What does reamoritization of a mortgage loan mean?

Answer Reamortization occurs when a lender refigures a borrower's monthly mortgage payment. For borrowers with adjustable-rate mortgages, reamortization must occur alongside interest rate increases in ord... Read More »

Top Q&A For: What does reamoritization of a mortgage loan mean

Is it better to get a shorter loan mortgage term or prepay on a longer loan?

On One Hand: Short Tem Mortgages Tie Your Hands.A short term mortgage forces you to spend more money on your house payment than you would under a longer term loan. This means that there is less mon... Read More »

Is it Better to Get a Shorter Loan Mortgage Term or Pre-Pay on a Longer Loan?

There are many benefits to listed job descriptions. It makes it easier to fill the position and gives employees a clear description of what they would do on a day to day basis if hired. However, th... Read More »

Can I Get a Mortgage Loan Plus a Loan to Fix the House?

When you purchase a fixer-upper, you will need to have money to buy the home and cover costs of improvements. Many lenders will ask you to take two separate loans, a mortgage and a home equity loan... Read More »

What is a VA mortgage loan?

A home loan guaranty program is offered to veterans by the Department of Veterans Affairs as an additional benefit of their military service.EligibilityVeterans of active duty service are eligible ... Read More »