A mortgage loan, 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 loan questions and help you find the right mortgage loan for you.
Pacman Jones Loses Home to Foreclosure
Former Tennessee Titan football player Pacman Jones, who recently said he wants to be called Adam, will lose his Nashville area home on June 27, when ...
Seller Providing Down Payment Is Mortgage Fraud
Lenders want to see buyers put down their own down payment, otherwise it could be seen as mortgage fraud. There are legitimate ways for a seller to assist a buyer in the purchase of a home and avoid possible fraud. Some loan programs will allow a seller to contribute 3 percent or even 5 percent of closing costs that might be paid by a buyer.
Beware Of Those Who Promise To Save Your Home From Foreclosure
The Department of Justice today announced that eight people were indicted for $35 million of mortgage fraud in Maryland. You can likely find their na...
Jose Canseco Loses His Home To Foreclosure Too
When I was growing up in the late '80s Jose Canseco was revered for being one of the Oakland A's powerful baseball sluggers along with Mark McGwire an...
Estate Planning Includes Transferring Title To Real Estate
As parents, you may decide you want to pass on your real estate holdings to your children. To figure out the right way to pass along property, without incurring excessive taxes or mortgage liabilities, you should do some estate planning with the help of an estate attorney and accountant. When you change the title of a property to the name of your children without proper planning the cost basis becomes the property's original value as opposed to that on the day of your death.
Prepaying Mortgage Loan
A homeowner asks about prepaying her mortgage loan. She says she has paid extra on her mortgage loan every month and has reduced her loan. Her goal is to pay off her 15-year mortgage loan in five years. What will it take to do that?
Ed McMahon Facing Foreclosure?
Say it ain't so. Former Tonight Show sidekick and Publisher's Clearinghouse $10 million giveaway boy Ed McMahon is facing foreclosure on his Mulholl...
How Much Mortgage Fraud?
The FBI released its annual report (http://www.fbi.gov/publications/financial/fcs_report2007/financial_crime_2007.htm) on the state of financial crime...
HELOC Better Idea Than Second Mortgage
Homeowners ask about getting a second mortgage or a HELOC since they will own two homes if they cannot sell their current home right away. A HELOC is a home equity line of credit. The homeowners say they can repay the HELOC as soon as the first home sells. Getting a HELOC instead of a second mortgage is a good idea.
Mortgage Requirements Stricter For First Time Home Buyers
Mortgage requirements have become stricter for first time home buyers. Lenders have tightened credit requirements for first time home buyers, making it more difficult to qualify for a mortgage loan. To qualify for a mortgage loan, first time home buyers need a credit score of at least 660 unless they try for an FHA loan.