Expert Insights: How Do Growing Equity Mortgages Work (for FHA Loans)?
Also called GEMs, these fixed-rate mortgages have monthly payments that increase in increments of 3 percent or more to reduce the principal loan amount. They are often written by the lender at a below market interest rate and have shorter terms. A GEM lets you pay off...
Expert Insights: What Is a Balloon Mortgage?
It is a mortgage in which the entire unpaid principal becomes due and payable on a given date, five, ten, or any number of years in the future. The borrower must pay up, refinance, or lose the property. Interest rates on balloon mortgages are lower than for fixed-rate...
Expert Insights: Should I Consider a ‘B’, ‘C’ or ‘D’ Paper Loan If I Have Bad Credit?
B, C and D paper loans are types of subprime loans. There was a time when they were hard to find; however, when the housing market took off, so did the number of lenders offering them. Not so today. High default rates on subprime mortgages made to high-risk borrowers...
Expert Insights: Is Equity Sharing a Good Idea?
A shared equity mortgage, or partnership mortgage, can be a good way to purchase a home with little or no money down. In such an arrangement, the borrower/homebuyer has an absentee partner who, as the investor, provides all or some of the down payment. Equity sharing...
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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