Mortgage Plain-talk: What’s the Difference Between "amortization" and "term"?

Filed Under (Mortgage) by admin on 19-10-2009

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There are many stresses associated with home buying – both financial and emotional. And frankly speaking, it doesn’t help that the process comes with its very own foreign language. While your mortgage broker can help de-mystify these terms, it helps to have a bit of a primer on what some of these terms mean. After all, it’s your money and your home we’re talking about; as a Mortgagor, you have a right to understand what you’re reading. (You di Read the rest of this entry »

Home Insurance Is A Must Have

Filed Under (Home Insurance) by admin on 03-06-2009

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Buying a home is generally considered a great investment. However, a surprising number of people fail to take actions to protect their investment. Any number of misfortunes can befall a home at great cost to the owners. A simple way to avoid excessive payment for damages is purchasing home insurance.

Home insurance is not required for homeowners unless there is a mortgage involved. However, most people opt to purchase home insurance Read the rest of this entry »