Tag Archives: Mortgages

Homeowner Bill of Rights: Your Mortgage and You

Posted on August 7, 2014 by Carlisle Mitchell

Homeowner bill of rights: Your mortgage and you – Don’t let the mortgage company push you around. Here’s what it c… ow.ly/2LmIYZ  Carlisle Mitchell Insider Tips for Real Estate Investors is a trusted and reliable source of expert investment and market … Continue reading →

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Proof of income needed for mortgage

Posted on July 17, 2014 by Carlisle Mitchell

Proof of income needed for mortgage OK – What really qualifies as proof of income when you want approval from a mo… ow.ly/2KaWxx

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5 hot housing trends you’ll see this summer

Posted on July 16, 2014 by Carlisle Mitchell

5 hot housing trends you’ll see this summer – Will rates stay low and home prices remain stable? ow.ly/2KaWxp    

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Pay Me: Citigroup to Pay Record $7 Billion After Federal Investigation

Posted on July 14, 2014 by Carlisle Mitchell

Citigroup and the Justice Department have agreed to a $7 billion deal that will settle a federal investigation into the mortgage securities the bank sold in the run-up to the financial crisis. http://ow.ly/3n8nff

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Blanket Mortgages

Posted on July 8, 2014 by Carlisle Mitchell

A blanket mortgage is a mortgage which covers two or more properties. The real estate is held as collateral on the mortgage, but each property may be sold individually without affecting the entire mortgage. This is an alternative to a … Continue reading →

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Deferred Interest Mortgages

Posted on July 7, 2014 by Carlisle Mitchell

A deferred interest mortgage is a mortgage loan that allows the borrower to make minimum payments that are less than the entire amount of interest owed. The remaining interest is added to the amount of loan to be paid off. … Continue reading →

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Due On Sale Clause

Posted on July 6, 2014 by Carlisle Mitchell

A due-on-sale clause helps protect the lender, or mortgage holder, from the risk that the ownership may be transferred to a new owner upon sale of the property. Because of the due-on-sale clause, when you sell your house you cannot … Continue reading →

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Wrap-Around Loans

Posted on July 5, 2014 by Carlisle Mitchell

A Wrap-Around Loan also known as a “Wrap” is a loan that is most commonly used with property with an outstanding loan. The seller lends the buyer the difference between the existing loan and the purchase price. The buyer’s loan … Continue reading →

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Mortgage Applications Decline for 3rd Straight Week

Posted on July 4, 2014 by Carlisle Mitchell

Applications for U.S. home mortgages dipped slightly last week as purchases declined. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 0.2 percent in the week ended … Continue reading →

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Owner Financing

Posted on July 4, 2014 by Carlisle Mitchell

Owner financing also known as “creative financing” or “seller financing” is financing the purchase directly through the owner or entity selling it. Owner financing often occurs when the prospective buyer cannot obtain funding through a conventional mortgage lender, or is … Continue reading →

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