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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

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 [...]

Can I Qualify for a Mortgage if My Name is on Another Property’s Title?

By | July 14th, 2017|

If your name is on a home title but not on the mortgage, you can still buy property and qualify for a mortgage. Q: My name is on a title of a home but not on the mortgage. If I want to go out and purchase property or a home will my name being on [...]

Transferring Homeownership During Refinance

By | July 14th, 2017|

While transferring interest in a home to refinance a loan is often straightforward, it's important to investigate the situation to avoid potential issues. Q: I own one-third of a property left by my mother's estate. My sister wishes to transfer her third to me, as she has no interest in the property and has not [...]

Avoiding Capital Gains Tax When Selling Investment Property

By | July 14th, 2017|

Navigating capital gains tax on the sale of an investment property can be complicated. Consult a tax professional to fully understand your options and their consequences. Q: We bought a rental property (it’s a condo) in 2005 for $80,000. We rented it out until 2016. Our daughter moved into this condo last year after she [...]

I’ve Made My Last Mortgage Payment. Now What Happens?

By | July 13th, 2017|

After years of work, you’ve finally made your last mortgage payment, jumped for joy and popped the Champagne. Congratulations!  It’s a big accomplishment – but don’t forget to wrap up all the loose ends. The first step is to start watching the mailbox for your cancelled mortgage documents. These documents prove that you own your [...]

I’m Nearing Retirement. Should I Pay Off My Mortgage?

By | July 7th, 2017|

When you're nearing retirement, is it a better idea to pay off your mortgage or invest that money?  Q: Greetings! I’m a long-time listener to your radio show and read your free weekly newsletter. You even gave me good advice nearly 10 years ago when I called your show about my real estate in Georgia. [...]

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