Cachet Gomes

Mistakes that you can commit when taking a commercial property loan

Commercial property is property that you purchase in order to profit from it and not use it for the purpose of living. To invest in the commercial property market you would definitely need to take out a commercial property loan. However, you should be awa... Read >

How government backed loans help small businesses

When it comes to stating or running a small business a lot of money is required. The demand for government backed loans is very popular as the guidelines that are set in order to qualify for such loans are very lenient unlike other loans. What help doe... Read >

A Detailed study of the Equal Credit Opportunity Act

As per the Equal Credit Opportunity Act (ECOA) no person can be refused credit on the basis of race, creed, religion or sex. The Federal Trade Commission (FTC) enforces this act to prevent any discrimination. The financial institutions may ask you many qu... Read >

The importance of the Truth in Lending Act

The Truth in Lending Act is a federal law in the United States that is designed to protect consumers when it comes to credit transactions. This is done by giving every consumer full disclosure of the terms and the cost of credit. The act is there to ensur... Read >

6 Mortgage laws and consumer rights that everyone must know

The government has introduced a set of mortgage laws to govern the mortgage lending process. There are also laws to protect borrower's rights and financial information. The borrowers should be aware of these mortgage laws and consumer rights in order to d... Read >

RESPA basics: What you should be aware of

Real Estate Settlement Procedures Act or RESPA is a statute that has been formulated for consumer protection. This act was first passed in 1974. The main objective of Real Estate Settlement Procedures Act is to abolish referral fees & kickbacks which unne... Read >

Property appraisal – Its importance and solutions to a low appraisal

A real estate appraisal is important when you take out a mortgage loan to purchase a property. It helps to determine the market value of the property you're planning to purchase. The lender also requires an appraisal to verify that if required, whether or... Read >

Mortgage insurance basics – Its types and benefits

Many of you know that you should calculate your affordability while taking out a mortgage loan. However, even if you obtain a home loan according to your affordability, a sudden financial crisis may make it difficult for you to make the home loan payments... Read >

4 Common mortgage scams and how to avoid being a victim

Scams are quite common in the present times. They are prevalent in every field and mortgage industry is no exception. Most of the mortgage scams tend to prey those homeowners, who don't have adequate knowledge about the mortgage industry. Moreover, the mo... Read >

VA Mortgage Loan Scams

VA mortgage loans have proved to be very beneficial for veterans and a veteran can now enjoy a dream home of his own. The main advantage of VA mortgage loans is you don't have to make any down payment. VA mortgage loan scams are on the rise and consumers ... Read >

Mortgage Calculators-How They Can Help You Make a Better Deal?

If you have decided to settle for a mortgage, there are several aspects that need to be considered. The most important factor is how you should plan it out? Your affordability, how much you are eligible to borrow, what interest rate should you opt for, wh... Read >

Quit Claim Deed Fraud

A quitclaim deed is a document which states that the individual signing the document, has no interest in the piece of property. In other words, when you are signing a quitclaim deed you are expressing your disinterest in owning a property. For instance,... Read >

Subprime Mortgage Crisis and it's Ripple Effect

Experts are of the opinion that the mortgage crisis is perhaps the biggest financial shock the country has been subjected to following the Great Depression of the 1930s and early 1940s. The subprime mortgage crisis in USA which erupted due to the bursting... Read >

Adjustable Rate Mortgage Loan: How to avoid scams

If you are availing an adjustable rate mortgage loan, be informed about the various scams and frauds of ARM. Such scams can cost a homeowner his equities if borrowers do not avoid certain common mistakes. How do scammers get borrowers' informa... Read >