A biweekly mortgage is considered to be one of the most cost-effective mortgages by homeowners around the globe. If you think you can opt for a plan that gives you two chances to pay your mortgage every month, here are 8 facts to further guide you to make an informed decision.

When you hit a financial crisis, it might be difficult for you to keep up with your mortgage payments. But you just need to remember that the market fluctuates often, which means there’s always hope that rates may go lower.

Everybody dreams of having a property that they can call their own. Especially, when it comes to owning a home. Fortunately, we have woven the threads of our society with lots of facilities for people requiring financial support.

Mortgages seem like an easy way to purchase a home, but there’s a list of qualifications you need to meet to get an approval. These qualifications include a good credit score, a sufficient down payment, as well as the payment of interests.

A no-ratio mortgage or debt-to-income mortgage is a unique type of an arrangement made between a borrower and an issuer. There is high risk involved for both the parties. It is apt for those people who do not want to reveal their documents or income to the public.

If an existing mortgage is transferred from the current holder (lender or borrower) to another person, the transaction is called transfer of mortgage. This is usually used by homeowners when they are unable to make repayments and want to avoid foreclosure.

Before applying for a mortgage, you will find that you have a lot of options in the market. Among these options, you will find mortgages in two major categories: 15-year mortgage and 30-year mortgage.

Financing your dream home requires quite a lot of courage and a big investment. So it is important to cut down as many expenses as possible. While mortgage lenders know how to reduce costs, they’ll obviously never tell you.

Reverse mortgages are a lifesaver when it comes to property loans. It is one of the few options that are at your disposal after retirement. However, it is not a perfect system of financial arrangement.

Retiring with a mortgage does not only add up to your worries but also gives you a sense of guilt. Your working years are the only ones where you can enjoy because it is the only time when you can support yourself financially.

Paying off a mortgage is the biggest relief one can ever get. It is like being reborn and living a new life. A life without any stress or guilt. Since it is difficult to decide which way to go after living a controlled lifestyle for so many years, you need to take professional help from an expert who can tell you exactly what to do.

Mortgage Lens is a highly-effective tool designed for making analysis related to mortgage easier for anyone and everyone to understand. It helps in generating reports on mortgages in the most convenient and interactive manner.