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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 Much Can I Afford to Spend on a Mortgage?

By | September 25th, 2013|

Buying a home is exciting, but it usually comes with a lot of questions—the biggest of which is usually “How much can I afford to spend on a mortgage?” In order to figure it out, you need to understand all of the expenses involved in owning a home. Scroll down for video Mortgage companies look [...]

Four Questions to Ask When Buying a HUD Home

By | September 23rd, 2013|

A HUD home is one that was originally purchased with an FHA loan and has, through foreclosure, become property of the Department of Housing and Urban Development (HUD). In short: It’s an FHA foreclosure. Buying a HUD home - while different from buying a non-distressed home - can be a great way to get a [...]

Three Reasons Refinancing Your Mortgage is So Complicated

By | September 13th, 2013|

Mortgage interest rates are on the rise, but today’s rates are still well below the historical average of 7 percent. If your interest rate is above today’s average, you may have already tried—and failed—to refinance your mortgage, maybe more than once. Why, if you have remained current on your mortgage through these tough economic times, [...]

Locking a Mortgage Rate: What You Should Know

By | August 24th, 2013|

When locking a mortgage rate, you should know who's responsible for missing a rate lock. Try to find a lender who will help with a mortgage rate lock. Q: I am in the middle of completing a refinance of my home and missed my rate lock due to an un-recorded deed. As soon as this [...]

Should I Use My Inheritance to Pay Off My Mortgage?

By | August 23rd, 2013|

Using an inheritance to pay off your mortgage can help pay down your mortgage faster. Consider using an inheritance to pay down debts.  By: Ilyce Glink and Sam Tamkin Q: I have a 20-year fixed mortgage and am two years into it. If I inherit a chunk of money and want to pay down my [...]

Fix and Flip Loans with Hard Money Lenders

By | August 23rd, 2013|

Considering a fix and flip loan with a hard money lender? Think carefully about the double-digit interest rate before signing on. Q: I enjoyed reading your story about on how distressed property REO investments may undermine housing markets. I am the marketing director at a leading hard money lender to residential real estate investors in [...]

Options for Underwater Homes: When Filing for Bankruptcy Makes Sense

By | August 17th, 2013|

Wondering about options available for underwater homes? If the bank denies a short sale, you may have to file for bankruptcy. Q: My husband and I purchased a condotel unit in Hawaii in 2006 and the property is way under the water now. We have been trying very hard to keep up with mortgage and [...]

How to Take Legal Action Against a Contractor

By | August 10th, 2013|

Knowing how to take legal action against a contractor can be complicated. To avoid problems, do a lot of research before hiring a contractor. Q: I’d like to find out what legal actions I can take against contractors. I purchased a home that was a fixer-upper and hired a contractor to do the work, but [...]

Should I Pay off My Mortgage or Invest in Retirement?

By | August 10th, 2013|

Deciding whether to pay off your mortgage or invest in retirement is a common question. Try paying your mortgage with existing funds. By: Ilyce Glink and Samuel Tamkin Q: My husband and I bought a new house a few years ago and are getting ready to sell our old house. With the sale of the [...]

When Can I Refinance After a Short Sale?

By | August 9th, 2013|

Knowing when you can refinance after a short sale is crucial. Generally you will wait two to three years before getting a new loan approved. By: Ilyce Glink and Samuel Tamkin Q: Thanks for all the good information you provide. About 18 months ago, I sold short an investment property. I would like to refinance [...]

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