The average rate in US home sales has dropped by a whopping 17.3% from the same month a year ago.But that hasn't stopped the number of people who are on a mortgage rising.In the US, home buyers now account for nearly half of all new home sales, up from 44% in January.The number of homes sold has also increased by a staggering 9.3%.In Australia, home sales have jumped by 8.5% from January.That's a ...
Here are the basics of the mortgage loan you should consider if you’re looking for a mortgage: How much are you willing to pay?
Are you willing and able to pay the closing costs?
Are your finances in a safe position?
What is the interest rate you’re willing to accept?
The mortgage is a contract.
If you are not comfortable signing a mortgage contract with a lender, ask a bank for help finding a loan you can afford.
Mortgage rates may vary.
Where do you live?
If you’re considering a mortgage, where are you from?
Do you have a job?
If not, where do you plan to work?
What type of mortgage are you looking for?
Are the loans serviced by lenders?
Are there any restrictions on how much you can borrow?
How much will you pay for a home?
Will you pay it off?
Are all the taxes due?
Will your home be your primary residence?
What are the minimum and maximum home loan payments?
How do you qualify for a loan?
Do the lenders require a down payment or down payment assistance?
Do they have a downpayment credit line?
Will there be a closing costs tax?
Do mortgage insurance policies cover a down Payment?
How will you be paying for a down-payment?
Are home insurance rates high?
Will the interest payments be a down payments tax?
Will it cost you more to buy?
Will mortgage insurance rates be high?
Do interest rates change during the month?
Do home insurance policies pay for insurance?
Will home insurance premiums be covered?
What happens if you don’t pay the mortgage?
Do your bank or mortgage lender have an escrow account?
Do banks have a good track record of keeping people’s accounts safe?
Are banks involved in the closing?
Can you take a bank guarantee?
Can I get a loan on my own?
Can a mortgage loan be paid off?
Do I have to pay taxes on the money?
Can they get my mortgage if I’m in arrears?
Do lenders charge a tax on the closing balance?
Do people have to get a mortgage?
Does the bank have a tax deduction?
What’s the interest rates on my mortgage?
Are credit card companies regulated?
Does anyone have a mortgage interest rate calculator?
Are they regulated?
What about mortgage loans with less than a 10% down payment?
What if I don’t qualify for my loan?
How long will it take to get your loan?
What does a closing cost tax mean?
Do we have to take a down loan?
Can we take out a loan from a bank?
Can our bank do that?
What can a bank do if we don’t get a home loan?
Are we going to have to wait for a tax refund?
Are mortgage insurance premiums tax deductible?
Does insurance cover closing costs on a down or a down payer loan?
Does mortgage insurance cover a home insurance policy?
Are mortgages subject to credit risk?
Do credit cards have an interest rate cap?
What should we look for in a mortgage borrower?
How can I find out if I qualify for financing?
What types of loan can I get?
What interest rate does a mortgage have?
What will happen if I default?
Can the lender change a mortgage if we default?
Will I be able to get financing?
Do there are any special terms that lenders apply to a mortgage that I don’st understand?
Can mortgage insurance plans cover down payments?
Do a mortgage insurance plan cover an insurance loan?
Will my credit score be affected by a downpayer loan I’m not able to afford?
What do I need to do to get an insurance claim?
What kinds of insurance are there for homeowners?
How to get the most out of your mortgage?
What makes a mortgage better than a home equity loan?
Is it worth the interest?
Does a home ownership loan reduce the risk of foreclosure?
Can home ownership loans reduce the amount of foreclosures?
Can mortgages qualify as a tax-deferred loan?
The loan you apply for may have a higher interest rate than a traditional home loan.
Is it tax-exempt?
Does it qualify for federal aid?
Is a mortgage insured by the government?
Do some mortgage loan companies have loan forgiveness programs?
Can homeowners have more than one mortgage?
Can insurance companies help pay for mortgages?
Is there a down and a tax deductible loan?
You may want to read more about tax deductions.
Is there an interest-only mortgage?
If so, are you eligible for that?
Can an interest only mortgage be paid on a mortgage or can you borrow against your home?
Does an interest loan qualify as tax-free?
Does credit counseling or financial counseling help prepare you for your mortgage loan?
Who qualifies for the interest loan?
Where can I read more?