Big Money Forums  

Go Back   Big Money Forums > Big Money Investing - Markets, Real Estate and Trading > Real Estate > General Real Estate Discussion
Register FAQ Calendar Radio Search Today's Posts Mark Forums Read

Reply
Submit Tools Thread Tools Search this Thread Display Modes
  #1  
Unread 12-11-2007, 05:42 PM
MarkT MarkT is offline
Registered User
 
Join Date: Jul 2007
Posts: 13
Rep Power: 0
MarkT is on a distinguished road
What are real estate mortgages?

Can someone tell me what a real estate mortgage is? I am learning more about the real estate industry and was wondering what kind of information I can find about them and how mortgages work in the real estate industry.

I was also wondering what type of qualifications you need to get a mortgage for real estate.
Reply With Quote
  #2  
Unread 11-04-2008, 06:31 PM
trishaltbr's Avatar
trishaltbr trishaltbr is offline
Registered User
 
Join Date: Sep 2008
Location: NSW Batemans, Australia
Posts: 10
Rep Power: 0
trishaltbr is on a distinguished road
Real estate is a legal term (in some jurisdictions, notably in the USA, United Kingdom, Canada, and Australia) that encompasses land along with anything permanently affixed to the land, such as buildings, specifically property that is stationary, or fixed in location.

A mortgage is the pledging of a property to a lender as a security for a mortgage loan. While a mortgage in itself is not a debt, it is evidence of a debt. It is a transfer of an interest in land, from the owner to the mortgage lender, on the condition that this interest will be returned to the owner of the real estate when the terms of the mortgage have been satisfied or performed.

At some point in your adult life, you are likely to purchase a house of your own. Whether you are sick of renting, or you have decided to settle down and start a family, purchasing your first home can be an exhilarating and nerve-wracking adventure. In researching the best practices for new home buying, we decided to give you three of the most important tips.

Our first suggestion is to save, save, and save some more. The idea behind this is to enable you to make the largest initial down payment on your new home as possible. We know how difficult it can be to save, but this could save you thousands of dollars in the long run. Wouldn’t it be great to be able to save thousands of dollars to use for your own ends, instead of paying it to some faceless bank in interest payments?

Secondly, try to educate yourself about the types of financing available. Shop around, or speak with a mortgage broker who can act on your behalf. In my opinion, your best bet is to lock into a fixed rate mortgage. A new home is very expensive, and you are likely to be short of cash for the first couple years. A fixed rate mortgage will provide you with the peace of mind that comes with knowing exactly what your mortgage payments will be each month. Remember, you can always renegotiate the terms of your mortgage at a later date. Ensure you have the stability you need to get off on the right start.

Lastly, be sure you have a proper home inspection done before you complete the transaction. If you feel the price of the house you are about to purchase is too good to pass up, it is probably is too good to be true. It is worth taking the time to ensure things are done properly. If you have to move fast for fear of missing out, make an offer, but ensure that your offer is conditional on upon a successful home inspection. Far too many first time home buyers have gone broke fixing repairs that should have taken care of by the previous owner. And, please, do yourself a favor and find an independent home inspector that doesn’t have a relationship with the real estate agent!
Reply With Quote
  #3  
Unread 11-04-2008, 06:42 PM
trishaltbr's Avatar
trishaltbr trishaltbr is offline
Registered User
 
Join Date: Sep 2008
Location: NSW Batemans, Australia
Posts: 10
Rep Power: 0
trishaltbr is on a distinguished road
At some point in your adult life, you are likely to purchase a house of your own. Whether you are sick of renting, or you have decided to settle down and start a family, purchasing your first home can be an exhilarating and nerve-wracking adventure. In researching the best practices for new home buying, we decided to give you three of the most important tips.

Our first suggestion is to save, save, and save some more. The idea behind this is to enable you to make the largest initial down payment on your new home as possible. We know how difficult it can be to save, but this could save you thousands of dollars in the long run. Wouldn
Reply With Quote
  #4  
Unread 03-04-2009, 12:48 AM
rs.froze rs.froze is offline
Registered User
 
Join Date: Mar 2009
Posts: 1
Rep Power: 0
rs.froze is on a distinguished road
Latest on mortgages, refinancing, & home tips from CNNMoney.com. Calculators for refinancing, mortgage payments and more, maybe try to look into some site that are related in mortgage IRS problem like that...




__________________
Reply With Quote
  #5  
Unread 09-05-2011, 04:51 PM
Nicholas_B Nicholas_B is offline
Member
 
Join Date: Jul 2010
Posts: 117
Rep Power: 14
Nicholas_B is on a distinguished road
What are real estate mortgages?

The real estate definition with regards to the UK (from trishaltbr), is different; you can still own a property and not the land, this is quite common and land rates need to be paid. The owner of the land has no right to change the property but to charge rent, there is a structure in-place to stop owner of the land to charge outrageous rates.
Reply With Quote
  #6  
Unread 10-11-2011, 01:20 AM
hboss hboss is offline
Moderated Member
 
Join Date: Oct 2011
Posts: 26
Rep Power: 0
hboss is on a distinguished road
Real Estate Mortgage Investment sometimes also called Collateralized mortgage obligations.that are a type of special purpose vehicle used for the pooling of mortgage loans and issuance of mortgage-backed securities.
Reply With Quote
  #7  
Unread 06-06-2012, 03:56 AM
moore.davidv11's Avatar
moore.davidv11 moore.davidv11 is offline
Senior Member
 
Join Date: Jul 2008
Posts: 316
Rep Power: 16
moore.davidv11 is on a distinguished road
Re:

One of my friends recommends a good site which can help me to choose bankruptcy lawyer for my case.
Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Google
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
How much can you make in real estate? klpr General Real Estate Discussion 4 01-18-2012 05:27 PM
Real Estate appraisal DSP28 General Real Estate Discussion 4 04-17-2009 12:52 PM
Real Estate Notes shinzo159 General Real Estate Discussion 0 10-23-2008 08:55 AM
Real Estate Services sreejas General Real Estate Discussion 0 04-28-2008 04:11 AM
Got The Real Estate Blues? stefanj84 General Real Estate Discussion 0 12-19-2007 10:14 AM


All times are GMT -5. The time now is 10:22 AM.

Powered by vBulletin® Version 3.6.7
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.