Michael Inkman

Fairway Independent Mortgage Corporation

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  • Home
  • About
    • About Michael
    • Testimonials
  • Types of Loans
  • Mortgage Info
    • First Time Home Buyer Tips
    • First Time Home Seller Tips
    • Get Pre-Approved Now!
    • Closing Costs
    • Home Appraisal
    • Home Inspection
    • Loan Checklist
    • Loan Process
    • Loan Programs
    • Mortgage Glossary
    • FAQs
  • Blog
  • Contact
Home Archives for Interest Rates

Michael Inkman September 1, 2023

Understanding the Mechanics of a HELOC Loan

A Home Equity Line of Credit is a type of loan that allows homeowners to borrow against the equity they have built in their property. Equity is the difference between the home's current market value and the outstanding mortgage balance. HELOCs are typically offered by banks, credit unions, and other financial institutions and are often regarded as a "second mortgage."

Filed Under: Mortgage Tagged With: HELOC, Interest Rates, Mortgage

Michael Inkman August 24, 2023

What Are The Pros And Cons Of ‘No-Deposit’ Mortgage Deals For First-Time Buyers?

"No-deposit" mortgage deals for first-time buyers refer to mortgage options that allow buyers to purchase a home without having to put down a deposit or a down payment. Here are the pros and cons of such deals.

Filed Under: Mortgage Tagged With: Interest Rates, Loan Options, Mortgage

Michael Inkman May 16, 2023

Buying A Home With Cash Versus Low Interest Rate Mortgages

When deciding whether to buy a home with cash or to obtain a low-interest-rate mortgage, there are several factors to consider. A cash offer can be very competitive in a real estate market, as it can give the buyer a significant advantage over buyers who need to obtain financing through a mortgage.

Filed Under: Mortgage Tagged With: Cash or Finance, Interest Rates, Mortgage

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Michael Inkman

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