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Mortgage Hub Mortgage Information

What Is A Mortgage

The Definition Of A Mortgage A mortgage is related to money that is lent to a borrower to purchase a property that is residential or commercial.  The money is borrowed from banks, pension funds, insurance providers, trusts, or credit unions. There are also others besides commercial lenders such as private individuals who also loan money for a mortgage.  Each month, the borrower must pay back the principal installment along with interest.  The lender has a lien against the property so this acts as security to ensure repayment. Once the mortgage is paid in full, the borrower owns the property eliminating the lender’s lien. If the mortgage loan is not repaid by the borrower, the lender has the right to repossess the property. Find a cheap mortgage here. Read More Here

About Homeowners Insurance Coverage

Why you need Homeowners Insurance After putting all your money into buying a home, you need to protect your most valued possession.  This is why you need home insurance coverage and need to buy a policy. It’s not easy getting a home insurance policy, especially with the number of companies you’ll find that offer this type of coverage. They’re all competing for your business and offer various packages with many options to pull you in. You need to know what the options are and the different types of policies exist. You’ll see this when you’re shopping for the best policy coverage for you at the best possible price.  Some options may not be needed and some are.  You’re needs will determine the cost. Find cheap home insurance here. Read More Here

Tips To Get The Best Mortgage Part 1

One of the worst mistakes that new home buyers make is that they work with an agent who is referred by their realtor or home builder.  Even if they work closely with the provider or have been working with the agent for a long time, don’t fall for it.  Personal affiliation like going out for a beer or doing activities together on weekends doesn’t qualify for a mortgage referral. You make the selection since you will be paying the loan back. Read More Here

Tips To Get The Best Mortgage Part 2

One of the worst mistakes that new home buyers make is that they work with an agent who is referred by their realtor or home builder.  Even if they work closely with the provider or have been working with the agent for a long time, don’t fall for it.  Personal affiliation like going out for a beer or doing activities together on weekends doesn’t qualify for a mortgage referral. You make the selection since you will be paying the loan back. Read More Here

Newsworthy

U.S. multifamily mortgages grew at fastest pace since 1993

Mortgages are at an all time high. Read what CNBC has to say … The amount of outstanding U.S. mortgages for multifamily homes rose to $1.06 trillion in 2015, up 10.4 percent from a year earlier, which was its fastest annual pace since 1993, a U.S. industry group said on Monday. The rise in multifamily loans helped propel the growth in commercial real estate mortgages by the largest amount since 2007, the Mortgage Bankers Association said. Millennials are increasingly buying in the suburbs. Guess who's moving to the 'burbs? Millennials Last year's pickup in commercial lending coincided with the resilience in the single-family housing market in a steady U.S. economy. Home resales jumped by a record of nearly 15 percent at an annual pace of 5.47 million units in 2015, while housing starts average over 1.11 million units last year, the highest since 2007. How long this will continue no one knows, Many people say we are in a realestae bubble. From CNBC.com

Upgrade Your Home, Insurance Policy Before Spring Storms Hit

Mother Nature can be a fickle woman and you need to protect your home from a variety of possible disasters. Here’s Kiplinger’s take on upgrading your home insurance. Mother Nature's forces of wind, water and hail account for more than half of all homeowners insurance losses.  Standard homeowners and renters policies cover the damage wreaked by wind, hail, falling water or wind-driven rain, but not from rising water from any source, including a sewer or drain backup or sump-pump failure. The cost can be substantial: Mother Nature's forces of wind, water and hail accounted for more than half of all homeowners insurance losses between 2009 and 2013, with an average claim amount of $7,610, according to the Insurance Information Institute.   If you live in a federally designated flood zone, or if your house could be flooded by melting snow, an overflowing creek, or water or mud running down a steep hill, you can buy flood insurance from the National Flood Insurance Program (www.floodsmart.gov) by calling your insurance agent i The program covers homes for up to $250,000 of the cost to rebuild and insures contents for up to $100,000. The average premium is $700 per year, but rates depend on a home’s features and location. As the old saying goes, better sage than sorry. From Kiplinger.com
© Mortgage Hub, All Rights Reserved
Mortgage Hub Mortgage Information

