lending: How To Pick a Good Lender - 01/17/07 06:23 PM
When choosing a lender, whether you are buying or refinancing, the initial impulse for many people is to look for the lowest interest rate possible. Yes, the interest rate is very important, but the truth is that lenders these days offer very similar rates, so other factors may be even more (2 comments)
lending: Q: What’s a no-doc loan? - 12/16/06 08:53 PM
A: No-doc(ument) loan is a type of mortgage where the borrower is not required to provide proof of income.It is often used by the self-employed and people who have difficulty proving how much money they make (get paid in cash, do freelance work, new to the country, etc.). The approval process (1 comments)
lending: Q: What’s the difference between a mortgage and a home equity loan? - 12/16/06 08:42 PM
A: When you buy a home, the loan that you get will be the first mortgage. After you've built some equity, you may decide to tap into it by taking out a home equity loan. This loan is the second mortgage and it is separate from the original, first mortgage (which (0 comments)