Mortgage & Finance Archives | Page 61 of 80 | ThinkGlink
questions@thinkglink.com
TwitterFacebookLinkedinYoutube

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

Dangers Of Co-Signing A Mortgage

By | July 29th, 2006|

When you co-sign a mortgage or "lend" a signature to a family member or friend, you are really saying that you will be responsible for the entire mortgage, should your friend or family member default on the mortgage. Many people don't understand the true implications of "lending" a signature -- and how their actions can destroy in a few short months the fine credit history you've built up over decades.

Real Estate Minute: Online Appraisals

By | July 13th, 2006|

Real Estate Minute with Ilyce Glink Does an online appraisal replace a real one? Original Air Date: July 13, 2006

Homeowner’s Foreclosure Help Comes From Non-Profit

By | July 12th, 2006|

Homeowners can get foreclosure help from many areas. The most important thing for a homeowner who may be thinking about starting the foreclosure process is to talk to their mortgage lender about why they can't pay their mortgage loan. The homeowner may find other places to protect them from foreclosure including a non-profit organization.

How To Buy Foreclosures

By | July 6th, 2006|

Is buying foreclosure property a good way to break into real estate investing? Buying foreclosure property is getting increasingly popular, but chasing a foreclosure fortune isn't as easy as some make it sound. Timing and local market conditions are important to entering the foreclosure-buying business.

Paying Off Home Equity Loan

By | July 5th, 2006|

A homeowner was unable to contact her home equity lender to get a final pay off amount, so she stopped paying on the loan. She stopped making payments assuming that the company would contact her. This method only hurts her, and she will end up ruining her credit history or going into foreclosure without any warning from the mortgage lender. She needs to try harder to get the contact information, and resume making her payments.

Divorce Requires Home Loan Refinance

By | June 30th, 2006|

In order to get your name off a mortgage loan, the loan must be refinanced. When you go through a divorce and divide up assets, including a home, you have to refinance so that the spouse who gets the home becomes solely responsible for paying the mortgage. Refinancing may result in one spouse buying out the other, but the spouse who is being bought out should not have to incur more debt for that to happen. Taking out a separate home equity loan has nothing to do with refinancing. In addition to refinancing, the spouse who is giving up the home should also sign a quit claim deed.

Fake Appraisal Constitutes Real Estate Fraud

By | June 27th, 2006|

When you sell your home an appraiser will conduct an appraisal to help the lender determine how much of a mortgage loan to grant to the home buyer. It's illegal for a home buyer to get a mortgage in excess of the home's sale price, especially if the mortgage loan is based on an inaccurate appraisal. When the home buyer wants the home seller to return some of the mortgage loan money it may become fraud. In a situation such as this it's critical for the home seller to contact an attorney.

Quit Claim Deed Leads To Capital Gains Tax

By | June 18th, 2006|

When you receive ownership to a property through a quit claim deed, you also get the property at the cost basis that the previous owners had. This may lead to capital gains taxes when you sell the home. To know how much capital gains tax you will owe, contact a tax preparer such as an accountant or enrolled agent.

Canceling PMI on Investment Property

By | June 17th, 2006|

With an investment property, as with most other kinds of property, you must pay for PMI (private mortgage insurance) when you don't make a large down payment or have a lot of equity in the property. The rules rules regarding PMI differ between owner occupied property and investment property. With an investment property, your best bet is to pay the mortgage down to 20 percent then cancel your PMI.

How To Finance Home Repairs

By | June 8th, 2006|

A homeowner is having repairs made to her home costing a large amount of money and considering using the equity in her home instead of cash. The cash can be used to make the repairs and an equity loan or line of credit can be open for emergencies. It makes more sense to use cash earning little interest than to take out a home equity loan at a much higher percentage.

see more posts

Archives

Recent Tweets