Mortgage & Finance Archives | Page 64 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

Use Home Equity Loan To Pay Off Timeshare

By | November 28th, 2005|

A timeshare owner is enjoying their property, but not their 17% interest rate. Taking money out of their home equity to pay off the timeshare or getting a personal loan are better solutions. A home equity line of credit or a home equity loan would cost anywhere from 6.5 percent to 9 percent.

Refinance Balloon Loan? Or Pay Off With Equity From Primary Residence?

By | October 24th, 2005|

Can you refinance a balloon loan on a second property and if you are worried that interest rates are going up and that he should refinance before the loan comes due. Ilyce Glink suggests waiting to refinance until the balloon loan is due. You could also pay off the balloon loan with equity from your primary residence.

Paying Off The Cost Of Refinancing

By | October 3rd, 2005|

Being smart about refinancing isn't about picking an arbitrary time in which you'll pay off the loan. It's about breaking even before you sell the home or refinance your loan again. If you can save money starting tomorrow through financing, refinancing is a no-brainer. But once you get to the point where it takes 12 to 24 months to pay off a refinance, you risk losing money on the deal.

Paying Points When Refinancing

By | October 3rd, 2005|

When taking out a first mortgage or refinancing, you may want to consider paying "points." A "point" is one percent of the loan amount, typically paid in cash to the lender as a fee. There are several different kinds of points. There are "discount points," where every point you pay lowers your interest rate by a certain amount. The lender may charge you a point or two as a flat fee as well.

Reverse Mortgage Can Provide Retirement Money

By | September 26th, 2005|

A reverse mortgage can allow you to tap the equity in your home without having to sell it or take on another loan. Reverse mortgages or HECMs are commonly used by older Americans in retirement. A reverse mortgage can supplement other retirement income from investments and Social Security.

Reverse Mortgage Loan Provides Extra Income

By | September 26th, 2005|

A reverse mortgage may be a way to obtain some extra income, especially if you're elderly or retired. A reverse mortgage lets you get the equity out of your home without having to sell it or take on another loan such as a home equity loan. Learn who might be a good candidate for a reverse mortgage, or HECM.

Reverse Mortgages Versus Conventional Loans

By | September 26th, 2005|

Reverse mortgages differ from a regular mortgage in that instead of making monthly payments to the lender - the lender makes payments to you.

What Are Reverse Mortgages?

By | September 25th, 2005|

What are reverse mortgages? How do reverse mortgages work? A reverse mortgage is a mirror image of a regular mortgage.

Buying A Home Before Foreclosure

By | September 9th, 2005|

A buyer almost purchased a home but the deal fell through due to fraud. The buyer is still interested in the home but is worried that the home will now go into foreclosure. A lender can't transfer title of a home unless it has good title to the home. If the lender does not have a good title to convey to the buyer, the only way to obtain title is to foreclose on the home.

Automobile Lease Affects Mortgage Loan

By | September 2nd, 2005|

When you apply for a mortgage loan, the mortgage lender will look at all of your debt, including student loans and credit card debt. If you lease a company automobile and it's in your name, that could also affect your mortgage loan application. Aside from the way the company automobile may be considered part of your income, it helps to pay down credit card debt to qualify for a mortgage loan.

see more posts

Archives

Recent Tweets