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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

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. [...]

Condo Declarant Should Pay Expenses For Units They Own

By | June 30th, 2017|

When a condo declarant still owns unit in the building, they're responsible for ongoing maintenance expenses in the building. Q: We bought into a condo development five years ago. The condo documents said the declarant didn’t have to follow the condo rules or pay dues on his units until the last unit was sold. We [...]

How To Track Down Your Mortgage Transfer Records

By | June 30th, 2017|

When your mortgage broker sells your loan to another lender, there might not be specific mortgage transfer records for your loan. Q: Four years ago my husband and I refinanced our home with a mortgage broker, who immediately sold it to a big box lender, to whom we have been paying our mortgage payment for [...]

A New Report Shows Housing Market Strengths and Weaknesses

By | June 16th, 2017|

It’s been a decade since the housing market collapsed, and home prices have finally regained their previous peak. According to the State of the Nation’s Housing 2017 report, released today by the Joint Center for Housing Studies at Harvard University, U.S. home prices rose 5.6 percent in 2016, beating out their pre-recession highs. Across the [...]

How To Pay Off A Home Equity Loan With A Very High Interest Rate

By | June 8th, 2017|

What happens when your parents die and you discover an unpaid home equity loan with an extremely high interest rate? This person inherited a house, which is in probate, but also discovered what looks like a 30-year home equity loan that carries such a high interest rate that the loan balance is never paid down. [...]

When Is It a Mistake to Refinance Your Mortgage?

By | June 1st, 2017|

When is it a mistake to refinance your mortgage? Only if you don't know this mortgage secret: Your amortization schedule will "reset" each time you refinance your mortgage, unless you opt to refinance at a lower rate for a shorter term length. In this case, your monthly mortgage payment tends to rise, however.  Q: Did [...]

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