When choosing a good mortgage lender, whether you choose a mortgage broker or a mortgage banker, you’ll want someone who can do the job right. Finding a lender who will take the time to make sure you understand the different loan programs being offered, and will help you decide which loan best meets your needs is key to having a smooth closing. Check out the articles, columns, blog posts, radio shows and videos for more information about mortgage lenders.
Don’t Pay Fee To Enroll In Mortgage Payment Program
When you buy a home with a mortgage you may decide you want to pay off your mortgage as quickly as you can. One way to pay off your mortgage sooner is by enrolling in a program that enables you to make additional early payments. But you can also pay off your mortgage early without enrolling in a program and simply sending in payments on your own. Learn what to watch out for when prepaying your mortgage loan.
Credit History, Credit Score Determine Best Credit Card Deals
Your credit history and credit score determines the best credit card deals a consumer can get. Lenders treat your credit report and credit history as a running score of your financial life, and use that to decide whether you're worth the risk for a credit card, car loan or mortgage. Clean up your credit score and build a good credit history in order to get the best credit card deals for you.
Identifying Predatory Mortgage Loans And Lenders
What is predatory lending?
Mortgage Payments On Credit Report
Does your mortgage or mortgage payments show up on your credit report? A history of on-time payments could help improve your score, but sub-prime lenders may not be reporting your score.
Stop PMI Payments And Refinance
When you buy a home and lack money for a substantial down payment you have to buy private mortgage insurance, or PMI. Once you have made enough mortgage payments and have at least 22 percent equity in your home, you can stop paying PMI. To determine how to stop paying PMI and whether you should refinance, you should contact your mortgage lender and also shop around.
Mortgage Loan You Take With You When Buying A Home
What if you could take your mortgage loan with you each time you bought a different house? In 2003, E-Trade offered a portable mortgage loan - a fixed rate loan for mortgage borrowers who have good credit. Learn how a portable mortgage loan works when you're buying a home.
Financial Books For Fun In The Sun
Ready to stock up on summer reading? These book picks will get you geared up for real estate investing, mortgage secrets and protect you from the dreaded bait-and-switch.
How To Cancel PMI
If you didn't put down 20 percent in cash on your home, you're probably paying private mortgage insurance, also known as PMI, and you're wondering how to get rid of it. A lender will be able to tell you what specific steps to take to cancel PMI. Lenders must automatically cancel your PMI once you've reached 22 percent equity based on your original home loan and sales price.
Mortgage Loans: Getting Prequalified To Buy A Home
Before you can apply for a mortgage loan and buy a home, you have to get prequalified. Getting prequalified for a mortgage means having a lender analyze your assets and income stream, so he can decide whether to approve you to apply for a mortgage. Having all your documents ready ahead of time will speed the prequalification process up so you can apply for a mortgage loan and buy a home.
Buying A Home: Prepare Final Documents For Mortgage Approval
When you're in the final stages of buying a home, prepare the final documents you need for mortgage approval. Most people don't realize all the detailed documents that are necessary for mortgage approval when buying a home. Not having all the final documents available can delay mortgage approval and ultimately the home buying process.