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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 Choose the Right Mortgage for You

By | June 13th, 2014|

When you’re shopping for a mortgage, it can be hard to decide what the best option is for you. Should you take the lower interest rate of an adjustable rate mortgage (ARM), or is it better to lock in your rate for 30 years? The Consumer Financial Protection Bureau (CFPB) suggests seven things to keep [...]

How to Read a Good Faith Estimate

By | June 3rd, 2014|

Among all the paperwork that is exchanged during the home buying process, the Good Faith Estimate is arguably the most important piece of information a mortgage lender will give you. A Good Faith Estimate, or GFE, is a document your lender gives you that describes the basic terms of the loan and estimates how much [...]

Inheriting an Upside Down House

By | May 4th, 2014|

Q: My ex-husband is deceased, and we had two sons together. They are 34 and 35. His sister asked me to handle his estate and to help the boys with it. He has a house with an insurance policy that will pay for the mortgage for one year. We’ve applied for that, but he is [...]

3 Steps to Reduce Property Taxes

By | April 11th, 2014|

Are you paying too much in property taxes? Chances are your answer is yes. Well, there are three steps you can take to reduce your property taxes. Most homeowners feel overburdened by ever-rising property tax costs and want to take steps to reduce property taxes, though not every homeowner’s taxes are as oppressive as others. [...]

What Do I Need to Apply for a Mortgage?

By | March 27th, 2014|

Long gone are the days when securing a mortgage required a simple credit check. Since the housing market meltdown of 2008, the path to a mortgage has been lined with paperwork and red tape. “Regulations have made the pendulum swing so far in the opposite direction that there’s an overemphasis on documentation and verification,” says [...]

How to Choose an Insurance Policy for Every Stage of Life

By | March 13th, 2014|

When you’re shopping for insurance, it’s important to consider your current stage of life. The coverage you had in your teens may be different from the coverage you require as a senior, so you’ll want to choose an insurance policy that fits your needs. Below are policies you should consider in the different stages of [...]

How Much a Credit Score Can Cost You When Getting a Mortgage

By | March 6th, 2014|

This article was updated on 4/25/17. If you are gearing up to buy a home, your credit score could mean the difference between a manageable mortgage payment and one that breaks the bank. That’s because your credit score is one of the biggest factors lenders use to determine your mortgage interest rate and how much [...]

Why Many Homeowners Are Still Underwater

By | March 2nd, 2014|

This week we found out that the negative equity rate for 2013 homeowners was below 20 percent for the first time in years, according to Zillow. Negative equity is when a house is worth less than the mortgage amount – commonly referred to as underwater. One year ago, 27.5 percent of all homeowners with a [...]

How Homebuyers Can Avoid Paying for Private Mortgage Insurance

By | February 25th, 2014|

Private mortgage insurance, or PMI, can be a large new expense for homebuyers to take on each month. Fortunately, there are ways to avoid paying for PMI. If homebuyers are able to invest enough equity in their property, private mortgage insurance will not be required by the lender. If homebuyers put at least 20 percent [...]

Four Trends for the 2014 Housing Market Recovery

By | February 9th, 2014|

Home prices are rising and foreclosures have gone down but several risk factors still face the 2014 housing market recovery. Daren Blomquist, Vice President of RealtyTrac, shared these four trends for the 2014 housing market recovery. RealtyTrac is a company that collects and analyzes real estate data and is one of the only major real [...]

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