Mortgage & Finance Archives

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

Principal Reduction During Loan Modification?

By Ilyce Glink| 2017-10-05T16:09:54-05:00 August 5th, 2012|

You may not get a principal reduction during loan modification. A principal reduction would not wipe out fees and interest from your loan. Q: My lender told me I do not qualify for principal reduction on the loan I have with them. I contend that I am not asking for principal reduction but, rather, I [...]

Is Strategic Default on Rental Property a Good Idea?

By Ilyce Glink| 2017-10-05T16:12:33-05:00 July 27th, 2012|

If you don't qualify for refinance, you may be stuck with the property - a strategic default on rental property will lead to foreclosure. Q: My question is regarding a strategic default on a rental property. As with almost all homes, my townhome is underwater by approximately $100,000. I live in Maryland and my wife [...]

Foreclosures Move North to Changing Markets

By Ilyce Glink| 2017-09-25T11:40:59-05:00 June 21st, 2012|

The national foreclosure nightmare is moving north, away from the four states that traditionally have accounted for most defaults and toward markets that heretofore have avoided the brunt of foreclosures and the economic and social problems they cause. Here are some foreclosure factoids based on recent data from RealtyTrac that might surprise you: In April, [...]

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Dividing Joint Property When Co-owner Died Without a Will

Dividing Joint Property When Co-owner Died Without a Will

By Ilyce Glink| 2022-09-18T10:06:55-05:00 June 12th, 2012|

Dividing joint property when a co-owner dies without a will depends on whether title was held in joint-tenancy or tenants in common. Q: I own a home jointly but the other owner passed away without a will. His family has filed a suit to partition and insists that if I don't buy them out they will [...]

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How to Divide Inherited Property

How to Divide Inherited Property

By Ilyce Glink| 2022-09-18T12:00:05-05:00 May 25th, 2012|

How to divide inherited property. There are several ways to divide real estate inheritances without resorting to lawsuits between heirs. Q: I have an interesting situation. My aunt recently died and left behind an estate which includes a luxury condo in Illinois. My aunt had no family of her own, and left 40 percent of [...]

Home Prices Still Falling

By Ilyce Glink| 2017-09-13T09:34:55-05:00 May 10th, 2012|

Home prices still falling and that continues to have an impact on the housing market. CoreLogic is interpreting the data positively but the implementation of the $26 billion dollar mortgage settlement means more foreclosures are coming to weigh down home values. CoreLogic a leading provider of housing market and real estate trend information released its [...]

Avoid Foreclosure Scams with These Official Resources

By Ilyce Glink| 2017-09-25T11:45:22-05:00 May 4th, 2012|

In the wake of the Great Recession and the damage done to the real estate market, many homeowners have an underwater mortgage or facing foreclosure. The government has set up programs intended to help, but unfortunately many scammers have also jumped on the bandwagon. According to the Homeownership Preservation Foundation (HPF), an independent national nonprofit [...]

Spring Real Estate Market Predictions and News

By Ilyce Glink| 2017-09-25T11:47:44-05:00 April 19th, 2012|

There’s a lot happening in the real estate market these days, and the jury’s still out on whether or not we’re in a real recovery. Foreclosure rates remain high despite a national dip in foreclosure activity, and the mortgage industry continues to struggle. To top it off, the $25 billion settlement between the states and [...]

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Cancelling Credit Cards to Get Cash Out Refinance

Cancelling Credit Cards to Get Cash Out Refinance

By Ilyce Glink| 2022-04-26T16:55:31-05:00 March 22nd, 2012|

Cancelling Credit Cards to Get Cash Out Refinance. You have an excellent credit score, great credit history, plenty of equity, and yet lender wants borrower to cancel many of his credit cards to qualify for a refinance. Q: I have a situation in my mortgage refinance process and need your advice. My lender wants me [...]

Loan Scam Red Flags For Homeowners

By Ilyce Glink| 2017-09-25T11:52:19-05:00 March 12th, 2012|

As more homeowners are struggling with buying a home, selling a home, or facing foreclosure, they’re more at risk for a loan scam. Watch out for these red flags for home loan and mortgage loan scams. If people are desperate, they will be willing to give money to someone that is selling an idea [...]

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