NMRC Explains: What is in Your Monthly Mortgage Payment?
A mortgage is a loan that a mortgage or commercial bank provides to individuals to enable them to purchase a […]
NMRC explains
Taking a Mortgage Enhances Cashflow for Other Investments
If you are considering owning a home, taking a mortgage loan is an alternative to outright purchase given that the
How to Determine How Much House You Can Afford
Homeownership is a dream for many people. It is a sign of stability, independence, and financial success. However, owning a
Important Mortgage Terms to Know
Annual percentage rate, or APR, is a way of measuring the full cost a lender charges per year for funds. read more
NMRC explains
Four Tips on Determining the House You Can Afford
NMRC’s mortgage refinancing operations have enhanced access to affordable homeownership through the provision of long – term liquidity to Mortgage Lenders. read more
Top Five Reasons to Get a Mortgage Loan
A simple way to understand a mortgage is that it enables you to purchase a home without paying the total price upfront. read more
NMRC explains
The 4 Cs of Qualifying for a Mortgage
Once you’ve decided to get a mortgage, a sound understanding of the requirements is crucial to a successful experience. read more
Annual Percentage Rate (APR)
Annual percentage rate, or APR, is a way of measuring the full cost a lender charges per year for funds. read more
Interest Rate
An interest rate is defined as the proportion of an amount loaned which a lender charges as interest to the borrower, read more
Interest
Interest is both the cost of borrowing funds and the profit that accrues to those who deposit funds in a savings account. read more