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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

Refinancing with Quit Claim Deed? Consider Other Options

By | December 17th, 2012|

If you are trying to refinance by using a quit claim deed, you should consider whether inheriting the property would be a better option. Q: We prepared and filed a quitclaim deed transferring my father’s house to me so we could refinance to get some cash for my father from the equity of the home. [...]

Retiring with a Mortgage: Should You Get Insurance to Cover Unemployment?

By | December 15th, 2012|

When retiring with a mortgage, you should really think about whether downsizing would make more financial sense. Q: I currently have 10 years left on my home mortgage of about $200,000 and I am 64 years old.  I plan to work past 70, but I am concerned that my job might disappear or that I [...]

Adding Children’s Names to House Title and Deed

By | December 11th, 2012|

Adding children's names to house title and deed. How it can affect your property taxes, income taxes and real estate taxes. Q: I currently own a home that is paid in full, with no mortgage. I want to add the name of my daughter to the house deed. Would you be able to tell me [...]

Gifting a House to a Relative

By | December 10th, 2012|

Gifting a house to a relative will affect your income tax and real estate property tax. Know the consequences of gifting vs. inheriting. Q: I thought you might have said on your radio show that you didn't advise giving a home away. My uncle is thinking of giving me an old house, but I didn't [...]

How Do I Calculate Property Cost Basis?

By | December 3rd, 2012|

When calculating your property cost basis, it is recommended you speak with an accountant to correctly determine the purchase price between the land and home. Q: We purchased a single 22-acre parcel in late 2004.  In order to refinance this year, we had to split the single parcel into a 4-acre parcel that contains our [...]

How Do I Check for an IRS Property Tax Lien?

By | November 29th, 2012|

To check for an IRS Property Tax Lien, you can use the Internet. Each state's method of filing IRS tax liens will differ slightly.  Q: How can I check for an IRS property tax lien using the Internet? I am housebound and can't get to the county courthouse. A: While you might not be able [...]

Loan Modification Programs for Underwater Mortgage

By | November 28th, 2012|

If you don't qualify for any loan modification programs and have an underwater mortgage, you might not want to walk away but instead consider a short sale. Q: I have been forced into retirement as I can't find a job with my skills inventory. That means I have to live on a fixed income of [...]

Mortgage Lenders Cracking Down on Single-Family Rentals

By | November 26th, 2012|

Have you moved and decided to rent out your old house rather than sell it at today’s depressed prices? Are you renting out your vacation property? Did you buy a foreclosure or short sale with a residential mortgage and—after you fixed it up—begin renting it out while waiting until you can sell it and make [...]

Tips on How to Find a Commercial Real Estate Lender

By | November 23rd, 2012|

Tips on How to Find a Commercial Real Estate Lender Here are a few tips on how to find a commercial property real estate lender and other ways to get financing if you are denied a home loan. Q: I have been investing in real estate since late 2009. My business partner and I have [...]

Mortgage Interest Rates Reach New Lows Says Freddie Mac

By | November 21st, 2012|

Fixed mortgage interest rates dipped to new lows for the second consecutive week, according to the latest data from Freddie Mac. Low fixed mortgage interest rates are keeping borrowing costs down and home affordability high, but also indicate the housing market is struggling as it continues to make a sluggish recovery. Frank Nothaft, vice president [...]

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