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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

Last Chance Refinancing With Low Rates

By | February 17th, 2003|

Many consumers have already refinanced their mortgages to take advantage of lowed interest rates. Some have refinanced twice, or even three times. But interest rates won't stay this low forever, so if you're ready to refinance, now is the time.

Reverse Mortgages For Seniors On Fixed Income

By | January 23rd, 2003|

A reverse mortgage can be a good option for seniors on a fixed income. A reverse mortgage allows a home owner over age 62 to use his home's value to get a loan in a lump sum or monthly payments. The home owner doesn't pay anything back on the reverse mortgage until he moves out or sells it. Several book and websites offer information on reverse mortgages and mortgage lenders.

Don’t Sign Anything You Don’t Understand

By | January 2nd, 2003|

A daughter is worried she signed onto her mother's mortgage loan when she refinanced several years ago. Not being sure what she signed, it's possible she became a co-borrower on the mortgage loan. Not knowing if she has a mortgage loan on her credit report is a good example of why you should never sign anything without understanding what it is.

Keep The Bank From Foreclosing On Your Home

By | October 8th, 2002|

In rough economic times, don't ignore your mortgage payments. If you're juggling the bills to get them paid, make sure you pay your mortgage first. And pay it on time. Once you start paying late, you begin to wreck your credit history and could rack up late fees and penalties, which will make it tougher to get back on top of your payments.

Home Loan Foreclosures Hit A Record High In September

By | October 1st, 2002|

Home lome loan foreclosures reached a 30-year high in September due to rising unemployment, stock portfolios and unexpected expenses. If you're worried about missing a mortgage payment and having your home go into foreclosure, here are some things you can do to keep your home and credit history safe.

Fannie Mae Restricts Refinancing

By | September 30th, 2002|

To reduce the number of mortgage loan refinancings, Fannie Mae instituted a fee. Fannie Mae's refinancing fee should offset the cost of people defaulting on their mortgage loans. In addition, Fannie Mae is limiting home owners to refinancing no more than once per year. Learn more about Fannie Mae's new refinancing policies.

Keeping Your Home Out Of Foreclosure

By | September 16th, 2002|

Although it may seem that lenders are quick to foreclose on a home, mortgage experts say foreclosure is an expensive, time-consuming process for lenders. If you are in danger of not making a payment to your lender, or if you are struggling to pay all of your bills, there are some ways you can avoid foreclosure and work out a different payment plan with your lender. The most important thing you can do is not avoid the problem; take action on your situation.

Mistake Homeowners Make When Refinancing Their Home

By | August 12th, 2002|

When you're a homeowner, offers to refinance your home come in every form possible. While it's easy to get excited at the idea of a lower interest rate, homeowners should still be cautious when finding the best way to refinance. Here are some of the biggest mistakes homeowners are making in their haste to nail down what they think is a good deal.

Refinance Or Ask Mortgage Lender For Interest Rate Change

By | June 19th, 2002|

When you apply for a mortgage loan you may decide to lock in the interest rate early on. As your closing date approaches the going interest rate for mortgages of your type may change. What can you do if the interest rate available at the time of your closing is lower than the rate that you locked in? You can either close on that loan and start the refinance process right away or you can ask your mortgage lender to lower the rate on the loan you're about to get.

Are Housing Prices A Bubble That’s Going To Burst Like The Stock Market?

By | May 21st, 2002|

Over the past five years, the average house has increased in value by more than 30 percent. Are housing prices a bubble that's going to burst like the stock market? But it's possible that we could continue to see house prices continue to go up in value.

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