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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 Lenders And Refinancing: Finding The Best Deal

By | June 3rd, 2006|

There are several ways to find mortgage lenders who can give you the best deal on refinancing your home. The easiest thing to do is go online and search for mortgage lenders and what kind deals they are offering for refinancing. After you've narrowed your search to about 2 or 3 mortgage lenders you must do background checks and even visit their offices in person before making your final choice and refinancing your home.

Refinancing Mortgage On Inheritance Property

By | June 2nd, 2006|

How do you refinance the mortgage you receive as part of an inheritance? There are several options available you as the inheritor of real estate. You can refinance the mortgage or leave the loan as is, depending on the current interest rate.

Home Equity Loan Is Tax Deductible

By | May 13th, 2006|

Improving your home takes a lot of time and money. Ilyce helps a reader take advantage of the tax benefits of a home equity loan and suggests ways to save on taxes when selling a home.

Beware Of Zero Cost Mortgages

By | May 1st, 2006|

A homeowner has a 3-year adjustable rate mortgage and has heard about zero cost mortgages. When it comes to mortgages, deals that seem too good to be true probably are. If you want to refinance your mortgage, there are plenty of lenders who will refinance your loan without charging you points or fees upfront.

Loan Approval Letter Declined

By | April 25th, 2006|

A seller's potential buyer had a loan approval letter from the bank, that was later declined before the closing of the sale. The seller probably doesn't have any recourse for the sale falling out due to financing. When a lender approves a borrower for the purchase of a home, the lender will generally issue a commitment letter or an approval letter that specifically states the terms of the loan and certain conditions that need to be met by the closing date.

Loans Financing New Construction

By | April 18th, 2006|

There are several loans you can get to finance new construction. The loans you can get to finance your new construction include a construction loan and equity from an existing home. However, you must make sure you can make the payments on the loans financing your new construction, especially if you are planning to keep the current home you're living in. Without the sale of that home, you may not be able to afford loans that finance the new construction home you are building.

Refinancing When Interest Rates Are Climbing

By | April 11th, 2006|

Many homeowners who have adjustable rate mortgages are closing watching the rising mortgage rate. If you have a great rate, you should wait as long as possible to refinance. If you start paying down your loan quickly, you can help avoid a huge payment increase when it is time to refinance.

Owing Back Taxes After Foreclosure

By | March 28th, 2006|

After a home is foreclosed on, do you still owe the back taxes? You must determine if the foreclosure of the home and subsequent sale of the home by the lender produced enough cash to satisfy your debt to the lender. In some cases, lenders don't go after the difference from the borrower. However, in other cases, lenders keep will pursue that homeowner until they get all they can. A deficiency judgment would be the difference between what the lender got from the sale of the home and what you still owe the lender. The deficiency judgment gives the lender the right to continue to go after you for that amount of money.

Refinancing A Home For Repair And Estate Planning

By | February 28th, 2006|

Refinancing a home for repair and estate planning purposes can be a challenge for a person who is doing this for an elderly loved one. If the property is in the elderly person it's best to speak with a mortgage lender who specializes in loans to senior citizens, in order to refinance and repair the home. Speaking to an expert in this field can help the person decide whether to refinance and repair the home, or whether selling the home now would be the better option.

Reverse Mortgage Or HECM May Be Good For Elderly

By | February 28th, 2006|

Older Americans who own their homes outright may benefit from a reverse mortgage or HECM, where they'll receive monthly payments from the equity in their homes. Reverse mortgage or HECM lenders can advise on how much a reverse mortgage will cost in fees and the issues inheritance issues involved.

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