Financing is the way you pay for a purchase – and the term is usually used in the context of buying a home or a car. Financing may be a 100 percent loan or some combination of a cash down payment and a loan. When you apply for bank financing, it helps to have a strong credit score because banks want to make sure you will pay on time and in full. The state of the economy, including how much cash lenders have available to loan, affects what kind of financing you can get at any given time. To get the best financing, it helps to become familiar with the market for the type of loan you’re trying to get, whether that’s an auto loan, mortgage, school loan or personal loan. From this topic page, you can search for information on all kinds of financing. We have many videos on different types of mortgage financing, and hundreds of articles. Use the topic cloud on the right-hand navigation to further refine your search.
Commercial Real Estate And Mortgage Websites
Ilyce has several favorite websites for financial advice on real estate and mortgages. Those websites include the consumer website for the National Association of Realtors and the Wall Street Journal's real estate website. Ilyce also has several other favorite websites for personal finance and real estate advice.
Last Chance Refinancing With Low Rates
Many consumers have already refinanced their mortgages to take advantage of lowed interest rates. Some have refinanced twice, or even three times. But interest rates won't stay this low forever, so if you're ready to refinance, now is the time.
Fannie Mae Restricts Refinancing
To reduce the number of mortgage loan refinancings, Fannie Mae instituted a fee. Fannie Mae's refinancing fee should offset the cost of people defaulting on their mortgage loans. In addition, Fannie Mae is limiting home owners to refinancing no more than once per year. Learn more about Fannie Mae's new refinancing policies.
Mistake Homeowners Make When Refinancing Their Home
When you're a homeowner, offers to refinance your home come in every form possible. While it's easy to get excited at the idea of a lower interest rate, homeowners should still be cautious when finding the best way to refinance. Here are some of the biggest mistakes homeowners are making in their haste to nail down what they think is a good deal.
A Borrower’s Rights And Responsibilities
Lenders who charge excessive fees. Lenders who tell you your loan application won't be approved if you don't buy high-priced credit insurance. Lenders who tell you your credit isn't good when it is. These are some of the characteristics of predatory lenders -- bad apple lenders who prey on unsuspecting or unsophisticated borrowers.
Mailbag: Taxes, Refinancing And Legal Advice
Taxes, refinancing and where to go for cheap legal advice are included in the mail bag this week.
Down Payment And Closing Cost Financial Assistance
When you're a first time home buyer you can potentially find money for a down payment or closing costs through a community group that helps promote home ownership. When you're a first time home buyer you should look at what local consumer groups offer to help with down payments or closing costs. Some groups offer second mortgages instead of direct down payment or closing cost assistance.
How To Avoid Junk Fees When Financing Or Refinancing
Financing or refinancing your home? If you're shopping for a home loan, one of the most important questions you need to ask is what fees and costs are associated with the loan. You shouldn't have to pay junk fees when financing or refinancing your home.
Finding A Loan For Land Purchase
Buying land to build a home on requires a different kind of financing. A mortgage broker who deals in construction property is one way to look into financing. Another option is to find a lender in the area who is familiar with financing land purchases.
Bank Underwriting Commitment Needed For New Home
A home buyer is having trouble securing financing for a mortgage and hopes a bank underwriting commitment may help. His home purchase contract has a no-financing contingency. There are several options for getting a loan but also warns against signing a purchase offer without a financing contingency.