Mortgage Archives - Page 2 of 11

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May

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Mortgage Lender, Mortgage, Renting

Don’t Let a Renter Assume Your Mortgage Payment as a Landlord

When it comes to a property that's been financed with a mortgage, homeowners can experience the need or desire to live elsewhere from time to time. Renting may be considered as a way to recover some of their costs when they are not using their home. In some cases, homeowners - when acting as landlords - may also consider that it's more efficient to have the tenant pay their monthly mortgage payment directly to a lender. After all, the money is just being received and turned over in another check to the lender anyway. It may seem like a logical…

Financing Your Solar Roof

Going solar can make life sunnier for some homeowners. In addition to reducing energy dependence by "borrowing" energy directly from the sun, purchasers may also enjoy a 30 percent federal Solar Investment Tax Credit and other incentives, according to SEIA. Solar roofing can boost a home's equity in some cases, while making it more attractive to future buyers in sun-drenched parts of the country. Best of all, financing that solar roof may be a more attainable goal than homeowners think. Leasing vs. Owning Perhaps the first question a green-minded homeowner should consider is whether to own solar roofing or lease it.…

Understanding the Basic Interest Rates Difference Between Fixed and Variable

Home loans are available in an assortment of lending packages, but the big difference that consumers need to pay attention to at a minimum is how the interest charge is calculated. Interest is the margin that represents the profit and risk offset for a lender financing a consumer's home purchase. With loans lasting over 30 to 40 years now, the amount of money that can be made can be two or three times the purchase value of the home involved. So it's calculation method is important for the borrower. A Fixed Rate A fixed rated is one where the home…