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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 Adjustable Rate Mortgage With High Interest Rate

By | May 2nd, 2007|

How do you refinance an adjustable rate mortgage (ARM) on a home that is not your primary residence, but has a high interest rate. Learn how interest rates are determined for mortgages that are not a primary residence. If the home is not your primary residence, but is a member of your family's, you may want to put their names on the mortgage in order to lower the interest rate.

Ownership Of Property Questioned During Divorce

By | May 1st, 2007|

Even if you are married, you can own title in your own name. You can also own title in the name of a corporation, partnership, limited liability company or even in a trust. As a general rule, property that is purchased during a marriage might give the spouse rights in that property. Whether the property was purchased in escrow probably doesn't matter. The escrow agent is only obligated to follow the instructions in the agreement to close the transaction and does not have a duty to advise the buyer or the seller as to the merits or pitfalls of the transaction.

Removing Name From Home’s Deed

By | April 22nd, 2007|

A woman is in the process of getting a divorce but is considering removing her husband's name from the home's deed before the divorce is final. Even though the woman says her husband abandoned her, he could still have rights to their home because his name is on the deed. A divorce attorney will help this woman move forward and protect herself during the divorce.

Assuming A Mortgage Under Foreclosure

By | March 24th, 2007|

Should you use a website service to find property listings to assume the mortgage. There is a difference between assuming a mortgage, and buying a house "subject to" the existing mortgage. Lenders' activity is changing in the current real estate market and assuming a mortgage could involve different conditions.

Appraising Home Before Divorce

By | March 20th, 2007|

A home seller thinks the appraised value of her home is too high compared to other homes in her neighborhood. She needs the appraisal to be correct to determine the equity in her home because she is going through a divorce. She should have the home re-appraised by an appraiser who knows the market conditions in her neighborhood.

Buying Home On Brink Of Foreclosure

By | March 16th, 2007|

Companies that promise foreclosure homes being sold cheaply are often a scam. There are people who have made a lot of money finding folks who are on the brink of foreclosure, can't sell their properties and are looking for a way out. Buying a foreclosure home can be pricey and may not be as attractive as ads make them out to be.

Divorce May Mean Changing Home Title

By | March 9th, 2007|

When a divorce occurs, it's important that the title be in the name of the person who will own the home going forward. And while the spouse who keeps the home may want the mortgage loan in only her name, it isn't critical to refinance to remove the other spouse's name. The spouse who no longer has any interest in the home should be the one requesting a refinance of the mortgage loan, not the spouse who continues to own and live in the home.

Is Now The Time To Refinance?

By | February 28th, 2007|

It's hard to predict if interest rates are going to go up or down, so it's tough to know the best time to refinance. The best strategy for refinancing is figuring our your options at today's rates and shopping around for a good lender.

Deed In Lieu Of Foreclosure Will Hurt Credit Rating

By | February 24th, 2007|

What are your options when you can no longer afford your mortgage and you haven't been able to sell your home? You may think you're facing foreclosure and a deed in lieu of foreclosure may be an option. Either a foreclosure or deed in lieu of foreclosure will hurt your credit rating or credit score. Another option, instead of a deed in lieu of foreclosure, may be a short sale.

Understanding Due On Sale Clause

By | February 16th, 2007|

Mortgage lenders often include a due on sale clause in the mortgage agreement. This homeowner would like to transfer his home to an LLC but is concerned the due on sale clause will be invoked. The idea behind the due on sale clause is that the lender was willing to give the loan to a specific owner of specific piece of property and if that owner sells the property, the lender is entitled to decide whether it wants to continue with the loan arrangement.

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