What Is A Mortgage

The Definition Of A Mortgage A mortgage is related to money that is lent to a borrower to purchase a property that is residential or commercial.  The money is borrowed from banks, pension funds, insurance providers, trusts, or credit unions. There are also others besides commercial lenders such as private individuals who also loan money for a mortgage.  Each month, the borrower must pay back the principal installment along with interest.  The lender has a lien against the property so this acts as security to ensure repayment. Once the mortgage is paid in full, the borrower owns the property eliminating the lender’s lien. If the mortgage loan is not repaid by the borrower, the lender has the right to repossess the property. Find a cheap mortgage here. Read More Here

About Homeowners Insurance

Coverage

Why you need Homeowners Insurance After putting all your money into buying a home, you need to protect your most valued possession.  This is why you need home insurance coverage and need to buy a policy. It’s not easy getting a home insurance policy, especially with the number of companies you’ll find that offer this type of coverage. They’re all competing for your business and offer various packages with many options to pull you in. You need to know what the options are and the different types of policies exist. You’ll see this when you’re shopping for the best policy coverage for you at the best possible price.  Some options may not be needed and some are.  You’re needs will determine the cost. Find cheap home insurance here. Read More Here

Tips To Get The Best Mortgage Part 1

One of the worst mistakes that new home buyers make is that they work with an agent who is referred by their realtor or home builder.  Even if they work closely with the provider or have been working with the agent for a long time, don’t fall for it.  Personal affiliation like going out for a beer or doing activities together on weekends doesn’t qualify for a mortgage referral. You make the selection since you will be paying the loan back. Read More Here

Tips To Get The Best Mortgage Part 2

One of the worst mistakes that new home buyers make is that they work with an agent who is referred by their realtor or home builder.  Even if they work closely with the provider or have been working with the agent for a long time, don’t fall for it.  Personal affiliation like going out for a beer or doing activities together on weekends doesn’t qualify for a mortgage referral. You make the selection since you will be paying the loan back. Read More Here

Newsworthy

U.S. multifamily mortgages grew at

fastest pace since 1993

Mortgages are at an all time high. Read what CNBC has to say … The amount of outstanding U.S. mortgages for multifamily homes rose to $1.06 trillion in 2015, up 10.4 percent from a year earlier, which was its fastest annual pace since 1993, a U.S. industry group said on Monday. The rise in multifamily loans helped propel the growth in commercial real estate mortgages by the largest amount since 2007, the Mortgage Bankers Association said. Millennials are increasingly buying in the suburbs. Guess who's moving to the 'burbs? Millennials Last year's pickup in commercial lending coincided with the resilience in the single-family housing market in a steady U.S. economy. Home resales jumped by a record of nearly 15 percent at an annual pace of 5.47 million units in 2015, while housing starts average over 1.11 million units last year, the highest since 2007. How long this will continue no one knows, Many people say we are in a realestae bubble. From CNBC.com

Upgrade Your Home, Insurance

Policy Before Spring Storms Hit

Mother Nature can be a fickle woman and you need to protect your home from a variety of possible disasters. Here’s Kiplinger’s take on upgrading your home insurance. Mother Nature's forces of wind, water and hail account for more than half of all homeowners insurance losses.  Standard homeowners and renters policies cover the damage wreaked by wind, hail, falling water or wind-driven rain, but not from rising water from any source, including a sewer or drain backup or sump- pump failure. The cost can be substantial: Mother Nature's forces of wind, water and hail accounted for more than half of all homeowners insurance losses between 2009 and 2013, with an average claim amount of $7,610, according to the Insurance Information Institute.   If you live in a federally designated flood zone, or if your house could be flooded by melting snow, an overflowing creek, or water or mud running down a steep hill, you can buy flood insurance from the National Flood Insurance Program (www.floodsmart.gov) by calling your insurance agent i The program covers homes for up to $250,000 of the cost to rebuild and insures contents for up to $100,000. The average premium is $700 per year, but rates depend on a home’s features and location. As the old saying goes, better sage than sorry. From Kiplinger.com