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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

How to Determine Property Tax Deductions When Ownership Is Unclear

By | October 20th, 2017|

How to determine property tax deductions when ownership is unclear. It starts with figuring out who actually owns the property. Q: My grandma's house is in probate as she passed last year. Her grandchildren have been living there and paying the property taxes. Who gets the tax deduction for those tax payments? How to Determine [...]

Can a Deed Be Transferred If There Isn’t a Will?

By | October 13th, 2017|

When someone passes away without a will, it’s difficult to determine who the deed will be transferred to. Q: My aunt left me her house when she passed away but she didn't have a will and we didn't have any papers signed to state that she wanted me to have it. She told my cousin [...]

What Can I Do About Inheriting Property That Has A Mortgage?

By | October 6th, 2017|

What can I do about inheriting property that has a mortgage? This reader wants to know if they can execute a quitclaim deed to absolve themselves of mortgage payment responsibilities. Q: I have inherited a 25 percent interest in a home along with three other siblings. I do not want my 25 percent and want [...]

How to Handle a Tax Sale with Relatives Who Neglect Homeownership Duties

By | September 22nd, 2017|

Owning real estate with relatives can be tricky. It’s especially tough if they neglect their homeownership duties and the home goes through a tax sale. Q: We lost a piece of property due to back taxes. The property was in the names of my husband and his two sisters and brother. None of them would help [...]

What Happens to My Mortgage After a Sheriff’s Sale?

By | August 25th, 2017|

After foreclosure, homes go to sheriff's sale to satisfy the amount owed on the mortgage. Whether you still owe money after the sale depends on a few factors. Q: My house sold at Sheriff's auction to my mortgage lender. They have recently sold it, how do I get information that my loan was covered and [...]

What If I Can’t Prove I Paid My Mortgage?

By | August 11th, 2017|

If you can't locate the documents releasing your from your mortgage, your settlement agent or an attorney should be able to help. Q: Back in 2004 I refinanced my house with Taylor Bean & Whitaker. My mortgage was not fraudulent but was purchased by Bank of America. The title search on my house came up [...]

Chapter 7 Bankruptcy Won’t Release a Lien On Your Home

By | August 11th, 2017|

[amazon_link asins='1524763438,0812927427,0061944874,0812925319' template='ProductCarousel' store='thinkglink-20' marketplace='US' link_id='36d9a71b-d934-11e7-aeaa-1552dd5cb7bf']While Chapter 7 bankruptcy clears your obligations to pay debts that you owe, it won't clear a lien your lender has on your property. Q: I went through Chapter 7 discharge but the bank will not release the lien on my home. What can I do? A: There is at [...]

How Mortgage Refinance Affects Your Homeowner’s Insurance

By | August 4th, 2017|

During a mortgage refinance, it's usually normal for your new lender to become the first mortgagee on your homeonwer's insurance policy before finalizing the refinance. Q: Should a mortgage broker or a lender name themselves as the first mortgagee on a homeowner’s insurance policy without first completing the underwriting process, appraisal and funding the loan [...]

Managing Investment Property Gained in Divorce

By | July 21st, 2017|

After gaining an investment property from a divorce, this reader asks whether it's better to sell the house or continue to rent it to cover expenses.  Q: I got divorced last year and from the divorce, I got a house in California. The value of the house is about $600,000. I owe about $250,000 on [...]

Can I Qualify for a Mortgage on a Fixed Income?

By | July 21st, 2017|

Your ability to qualify for a mortgage is dependent on your income. Even if you're on a fixed income, including disability income from social security, you may still be able to qualify. Q: I own my home on just over two acres with a pond. I recently had a house fire but had no insurance [...]

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