Expert Insights: What Is Amortization and Negative Amortization?
When you amortize a loan you basically pay off the principal by making regular installment payments. This typically takes place gradually over several years. Negative amortization is when the mortgage payment is smaller than the interest that is due, which causes the...
Expert Insights: What Is Private Mortgage Insurance?
Also referred to as PMI, it is insurance you pay to protect the lender in case you default on the home loan. It is required when borrowers put down less than 20% of the purchase price. Usually, a small fee is paid at the outset and a percentage of the face amount of...
Expert Insights: What About Equity?
It is the cash value of your property over and above what is owed on it, including mortgages, liens, and judgments. The amount of equity almost always grows in a home over the years, but it follows along with the economic times and cycle. Generally speaking, you can...
Expert Insights: What Is a Loan-to-Value Ratio?
The loan-to-value ratio, or LTV, is the loan amount expressed as a percent of either the purchase price or the appraised value of the property. It is an important factor considered by lenders before approving a mortgage. Lenders generally prefer a down payment of 20%,...
Strategies to Boost Your Content’s Visibility
What’s the point of having a social media game plan if your content isn’t getting in front of the right people? Here are a few ways to improve your brand’s visibility and reach on social media.
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