Tag Archives: Advantages

Describe the advantages and disadvantages of three different institutions of best mortgage rates and terms?

Question by sweet: Describe the advantages and disadvantages of three different institutions of best mortgage rates and terms?
“Imagine you want to arrange a mortgage on your first house purchase. You need $ 200,000.00 Find the best rates and terms available from three different type of lenders such as a mortgage broker a major bank and a banking company such as president choice. Describe the advantages and disadvantages of each and choose the best one.”

Best answer:

Answer by Rico
It’s not that simple. First you have to decide what type of mortgage, how much you want to put for a down payment, how many points and what your long term goals are.

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Reverse Mortgage – Disadvantages and Advantages

Article by Bert Calderon

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Advantages Offered Bad Credit Mortgages

Article by Groshan Fabiola

In today’s world, lots of people who are confronted with bad credit situations face serious impediments in obtaining loans and mortgages, as they present little or no financial guarantees to banks and other similar credit institutions. Some of the most common obstacles that prevent people from being accepted in credit programs are the following: missed or late payments for loans, credit cards or store cards; defaults or CCJ’s; mortgage arrears; inappropriate conduct of bank account; repossessions and bankruptcy. Once people are faced with one or more of these problems, they are no longer considered to be eligible for obtaining loans or mortgages, losing their financial credibility towards banks and other credit-offering institutions.

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What are the advantages and disadvantages of a reverse mortgage?

Question by nils_mck: What are the advantages and disadvantages of a reverse mortgage?

Best answer:

Answer by Joe P
Advantage-Spend the cash now
Disadvantage-Lose the house when dead.

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Advantages of Mortgage Loan Calculator

Article by Samantha Taylor

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Advantages of Mortgage Loan Calculator

Article by Dwayne Colon

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Q&A: Please outline the advantages and disadvantages of a reverse mortgage? Who is it really good for?

Question by Brandon: Please outline the advantages and disadvantages of a reverse mortgage? Who is it really good for?
I could also use a layman’s definition. My grandparents are 77 and 75. They have a fixed retirement income from government pension. They have a house worth about 130k and owe about 90k on it. They have trouble getting by. Please give suggestions.

Best answer:

Answer by SDD
See http://seniorliving.about.com/od/housingoptions/a/reversemortgage.htm

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