What is a Mortgage?
A mortgage is a loan that provides finance for the purchase or refinancing of a home. The terms of the loan are usually fixed for a set period of time. Read More
The Federal Reserve Act: Creation of the Federal Reserve System
The Federal Reserve System, more commonly referred to as ‘The Federal Reserve’ and ‘The Fed’ has an interesting history dating back to the early 1900’s. Read More
What is a Zombie Foreclosure?
When a homeowner receives a notice of foreclosure, it’s not unusual to pack up and move out as quickly as possible. That hasty decision may not be wise however, because many unforeseen complications can occur Read More
What Exactly Is A Mortgage?
Mortgages are thought to be home loans used to finance the purchase of a home. The word mortgage has become a generic term used to refer to a loan secured by real property because most mortgages occur as a condition for new loan money. Read More
Looser Mortgage Requirements Entice Home Buyers
After the housing bubble went “pop” in 2007, it became a lot tougher for the average home buyer to qualify for a mortgage. Read More
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