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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

Mortgage Delinquency Rates Spike in 2020 Due to COVID-19 Pandemic

By | September 10th, 2020|

Mortgage delinquency rates spike in 2020 due to COVID-19 pandemic. The latest loan insights show a 3.1 percent jump in overall delinquencies in just one year. Mortgage Delinquency Rates Spike in 2020 Due to COVID-19 Pandemic Having trouble paying your mortgage? If so, you’re not alone. Looking back in the early days of the pandemic, [...]

What You Should Know About Refinancing Your Mortgage Before Retirement

By | September 4th, 2020|

What you should know about refinancing your mortgage before retirement. Four things to consider when refinancing your mortgage before retirement. We recently received a long comment on one of our questions regarding a homeowner who was deciding whether to refinance their home before retiring. Our correspondent is a mortgage industry veteran of many years and [...]

How Do You Know If It’s Worth It to Refinance Your Mortgage?

By | August 7th, 2020|

How do you know if it’s worth it to refinance your mortgage? These homeowners want to know if they’re getting a good deal with their best offer. Q: When we bought our house, I read several of Ilyce's books and it not only empowered me to stand up to mortgage agents, it saved us tens [...]

How Can I Get Out of My Underwater Mortgage?

By | July 24th, 2020|

How can I get out of my underwater mortgage? If my mortgage is underwater and the home is in disrepair, can I let the bank foreclose and move on?  Q: I am a widow in my 70s and my mortgage is underwater. In addition, the house is in need of much repair. Can I just [...]

Pros and Cons of Buying Your Parents’ House

By | June 26th, 2020|

Pros and cons of buying your parents’ house. You can buy it if they can’t afford the mortgage, but then they lose the equity in the home. Q: My parents owe about $500,000 on a mortgage and home equity loan for a property that’s worth around $900,000. They want to stay in the home, as [...]

Can a Non-Citizen Buy a House in the U.S.?

By | June 26th, 2020|

Can a non-citizen buy a house in the U.S.? Yes, this is how a non-citizen can buy a house in the U.S. and a few things they should consider. Q: I am not a U.S. citizen, but my daughter is married to a U.S. citizen and will have her green card shortly. Another one of [...]

Should I Refinance to a 15 or 20 Year Mortgage?

By | June 12th, 2020|

Should I refinance to a 15 or 20 year mortgage? This reader wants to live mortgage-free and both refinanced term lengths offer significant interest savings. Q: We took out a mortgage in 2011. It’s a 30-year with an interest rate of 5.125 percent. Our expected payoff date is 2041, but we’ve been paying biweekly. We [...]

Understanding COVID-19 Homeowner Relief Resources

By | June 12th, 2020|

Understanding COVID-19 homeowner relief resources. How to find coronavirus relief for homeowners offered by mortgage lenders, banks and the government. There’s a lot of confusion about what types of coronavirus relief resources are available for homeowners and who’s eligible for them. Over 60 percent of homeowners have no knowledge of COVID-19 resources or are unsure [...]

Is It Smart to Prepay Your Mortgage?

By | April 14th, 2020|

Is it smart to prepay your mortgage? These are the three different approaches to paying your mortgage that work for homeowners and investors.  Q: I'm 83, have no mortgage, pay my credit cards in full each month and have no car payment. When I first started out in 1961, I bought a 52 chevy for [...]

Coronavirus Homeowner Relief Resources 2020

By | March 27th, 2020|

Coronavirus homeowner relief resources 2020. How lenders are helping homeowners who can’t make their mortgage payments because of the coronavirus. Coronavirus Homeowner Relief Resources 2020 This week, the government took steps to try to ensure millions of Americans wouldn’t lose their homes, cars, and credit due to the Coronavirus pandemic. Fannie Mae and Freddie Mac, [...]

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