Tag Archives: Disadvantages

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

Posted on November 14, 2011 by Admin

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

Posted on July 16, 2011 by Admin

Article by Bert Calderon

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What are the advantages and disadvantages of a reverse mortgage?

Posted on June 8, 2011 by Admin

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

Posted on September 15, 2010 by Admin

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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