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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

Is The Foreclosure Crisis Over?

By | May 31st, 2013|

  Is the foreclosure crisis over? Home prices are rising, but there are still too many foreclosures to be a normal housing market. It depends on where you stand. Is this your reality? The housing market is on an upswing. Mortgage interest rates are still low, home prices are rising dramatically, and the stock prices of companies [...]

Wrong Address on Mortgage Documents

By | May 24th, 2013|

Got the wrong address on your mortgage documents? Don't worry too much about a typo on your mortgage documents. Q: My mortgage documents list my property address incorrectly. It's a small typo. The lender misspelled the name of my street. Will this cause me problems when it comes time to sell my property? I can’t [...]

Joint Mortgage Payment Problems

By | May 18th, 2013|

Joint mortgage payment problems can stem from one of a few things. Be sure to know who owns what and what percentage of property each owner owns. Q: I hope you can help me out with the following problem: My husband owns 50 percent of this house. The other 50 percent belongs to another couple, [...]

Should You Prepay Your Mortgage?

By | May 17th, 2013|

Many people wonder if they should prepay their mortgage. Prepaying a mortgage isn't the best thing for everyone and requires financial planning.  Q: I enjoy your articles but I think you left out a couple of extremely important items in your questions to ask about taking out a mortgage loan. In some states, prepayment penalties [...]

Paid Off Mortgage Documents: What Do You Need?

By | May 10th, 2013|

Paid off your mortgage? To get documents showing your mortgage is paid off, check with your lender for a paid-in-full letter. Q: In your recent Real Estate Matters column you said that when you pay off your mortgage you should receive -- among other things -- the original note marked "paid" or shown with a [...]

Buying a Home? Mortgage Standards You’ll Need to Consider

By | May 6th, 2013|

A major cause of the housing crash in 2006 and 2007 was poorly documented mortgages that should not have been approved. Many of these mortgages ended in default and contributed to the four million foreclosures that cost families their homes and lowered home values by 50 percent or more in some communities. Mortgage lenders that [...]

Lowest Mortgage Rates In History | Think Glink

By | May 4th, 2013|

Ilyce Glink talks about how we have the lowest mortgage rates in history and what this means for the economy. It’s difficult to believe that mortgage interest rates are now officially at the lowest point in history. Or, at least history as defined by the Freddie Mac, which has been keeping track of 15-year fixed [...]

Missed a Mortgage Payment? How it Affects Your Credit Score

By | May 4th, 2013|

If you missed a mortgage payment, you might want to know how it affects your credit score. Missing mortgage payments can hurt your credit score. Q: I met Ilyce at a speech she was giving last year about financial planning and retirement. Last week, I was laid off by the company that sponsored the speech. [...]

Loan Modification Process | What to Do if You’re Rejected

By | May 3rd, 2013|

The loan modification process can be very frustrating. If your loan modification is rejected, consider selling your house in a short sale. Q: We are currently underwater on our primary home mortgage. Our mortgage has been modified twice and all payments were added to the back of mortgage. Our loan was once $216,000 and the [...]

Prepayment Penalty | Do Lenders Allow Mortgage Prepayment?

By | April 27th, 2013|

Wondering if your lender allows mortgage prepayment? Most lenders today have stopped carrying out mortgage prepayment penalties. Q: You recently answered a question about a rental property owner deciding whether to refinance into a 15-year vs. a 30-year loan. I bought my house in 1976 for $70,000 with a 30-year loan where the mortgage payment [...]

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