A portfolio mortgage presents a unique lending alternative for borrowers seeking flexibility and tailored financing. Unlike standard mortgages that are quickly sold to investors, portfolio loans are retained by the lender, often a local bank or credit union. This direct lending structure can produce benefits for both lenders and borrowers. For e… Read More

Facing foreclosure due to difficulty making house payment payments and considering Chapter 7 insolvency? It’s crucial to grasp how Fannie Mae, once the Federal National Mortgage Association, relates into this complicated situation. Generally, Fannie Mae doesn’t directly show up in a Chapter 7 case. They are a significant investor that buys mort… Read More

Planning to buy a residence in the Tar Heel State? It's important to know your potential monthly home loan obligations. Our free North Carolina home loan calculator allows you to easily calculate just that. Just input your planned home balance, rate, down payment, and property taxes; the calculator will then display an estimate of your principal… Read More