Jumbo loans are are loans for houses over one million dollars, they’re not for the average borrower. Or so we thought. Today, however, thanks to the boom in real estate…
Many people dream of owning their own homes (the American Dream) but only very few are able to pay cash for them. This is why FHA mortgages are one of…
In order to understand the theory behind the fixed rate mortgage, you have to understand the mindset of the mortgage banker and the mortgage borrower of thirty or forty years…
The changes in financing options available for residential investment properties over the last 5 years are staggering. Lenders have relaxed the credit and income guidelines for qualification that formerly deterred…
Like homeowners, Covid 19 and the credit crisis will shortly cause many real estate agents nationwide to suffer as well. Inventories have continued to drop and as a result many…
Buying a house is a very serious matter that comes in to people’s lives. It is very risky to invest your money in buying just any house you find. You…
At CambridgeHomeLoan.com, we come into contact with borrowers more than you think, who have at one point or another filed for bankruptcy. Although FHA loans are easier to qualify for,…
When you go to apply for a mortgage, your mortgage lender is most likely to ask you to provide financial documentation, which may include one to two years’ worth of…
Mortgage forbearance can help you deal with a temporary financial setback. You'll be able to skip or make reduced payments for a predefined period of time, but interest still accrues.…
Covid-19 and Forebearance.The latest information shows that there are an estimated 4.1 million borrowers that have placed their mortgages in forbearance on their mortgage, but a lack of information and poor wording in…
