Mortgages are associated with loans that are secured on properties that may be residential or commercial. They are generally classified as fixed or adjustable rate mortgages. Mortgage companies provide these loans, and they also do a lot of other things as well.

Mortgage is a term that actually refers to an agreement based on which an individual can borrow money from an organization by keeping property as collateral. These arrangements are usually administered by Mortgage Brokers. These brokers are agents who either work individually or for a bank or loan institution, and they earn through commission. Mortgage brokers also help the borrowers in sourcing the best loan, which suits his needs and requirements.

As an industry it is one that has become very competitive with many finance companies entering the market over the last several years, and more entering month after month.

In Maryland and other states in the US, there are two parties in a mortgage, the creditor providing the loan, and the debtor who takes the loan. Other parties that may be involved in the process can be a legal advisor, a mortgage broker and a financial advisor.

The home mortgages process in Maryland starts with the submission of an application and documentation about credit history, income etc. It’s wise to shop around, collecting different information on mortgages in Maryland.

For a person to be eligible for a mortgage in Maryland, the lending company analyzes the credit report of the borrower. Hence, it is very important to have an impressive credit report when approaching a lender for a mortgage in order to get a favorable rate. However, there are lending companies that offer mortgages for people with bad or no credit record.

It should also be noted that like conventional loans, mortgages can be repaid in various ways. Capital and interest, interest-only, no capital or interest, etc.

By: Clyde Lee Dennis

About the Author:

Information and applications for Maryland mortgages. Ability Mortgage Group is a leader in mortgage solutions.


The United States is one of the most expensive countries in the world, but there are cheap places all around you that are ripe for retirement.

American is the most expensive country if you attempt to keep up with the Joneses, if you insist on big houses in expensive areas, new cars and a yearly rash of new TV sets, refrigerators, deep freezes, vacuum cleaners and what not.

However, I know of no other place in the world where you can buy a good reliable used car for a hundred dollars. And you can in America. You can get an excellent used car in our country for that amount, and particularly in times of depression. I recall buying a four year old Packard, the first car I ever owned, for exactly $75. It was a monstrously large convertible coupe with four forward speeds.

There is no country on earth that produces so cheaply good sturdy ready-to-wear clothing. A pair of American denims will outwear anything selling abroad for a comparable price, two or three times over.

No, you can live cheaply and well in the United States if you make a hobby of it. If you seek out the cheaper sections of the nation and then pull every economy trick in the game.

The term bargain paradise is becoming increasingly popular these days as more and more people, in despair at our national way of life, search desperately for an alternative. Usually when we say bargain paradise our thoughts fly to countries beyond the horizon. To far Tahiti, to Spain, to the Canary Islands, Peru, or Austria.

In fact, it may come as a surprise to some that we have many a bargain paradise right here in our own land.

The term explains itself. Whether in the United States or abroad, a bargain paradise is an area where prices are low and scenery and climate are superlative. It’s as simple as that.

And where are there such places in the United States?

All over.

New England, back away from the cities. For those, in particular, who demand the changes in season New England (and up-state New York) is one of the most beautiful sections of our country.

The coastal area between Maryland and Florida. Hundreds of miles of picturesque beach. Fishing, swimming, boating. The further south you go, of course, the warmer the climate.

Florida, ruling out only the larger cities and the swank tourist resorts, is one big bargain paradise. It’s cheap, it’s beautiful. Its offerings are boundless to the retired sportsman or sportswoman.

The Gulf Coast between Florida and New Orleans. Cheap, warm, wonderful.

The Rio Grande Valley and in particular the lower stretch in the vicinity of McAllen where the climate is superior even to that of Florida.

New Mexico, Arizona, Southern Colorado. For those who love mountains, desert and wasteland. These states offer the glories of the West – and are bargain priced if you stay away from the population and tourist centers.

California, Oregon, Washington. Always staying away from the big cities and resorts, of course. Los Angeles and San Francisco can be as expensive as any city in the country, but little Grass Valley, tucked up in the High Sierras, is a bargain paradise indeed.

The Ozarks of Arkansas and Missouri are rapidly becoming one of the more popular bargain paradises, especially for those who wish a small farm on which to retire.

So forget Paris and leave Italy behind. Look in your backyard and your neighbor’s backyards and you will find your own American retirement paradise.

By: Jimmy Cox

About the Author:

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