Author: Daniel Quintero

  • What Are The Requirements For a Deed of Absolute Sale in The Philippines?

    A deed of absolute sale is a legal document that is used to transfer ownership of property from one person to another. In the Philippines, there are certain requirements that must be met in order for the deed to be considered valid. First and foremost, the property must be fully paid for by the buyer.…

  • What Are The Requirements For Self Employed Income For a Mortgage Loan

    What Are The Requirements For Self Employed Income For a Mortgage Loan

    As a self-employed individual, there are a few things you need to know in order to calculate your income for a mortgage loan. The first thing you need to do is get an idea of your average monthly income over the past two years. This can bedone by looking at your tax returns, bank statements,…

  • What Factors Affect The Cost of a Japanese House?

    What Factors Affect The Cost of a Japanese House?

    When it comes to the cost of a Japanese house, there are a few factors that come into play. The first, and perhaps most obvious factor, is the location of the house. If you’re looking for a Tokyo mansion, you’re obviously going to pay more than if you’re looking for a house in the countryside.…

  • What is an Assignment of Mortgage?

    What is an Assignment of Mortgage?

    An assignment of mortgage is a legal document that transfers ownership of a mortgage from one party to another. The original lender (known as the assignor) transfers their interest in the mortgage to the new lender (known as the assignee). This type of transaction is often used when a borrower refinances their home loan with…

  • Which is Better For You – a Home Equity Loan or a Reverse Mortgage

    Which is Better For You – a Home Equity Loan or a Reverse Mortgage

    Home Equity Loan A home equity loan is a loan that is secured by your home. This means that if you default on the loan, your lender can foreclose on your home. Home equity loans are usually a shorter term than a reverse mortgage and have a lower interest rate. How Home Equity Loans Work…

  • The Average Salary For a Mortgage Underwriter

    The Average Salary For a Mortgage Underwriter

    A mortgage underwriter is responsible for reviewing and approving loan applications. They must have a thorough knowledge of the guidelines set by the government and the financial institution. The average salary for a mortgage underwriter is $64,000 per year. Duties A mortgage underwriter is responsible for approving or denying loan applications based on the applicant’s…

  • The Basics Of Applying For A Mortgage

    The Basics Of Applying For A Mortgage

    Introduction If you’re thinking of buying a home, you’re likely wondering when is the best time to apply for a mortgage. The answer, unfortunately, is not as straightforward as you might hope. The best time to apply for a mortgage is when you are ready to buy a house. This means that you have saved…

  • The Benefits Of A Fixed-Rate Mortgage

    The Benefits Of A Fixed-Rate Mortgage

    Introduction A fixed-rate mortgage is a loan in which the interest rate on the note will remain the same throughout the entire term of the loan, as opposed to loans in which the interest rate may adjust or “float”. Generally, fixed-rate mortgages come in terms of 30, 20, 15, and 10 years, and are available…

  • The Benefits of an Assignment of Mortgage.

    The Benefits of an Assignment of Mortgage.

    An assignment of mortgage is a legal document that transfers the mortgage from one party to another. The most common reason for this is when a borrower defaults on their loan and the lender wants to sell the property to recoup their losses. Mortgage assignments are also used in situations where the property is being…

  • The Benefits Of An Open Ended Mortgage

    The Benefits Of An Open Ended Mortgage

    Introduction An open-ended mortgage is a type of home loan that allows for repayment of the loan principle at any time without penalty. Most mortgages are closed-ended, meaning that the borrower must repay the loan in full by a certain date or face a penalties. An open-ended mortgage gives borrowers more flexibility in how and…