I. Introduction Definition of an upside-down mortgage An upside-down mortgage is a term used to describe a situation in which a homeowner owes more on their mortgage than the current market value of their property. This can occur when the…
Since we have had a brief discussion on the recession and the meaning of the key concepts, this article focuses on the lending side, which is the mortgages, what they are and how to deal with the mortgage repayment situation…
There are many factors that can affect the housing market, including economic conditions, population growth, interest rates, and government policies. For example, a strong economy and low unemployment can increase demand for housing, which can drive up prices. On the…
Introduction: What is a revolving credit facility and how can it benefit your business? Revolving credit facilities are becoming more and more popular, as they combine the advantages of both a loan and a credit card. They offer consumers a…
Introduction: What type of brokers are there and the services they offer Typically the mortgage brokers can be divided into two main camps. First, are those that have just entered the industry and try to please everyone. The latter one…