Mortgage & Finance Archives

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

Reverse Mortgage

By Ilyce Glink| 2001-04-18T00:00:00-05:00 April 18th, 2001|

Reverse Mortgage WGN-TV Show Notes -- April 18, 2001 ANCHOR: Wondering whether a reverse mortgage will help someone you love? ANCHOR: Money and re...

Refinancing Condomimium Soon After Purchase

By Ilyce Glink| 2001-03-01T00:00:00-06:00 March 1st, 2001|

A new condominium owner wonders if it is too soon to refinance. Ilyce states that it is never too soon to refinance, after purchase. The important thing is to figure out how much the refinance is going to cost you out of pocket and how long it will take you to recoup those expenses.

Avoid PMI With Home Equity Loan

By Ilyce Glink| 2017-08-17T11:26:21-05:00 February 28th, 2001|

When you can't afford to put a 20 percent down payment on a home purchase you usually have to pay for private mortgage insurance (PMI). One alternative to PMI is to take out a second mortgage or home equity loan at the time that you buy the home. Watch out for variable or fixed rates on the home equity loans and go with a lender with a lot of experience making these kinds of loans.

Drop PMI With Or Without Refinancing

By Ilyce Glink| 2017-08-17T11:25:34-05:00 February 28th, 2001|

After you've paid down a certain amount of your mortgage loan and have earned enough equity in your home you should be able to stop paying private mortgage insurance (PMI). To find out how to drop PMI, call your mortgage lender and ask about the process. Dropping PMI may or may not involve refinancing the mortgage loan.

Refinancing To Eliminate PMI

By Ilyce Glink| 2017-08-17T11:26:08-05:00 February 28th, 2001|

A homeowner wonders if they should refinance their 7 percent mortgage to eliminate the PMI. Ilyce does think they should try to refinance out of the PMI, but go for a no-cost mortgage. They should also consider changing the type of loan so that they can maximize your savings.