30 Second Answer No, you cannot get a mortgage with a failed septic. Most people are unaware that you cannot get a mortgage if your septic system fails. This is because lenders see this as a...
Category: Mortgage
An adjustable rate mortgage has the advantage of giving the borrower certainty each month in terms of their payment. An advantage of an adjustable rate mortgage is that a borrower always knows how...
30 Second Answer As a stay-at-home mom, you can get a mortgage by using the equity in your home as collateral. This is a secured loan, which means you don't need to provide any income...
30 Second Answer No, interest rate does not matter on a reverse mortgage. Reverse mortgage borrowers don't have to pay monthly mortgage payments1, so interest costs don't impact the ability to...
30 Second Answer Mortgage rates tend to fall during war or major conflicts. When a country is at war, the general public becomes more conservative with their spending. This decrease in demand...
30 Second Answer Mortgages for floating homes are typically offered with the same conditions as conventional home loans. This is because floating homes are considered permanent residences, and...
