Category: Mortgage

What Is Identity Theft

Remember back in grade school when you’d walk into the room and your heart would sink because one of your classmates was wearing the same shirt as you?  Your identity was compromised and for some strange reason it gave you…

What Is A Reverse Mortgage?

If you have asked yourself what is a reverse mortgage at any point in time you are probably an elderly person needing some income or a young buck in the mortgage industry. Definition of a Reverse Mortgage: A reverse mortgage…

How to Pay Off a Mortgage Quickly

When you take out a 30-year mortgage, do you really anticipate staying in that house for the full 30 years and paying the mortgage for that long?  Odds are your plans are to live there for a few years and…

What Is Mortgage Insurance and Do I Need Mortgage Insurance?

The Definition of Mortgage Insurance Mortgage Insurance (also known as mortgage guarantee and home-loan insurance) is an insurance policy which compensates lenders or investors for losses due to the default of a mortgage loan. Mortgage insurance can be either public or…