Where Does the Money Come From for Mortgage Loans?

Linda Bagley
Where Does the Money Come From for Mortgage Loans? In the “olden” days, when someone wanted a home loan they walked downtown to the neighborhood bank or savings & loan. If the bank had extra funds laying around and considered you a good credit risk, they would lend you the money from their own funds. It doesn’t generally work like that anymore. Most of the money for home loans comes … Read More

The Biweekly Mortgage – Who Needs It?

Linda Bagley
The Biweekly Mortgage – Who Needs It? Have you received an advertisement offering to save you thousands of dollars on your thirty-year mortgage and cut years off your payments? With email “spam” becoming more pervasive as everyone tries to “get rich quick” on the internet, these ads are popping up with troublesome regularity. The ads promote the “Biweekly Mortgage” and for the most part, do not come from a mortgage … Read More