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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

Listing Price Includes Appraisal Results

By | June 17th, 2005|

How much should you sell your home for? Pricing a home is not easy but it pays to look at what the market prices are and other appraisal factors. Remember, you can always pick a listing price, see how it does, and reprice the home later if necessary.

Lender Baiting And Switching Mortgage Rate

By | May 27th, 2005|

A lender agreed to give a homeowner a certain interest rate when they signed a good faith estimate. Now the rate is higher and the borrowers are being told they never locked in the low rate with the lender. The lender may have pulled a bait-and-switch with the interest rate.

Reverse Mortgage for Elderly Parent

By | May 27th, 2005|

A reverse mortgage can be a good option for an elderly parent who has equity in her home but not much cash. If the parent is over 62 and owns her home, she would be eligible. The money would be doled out in a lump sum or monthly payments that would be paid back when the house is sold. A reverse mortgage is a good way for a parent to use her home's equity to enjoy her retirement.

Avoid Foreclosure Through Home Sale

By | May 27th, 2005|

How can you help out a relative who can't make mortgage payments? The relative could quit claim the property to you or sell it to you. Learn what to consider (including taxes) in deciding how to protect the property from foreclosure.

Housing Market Continues To Look Good

By | May 27th, 2005|

This spring the housing market continues to take off. Homes are rapidly appreciating and being sold at a record pace. Can the market keep up this pace?

House Foreclosed On Seller Prior To Closing

By | May 20th, 2005|

A home buyer was due to close on a house and the lender foreclosed on the seller. Can a deal be saved on a foreclosed home? The buyer should be sure to understand what is going on with the seller and the foreclosure before attempting to move forward.

“No Source, No Seasoning” In Mortgage Lending

By | May 6th, 2005|

"No source, no seasoning" is a term used in the underwriting process of mortgage lending. The mortgage lender's underwriter must make sure the prospective borrower has properly obtained the funds to buy a home. The mortgage lender also must ensure the home-buying funds have been in an account for some time.

Strategy For Improving Credit Score

By | April 15th, 2005|

A couple is planning on getting a new mortgage in a couple of years and wants to pay off credit card debt with a home equity loan. If you can trade non-deductible debt like credit cards for deductible debt like a home equity loan, it's usually the better deal. A home equity loan will charge less in interest than credit cards and you can write the interest you pay off on your federal income tax return.

Understanding Reverse Mortgages

By | March 4th, 2005|

The idea behind a reverse mortgage is to allow seniors age 62 and older to tap into the equity they have built up in their homes to augment their income or make necessary repairs to their home. You can either get the cash in a lump sum, or as a home equity line of credit, where you can write a check as need be, or as a stream of income.

Revocable Living Trust Versus A Life Estate Deed

By | February 25th, 2005|

What are the differences between a revocable living trust and a life estate deed. Life estates are quite different from a revocable living trust. The trust would name a beneficiary for property and the property would go into the trust. The life estate deed means you're given or sold property but allow someone the right to occupy it while she's still alive.

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