Private money lenders offer financing that’s typically unavailable through traditional banks and mortgage companies. Whether you need a bridge loan or to borrow money from an income producing property, a private money lender is a great resource. You can find private money lenders for real estate and for business purpose loans. Abo Capital specializes … Read more
Self-employed home buyers can achieve the American Dream of Homeownership. Whether you operate as a limited liability company, a sole proprietor or as an independent contractor, you might qualify for a home loan. Reputable lenders offer affordable mortgage loans for self-employed home buyers. How Can I Get a Mortgage Loan if I … Read more
Mortgage calculators provide instant payment computations. If you’re buying a home or wondering how much you can save by refinancing, a mortgage calculator is the ideal financial tool. Using a mortgage calculator, you can quickly estimate the amount of your monthly loan payment. About Mortgage Calculators Lending professionals, such as mortgage … Read more
Home appraisal reports provide valuable data for real estate transactions. However, an appraiser’s overall opinion of your home might increase or decrease its value by thousands of dollars. Understanding how to increase your home’s appraised value and which things to avoid could help you obtain a more favorable valuation from a licensed appraiser. … Read more
Bridge loans are ideal for investors who’ll pledge existing assets to acquire another property. Whether you need fast access to capital or to close on a lucrative real estate deal, it’s imperative to work with an industry expert. The Mortgage Professor, Steven Abo offers an unmatched wealth of knowledge for self-employed borrowers who are … Read more
A mortgage note provides repayment terms and details about the agreement between a borrower and a lender.
Condo insurance, also known as condominium insurance or HO-6 insurance, is a type of insurance policy designed specifically for condo owners. It provides coverage for the condo unit and personal property within it, as well as liability protection. The specifics of a condo insurance While condo owners may be required by their homeowners association (HOA) … Read more
When it comes to buying or selling a home, one of the most important factors that determines its value is comparable sales. In the mortgage industry, “comparable sale” or “comp” is a term used to describe a property that is similar to the one being appraised and has recently sold. Here’s what you need to … Read more
Collateral is a key concept in mortgage lending When you apply for a mortgage, you’ll likely come across the term “collateral.” In the context of a mortgage, collateral refers to the property that you are purchasing with the loan. The lender uses the property as security for the loan, which means that if you default … Read more
A co-borrower, also known as a co-applicant A co-borrower, also known as a co-applicant or joint applicant, is an individual who applies for a mortgage loan with another person, sharing the responsibility of repaying the loan. This type of arrangement is common among married couples, but can also apply to other types of relationships, such … Read more