Darrel Rigley – Professional Mortgage Audit Specialist

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Mortgage Loan
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What is a mortgage loan?
A mortgage loan is type of a loan that
financial institutions offer to prospective
buyers to enable them to acquire a property, be
it a house, flat or commercial space. A mortgage
loan is approved and disbursed against mortgaging
the property bought. Usually all the mortgages
are registered and made legally binding.
Generally, the mortgage loans attract lesser
interest rates compared to commercial lending.
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Types of mortgage loans
There are many types of mortgage loans
available now, among those Fixed Interest Rate
and Variable Interest Rate mortgage loans are the
most popular.
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Fixed rate interest Variable rate interest
mortgage loan
Fixed rate interest mortgage loan deals in fixed
interest rate. The interest will remain fixed
throughout the loan tenure.
Variable interest mortgage loan deals in
variable interest rate. The rates will be
adjusted according to the financial performance
of the economy and other local factors.
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Important aspects about mortgage loans

• All mortgage loans require the buyer to bear
  at least 15 of the total cost as down payment.
• All mortgage loans will have monthly payments
  in the form of EMIs.
  
• While taking a mortgage the borrower should pay
  serious attention and discrepancies if any should
  be brought to the notice of the lender
  immediately
• Mortgage loans have to be tread with caution as
  borrower tends to jump to a higher loan than he
  can really afford sometimes.
• Before going for a mortgage loan, it is better
  to look for credit rating and pre-approval while
  inspecting for a property.

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Benefits of taking a mortgage loan

• A mortgage loan in good standing on your credit
  report improves your credit score.
• Income tax deductions are available if you have
  a mortgage, and they reduce your tax liability.
• Mortgage amount does not change, even if your
  house loses value.
• A mortgage that is not used to purchase a home,
  such as a home equity loan, gives you access to
  funds when you need the money.
• A mortgage allows you to purchase a home without
  having to pay the full price in cash.

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Distressed Mortgage Solutions Inc.
Distressed Mortgage Solutions has been offering
trustworthy assistance to families and
individuals who may be facing foreclosure,
financial difficulty and declining home values.
Distressed Mortgage Solutions helps families
avoid foreclosure by achieving affordable
mortgage payments for homeowners at this
difficult economic time. Distressed Mortgage
Solutions have decades of experience helping
families avoid foreclosure by giving them the
financial and legal leverage to dispute their
loans.
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Darrell Rigley
Darrell Rigley is a thriving entrepreneur with a
reputation of building large sales teams in the
insurance and financial services business. He has
over 20 years of experience in this area. He is
the founder of Distressed Mortgage Solutions Inc.
He is also a commercial real estate investor and
published author. Darrell Rigley is highly
suggested by clients and sales representatives,
as a trusted source , problem solver and a
visionary in marketing new products and services
in the real estate industry. He is currently
the President of TriMark Financial Solutions.
 www.darrellrigley.com