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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

What To Do When Your Home is Overvalued by Your Homeowner’s Insurance Company

By | January 18th, 2019|

What to do when your home is overvalued by your homeowner’s insurance company. Hint: You may want to consider changing companies. Q: Every year, I get a renewal notice from my homeowner's insurance company and it indicates the value of my home. The insurance company lists my residence value at over $700,000. I understand that [...]

Is Refinancing Your 30-Year Mortgage Really a Good Decision?

By | January 10th, 2019|

Is refinancing your 30-year, or 15-year, mortgage really a good decision? Depending on the market and refinancing fees, this change may save you a bundle!         Q: If you have a fixed rate mortgage why would you ever want to refinance if you plan to stay in the home for the duration of the mortgage? [...]

What Happens to Real Estate When the Government is Shut Down?

By | January 9th, 2019|

What happens to real estate when the government is shut down? Fannie Mae released temporary guidelines for loan processors to assist federal workers and contractors during the government shutdown. Homebuyers, lenders and real estate agents might experience closing delays as the U.S. partial government shutdown continues. And, there’s nothing that increases personal and financial stress [...]

Do You Need to Renovate an Old Inherited Home Before Selling?

By | January 4th, 2019|

Do you need to renovate an old inherited home before selling? The first step to deciding involves speaking with a local real estate broker to lay down the numbers. Q: Our sister recently passed away leaving the family home that mom left her six years ago. She had no will and left outstanding debts as [...]

Real Estate Challenges and Opportunities for 2019

By | December 20th, 2018|

Real estate challenges and opportunities in the New Year. Whether you’re buying a home, selling a home, or investing in real estate here’s what you need to know about the housing market in 2019. As we start 2019, there are some important changes that you need to know about, starting with the increased loan limits [...]

How Is My Homeowner’s Insurance Premium Determined?

By | December 20th, 2018|

How is my homeowner's insurance premium determined? Homeowners Insurance pricing is complicated making it difficult to choose the best policy. Q: We put in a bid on a 1920s home in the Chicago area for $275,000. I called my insurance company to get a quote and they told me it would cost around $1,800 a [...]

How are Homeowners Association Fees Determined?

By | November 30th, 2018|

These homeowners want to know how their homeowner association fees are determined for a large neighborhood that restricts access to some areas the association maintains. Q: Hi, I enjoy reading your column in our local newspaper. I live in a homeowner’s association that is aggressive. We have around 250 homes and some of the homes [...]

How to Decide if a Home Equity Loan is Right For You

By | November 30th, 2018|

How do you decide if a home equity loan is right for you? An honest look at your current debts and a talk with your mortgage lender may be able to help. Q: We’re thinking that we don’t want to move forward with a home equity loan we applied for. We’re pretty far along in [...]

Why You Need to Shop for Your Mortgage Lender

By | November 19th, 2018|

Why do you need to shop for your mortgage lender? Whether you have reservations or the rate feels too high, shopping around will help get you a better deal. Q: I applied with my daughter for pre-approval on a loan with a mortgage company. I applied several months ago and the lender never notified me [...]

How to Fix an Error on Your Home Deed

By | November 19th, 2018|

How to fix an error on your home deed: Even if the home deed error seems minimal, spend time to correct the error quickly. Q: My deed contains an error. Instead of one of the property lines being described as running "south westerly 146 feet,” it reads "south easterly 146 feet." For purposes of selling [...]

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