Rights of a Mortgagor! The transfer of Property Act confers certain rights to a mortgagor. The mortgagor has these rights after payment of the mortgage money to the mortgagee. A mortgagee should deliver the mortgage deed and all documents relating to the mortgaged property which are in his possession to the mortgagor. In case the mortgagee is in possession of…
Tag: Mortgage
Pmi Private Mortgage Insurance
Many a first-time homebuyer has grumbled about paying private mortgage insurance. This article discusses the particulars of private mortgage insurance, also known as “PMI.” Private Mortgage Insurance Unless they owners are insane, every business in the United States carries some form of insurance to protect against losses. The various lending institutions that issue home loans, equity lines and refinances to…
Mortgage Loan Understanding Fico Scores
Apply for a mortgage loan and you’ll soon become familiar with FICO scores. Here’s a primer on the infamous FICO scoring process. FICO scores are merely a mathematical representation of your credit record. Credit records are simply a recording of your debts and assets. Credit card balances, for instance, are a debt that appears on your credit record, as do…
Mortgage Plan To Avoid Foreclosure Pain
The U.S Treasury Department is going to come up with a plan that will save all homeowners who are struggling from the foreclosure syndrome. The Department will work out this plan with the collaboration of mortgage industry leaders. But the analysts have something else to say. They think that this plan cannot help the banks to survive from the pain…
Types Of Mortgages Available
Types of Loans What types of loans are available to me? There are many different types of mortgage offered to consumers. Some of the most popular mortgage broker are the FHA Home Loan (Federal Housing Administration) and the VA Loan . Because the FHA mortgage and VA mortgage are guaranteed by the government, borrowers are able to make a smaller…
Uk Mortgage Payment Protection Insurance Explained In Simple Terms
UK mortgage payment protection insurance isn’t the easiest of products to work out for yourself and unless you know the ins and outs of mortgage payment protection insurance then you could find yourself holding a policy that you wouldn’t be able to claim against in your time of need. UK mortgage payment protection insurance is taken out to ensure that…
Private Mortgage Insurance Your Rights And Responsibilities
An often overlooked cost of buying a new home is private mortgage insurance, usually simply called PMI. The basic idea behind PMI is simple. When a home buyer buys a house with less than 20% of the home’s value as a down payment, the mortgage lender assumes a larger risk. In most cases, the lender will require that the buyer…
How To Shop For The Best Utah Mortgage Refinance Rate After Bankruptcy
Anytime you are looking to spend a large amount of money on something, it is a good idea to shop around for the best price. The same theory holds true when shopping for a Utah mortgage refinance after bankruptcy. On average, it costs Utah borrowers $2,913 to close on a mortgage loan. Given the price you will pay for your…
Reasons To Refinance When Rates Are Moving Up
Interest rates have enjoyed record lows during the last few years allowing many people to refinance and enjoy lower mortgage payments. Now, interest rates are moving in the other direction. The average 30 year fixed rate, according to mortgage giant, Freddie Mac, was 6.31% last week. Still, during this same period, refinancing accounted for 43.6% of mortgage applications. Why would…
Mortgage Refinance Loans
Within recent decades mortgage loans have become an everyday occurrence, spreading over all the groups of the society. The necessity and importance of mortgage loans are doubtless, therefore everyone who wants to take advantage of mortgage should gain a complete understanding of its types, relevant terminology, benefits and such options as mortgage refinance. Choosing a certain type of mortgage it…