breaking down terms used in financing documents

breaking down terms used in financing documents

2021

24 February 2021

3 Things to Know About Mortgage Pre-Approvals

If you've never bought a home before, you are likely well aware of all there is to learn about the home buying process. This extends to how you are going to secure a loan to purchase your home, which can be handled by a mortgage broker to make things easier for you. While your broker will handle all of the work involved with finding you a lender, there are still a few things that you need to know about the mortgage pre-approval.
22 January 2021

3 Things To Know About Borrowing Money To Buy Rental Properties

When you buy a house to live in, you can apply for a mortgage loan to purchase the property. Lenders offer mortgages for residences that people live in, and these are easier to get than other loan types. If you want to borrow money to buy a rental property, you might face more challenges with getting a loan. Here are several vital things to know about borrowing money to purchase rental properties.

About Me

breaking down terms used in financing documents

I get all kinds of loan offers in my mail and email, so it made me wonder if those offers were too good to be true. At the top of every offer, I saw the words "low interest" or "no payments for six months" and it made me think about how I could use the extra cash right now to do this or that. I decided to take action and learn about what all of the complicated phrases in the financing documents meant. If you share my confusion, visit my blog. There, you will find a break down of the different terms used in financing documents that could cause you to make a poor decision on the offers you accept.

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2021 breaking down terms used in financing documents