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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

Owing More Than Market Value Of Home

By | August 27th, 2004|

Owe more than your house is worth? When home debt exceeds home equity, it's a big problem. Economists have predicted this might happen more when consumer start tapping their home equity at the same time home appreciation tapers off or even stops. The best way to get on top of the loan is to spend a year or two making extra loan payments.

Financing The Best Car Deal

By | August 26th, 2004|

Do your research to negotiate the best financing deal for your new car. The best way to negotiate a great financing deal is to make your main decisions about the car that would be best for you before you go into the showroom and "fall in love" with a particular car. The internet can be one of your best friends before you work with a car dealer on the financing for the car of your dreams.

Cannot Pay Back a Loan – Is It My Fault?

By | August 20th, 2004|

A lender gives you money based on your ability to repay the mortgage. If you lose your job or even if someone lied on the appraisal or application doesn't excuse the fact that you borrowed the money and spent it. Now the lender who owns the rights to your mortgage has the right to be paid back, no matter how many "pennies on the dollar" he paid for the servicing rights to the loan. Who is to blame when a loan doesn't get paid?

Real Estate Scam: Condo Owner Scammed By Real Estate Company

By | August 13th, 2004|

The owner of a condominium believes she was scammed by a real estate company who bought her condo to get her out of foreclosure. In the scam, the condo owner never got most of the money she was supposed to get from the real estate company for the condo purchase. Ilyce recommends the condo owner get in touch with an attorney immediately to help her retrieve her money from the real estate company that scammed her.

Reverse Mortgage May Help In Retirement

By | July 23rd, 2004|

When you're in retirement you want a consistent, stable flow of income such as from a certificate of deposit. What should you do if your CD's rate of return can't match the income you need? You could move the money into a Roth IRA. But changing over to a Roth IRA may cause funds to be taxed at a higher amount than what would otherwise be paid on a year to year basis. Another alternative is a reverse mortgage.

Reverse Mortgages And Lender Liability

By | July 23rd, 2004|

If your neighbor has a reverse mortgage, can she and her mortgage lender be held responsible for criminal activity at the home? With a reverse mortgage or hecm, the mortgage lender pays the homeowner over time and the the lender is repaid when the home is sold. But even though the mortgage lender holds a lien on the home, it couldn't be held responsible for the criminal activity. The only one liable is the homeowner. But before a neighbor files a lawsuit, he should contact his local police department.

Refinancing Mortgage With Bad Credit

By | July 16th, 2004|

If you've got refinancing questions and want some great refinancing advice, you've come to the right place. In this article, Ilyce Glink assists a reader who wants to refinance an FHA loan and get a conventional mortgage to avoid PMI (private mortgage insurance). The reader's husband was laid off and his credit took a hit because of it, causing refinancing to be a problem.

Title Not Affected By Name Change After Divorce

By | July 9th, 2004|

When a woman gets divorced and marries for a second time her name may change. Does this name change affect the validity of a house title? No, a house title remains in effect regardless of which name you use. To ensure that a property be transferred to the correct heirs, it's important to go through estate planning including setting up a will.

Buying Rental Property With A Home Equity Loan

By | July 9th, 2004|

Can home equity loans be used to buy rental property? You can't write off the interest you pay on the home equity loan as a rental property expense. Once a loan is tied directly to the rental property, you can write off the interest and any costs associated with getting the property.

How To Determine Foreclosure Market Value

By | July 2nd, 2004|

When you're buying a foreclosure you'll likely bid on the property with the lender. How can you know how much cash to bid on a foreclosure? You'll want to bid something comparable to the foreclosure's market value. How can you figure out the market value of a foreclosure?

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