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Mortgage & Finance

A mortgage, or a home loan, can come in many different forms. A 30-year fixed rate, a 15-year fixed rate, an adjustable rate mortgage, a jumbo loan. And what about prepayment or foreclosure? The articles, blog posts, videos and radio shows on this page will answer all your mortgage questions and help you find the right mortgage for you.

You need to consider the fees and closing costs that you may be charged in obtaining a mortgage, the length of the loan and the amount of the loan. In addition, while the interest rate you obtain is quite important, you need to understand all of the other issues involved in obtaining a mortgage loan for your home or investment property.

Take a look at our hundreds of articles on our site. Some of these articles are listed below. These articles relate to obtaining a mortgage, finding a low interest mortgage loan, the difference between a fixed rate or ARM loan, whether to pay points to buy down your interest rate, and avoiding prepayment penal

Refinancing a Mortgage With Just $26,000 Left to Pay

By | December 21st, 2017|

Refinancing a mortgage late in the life of the loan could cost you more than it’s worth. Here are a few options if you’re looking to lower your financial burden. Q: Is it wise to refinance my mortgage if it has a balance of just $26,000? The loan was for 30 years at a fixed [...]

I Pay the Mortgage. Do I Have Rights to my Parent’s Home?

By | December 20th, 2017|

Do you have rights to your parents home if you paid their mortgage? You have to consider all of the details of the arrangement before you can claim rights. Q: My husband and his brother paid for a vacation home that was titled in the name of their parents. My mother transferred money out of [...]

She Inherited Her Dad’s House But His Ex-Wife Just Moved In

By | December 14th, 2017|

She inherited her Dad’s house but his ex-wife just moved in. How do you remove your dad’s ex-wife from a house you inherited? Q: My wife just found out her father died. His home, which is in South Carolina, was left in a living trust. She was also told she is the last living and [...]

Can Lenders Revoke a Mortgage Refinance?

By | December 8th, 2017|

Can lenders revoke a mortgage refinance if a relative takes her name off the title? When a co-borrower removes her their name from the title during the refinancing process, it can cause complications for the homeowner trying to get the loan. Q: Both my daughter and I are named on her mortgage loan and title [...]

No will? What Happens to Homeownership and Property Taxes

By | December 7th, 2017|

What happens if there’s no will? Homeownership and property taxes are two key issues to sort out if someone dies intestate (with no will) but has real property. Q: Does a family member or friend have to start paying property taxes after the owner of the house (who was over 65) dies in order to [...]

Can You Negotiate New Mortgage Terms After a Homeowner Dies?

By | November 22nd, 2017|

After a homeowner dies, the large remaining mortgage balance may entice you to call the lender and negotiate new terms. Unfortunately, it’s not that easy. Q: My father died of cancer in January 2017. He is the only one on the mortgage with a big box lender. I was a joint tenant with rights of [...]

Can a Condo Board Require Me to Pay For a Limited Common Element?

By | November 22nd, 2017|

Can a Condo Board Require Me to Pay For a Limited Common Element? When a common element of a property becomes a limited common element, can the condo association board force you to pay for it? Q: I just read your article on ThinkGlink.com relating to limited common elements in a condominium association, and I have [...]

Will Being on the Title of Your Parent’s Home Affect Your Taxes?

By | November 10th, 2017|

When a parent adds their children to the title of their home - and later sells that home - the tax implications for the children are complicated. Q: I read somewhere that what my mother did by putting her kids on the title to her home with her was wrong. How can the title be [...]

When is the Best Time to Take Out a Home Equity Loan?

By | October 27th, 2017|

The best time to take out a home equity loan varies depending on the lender and the home value. Q: My home will be paid off in February. My bank recommended that I obtain an home equity loan now. They told me that if I waited until after if was paid off I’d lose 30 [...]

How to Leverage Property to Afford a Loved One’s Care Facility

By | October 20th, 2017|

When a loved one must be moved to a care facility, there are ways to leverage their property in order to afford the high cost. Q: My father has Alzheimer’s and I have power of attorney over his home. Due to the past hurricane damage, the home is in need of major repairs, everything from [...]

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