Mortgage loans can be classified into two major categories. The loans offered to owner-occupants and the more expensive and tougher ones for real estate investors. Usually owner-occupant financing for real estate with one to four units is readily available provided that you use one of the units as your residence. In other words, your status as an owner-occupant allows you to buy more than just a house or condo. You can actually buy property that produces rent and increases your tax deductions.
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Mortgage To Consider For First-Time Home Buyers
May 3rd, 2011Mortgage Mistakes That Can Cost You Money
April 29th, 2011If you are planning to get a mortgage, then you should make sure that you avoid a number of common mistakes that will leave you paying too much money or getting into financial difficulties. If you are aware of potential mistakes you can make then you will be better equipped to get the best deal for your needs. Here are the most common mortgage mistakes and how to avoid them:
Not sorting out your finances