By researching several lenders, you will find the most competitive rates. You will also be able to select a company that provides excellent terms and service for your budget priorities, saving you future hassles. Save Money With Multiple Mortgage Offers Lenders know people can find loan quotes in minutes…
New Home Purchase
New Home Purchase So the time has come for you to purchase a new home. Purchasing a new home is by far one of the largest financial transactions you will ever make in your life, so you will want to take your time and learn as much as you can about the mortgage industry. The first question that comes to…
How To Avoid Nasty Mortgage Junk Fees
So, you’ve taken an application with a mortgage broker. He has told you your monthly payment and the total amount you will need at the time of closing. How do you know the charges on the loan are fair? How do you compare this loan to others you have been offered? Check the GFE. The Good Faith Estimate (GFE) can…
California Home Mortgage Companies How Much House Can You Afford
Because of rising home prices, many homebuyers are forcibly purchasing homes they cannot afford. While many are able to handle the mortgage payments, they are unable to keep up with utilities and other household expenses. There are ways that you can avoid being “house broke.” Before applying for a home loan, it is wise to consult a mortgage professional and…
Refinancing Your Mortgage To Cut Costs
Typically home refinancing is done when you have a mortgage on your home and apply for a second loan to pay off the first one. While taking the decision to go for the home refinancing option, it is important to first determine whether the amount you save on interest balances the amount of fees payable during refinancing. More notably, in…