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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 To A Negatively Amortizing Loan

By | January 5th, 2008|

When you refinance your mortgage loan, as when you get a new mortgage loan, you need to carefully read the loan documents. If you don't you could end up with a negatively amortizing loan, which means that your principal will increase as you make mortgage payments. It's critical to understand the terms of your new loan when you're refinancing.

Prevent Foreclosure By Paying Mortgage, Talking To Lender

By | December 28th, 2007|

Prevent foreclosure by paying the mortgage and talking to your lender if you're having a cash flow problem. When you do your budget, be sure to pay your mortgage first because that is your most important bill, and let your lender know you may need help. Some states put foreclosures on the fast-track, allowing your lender to send you a foreclosure notice withing 60 days of a missed mortgage payment.

Take Quick Action To Avoid Mortgage Crisis

By | December 22nd, 2007|

A mortgage crisis hotline may be the best bet for this homeowner to avoid foreclosure or a short sale. An adjustable rate mortgage (ARM) and a student loan has put her in a financial crisis, and taking the right steps could help her keep her home. The new FHA secure plan may be a solution to avoid further financial crisis.

Owner Financed Mortgage

By | December 8th, 2007|

An owner financed mortgage is not working for this home buyer. Ilyce suggests that this ThinkGlink reader work with a real estate attorney to understand her current mortgage and then refinance from a conventional lender.

Title Proves Home Ownership

By | December 4th, 2007|

Unlike for cars, states do not issues titles for property. The title you received when you bought your home proves that you own it, no matter whether it's a warranty deed, special warranty deed, trustee's deed or quit claim deed. When you pay off your mortgage you own your home in full and your lender removes its lien on your property.

Seller Financing Mortgages

By | November 18th, 2007|

Seller financing mortgages are becoming increasingly popular. Home sellers who are desperate and anxious about selling might want to try seller financing to get their home off the market. Traditionally, seller financing is easier and cheaper than going through a conventional mortgage lender.

Does Heir Pay Lien On Inherited Property?

By | November 15th, 2007|

A son inherited property from his father who had a judgment against him. A judgment may mean there is a lien on the property that the estate must pay. Generally, a lien does not go away when a person dies.

Mortgage Merge Accounts – HELOC

By | November 11th, 2007|

What's been the response to a letter on Mortgage Merge Accounts (MMAs)? Read these responses (edited for spelling and clarity) that help shed a little light on mortgage merge accounts and home equity lines of credit (HELOCs).

Seller May Cancel Sale Due to FHA Mortgage Requirement

By | October 29th, 2007|

When you buy a home with an FHA loan you have to follow their rules, including one where you can't close on a home if it was just sold 90 days earlier. If a seller is eager to sell he may not want to wait that long. Can the seller keep the buyer's deposit if the closing gets delayed or canceled?

Name On Title But Not On Mortgage

By | October 23rd, 2007|

Is it a big deal not to have your name on a mortgage? Not if your name is on the title to the home. Having your name on the title but not the mortgage ensures that you have property rights to a home but not financial responsibility. Regardless, you may decide to work with your partner to ensure that the home's expenses are paid on time and in full.

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