Mortgage Articles

Want to get your personal finances in order but you're not sure how?
Here at Mortgage Loan, we have a few tips!
Before You Refinance: Three Hard Questions to Ask
Mortgage

Before You Refinance: Three Hard Questions to Ask

Refinancing your mortgage can be a lifesaver, especially if you have an adjustable-rate mortgage that's rising. But before you rush to refinance, answer a few important questions about your situation. The following Q&A might help you avoid difficulty down the road.

David  Mully
14 years ago
Participation Loans
Mortgage

Participation Loans

Lenders and borrowers can team up with other lenders and borrowers to reduce their exposure to risk and increase their profits. These relationships, which come in many flavors, are called participation loans. At one time in life, you may have considered going in on purchasing a boat or a mountain cabin with your friends. It's certainly true that, where money's involved, there's power in numbers. Pooling investment dollars is a popular practice-one that's resulted in the advent of mutual funds, REITs and the like. Participation loans follow the same concept, only the investment at hand is a credit facility.

Kara  Johnson
14 years ago
Hard Money Loans
Mortgage

Hard Money Loans

Hard money loans are made by lenders willing to accept greater risks than mainstream mortgage companies and banks. In exchange for providing loans to borrowers who would otherwise be turned down, hard money lenders charge higher interest rates. If you need a loan, and have bad credit or other problems, a hard money loan might be your easiest and best option.

Aaron Crowe
14 years ago