A private mortgage is a primary form of agreement that is legally binding between two different parties: the lender and the buyer. The lending party in the case of a private mortgage is privately owned, […]
The term “amortization” comes from the Latin word “mort,” meaning death. It literally means to kill a loan. It commonly means to repay it, combined with interest, over a specified period.
When you shop for a […]
Refinancing a loan essentially means taking one loan and replacing it with another. Refinancing is done to allow a borrower to obtain a different and even better interest term and rate. The first loan is […]
A construction loan is a specific type of agreement that caters to those wishing to undertake a major construction or renovation project. This type of loan structure is the answer to a growing need on […]