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.
Refinancing To A Negatively Amortizing Loan
When you refinance your mortgage loan, as when you get a new mortgage loan, you need to carefully read the loan documents. If you don't you could end up with a negatively amortizing loan, which means that your principal will increase as you make mortgage payments. It's critical to understand the terms of your new loan when you're refinancing.
Prevent Foreclosure By Paying Mortgage, Talking To Lender
Prevent foreclosure by paying the mortgage and talking to your lender if you're having a cash flow problem. When you do your budget, be sure to pay your mortgage first because that is your most important bill, and let your lender know you may need help. Some states put foreclosures on the fast-track, allowing your lender to send you a foreclosure notice withing 60 days of a missed mortgage payment.
Short Sale Real Estate Investor’s Only Option
A real estate short sale may be the only option for this new real estate investor. Many new real estate investors did not anticipate the down turn in the market and now owe more on a property than it is worth and are being forced to negotiate a short sale. If the mortgage lender accepts the short sale, the real estate investor may still be required to pay out of pocket for other expenses.
Owner Financed Mortgage
An owner financed mortgage is not working for this home buyer. Ilyce suggests that this ThinkGlink reader work with a real estate attorney to understand her current mortgage and then refinance from a conventional lender.
When To Pay Off Mortgage Loan
Home owners wonder when is a good time to pay off their mortgage loan. They have saved money to pay off their mortgage loan. They also want to get a new mortgage loan for a new home.
Mortgage Merge Accounts – HELOC
What's been the response to a letter on Mortgage Merge Accounts (MMAs)? Read these responses (edited for spelling and clarity) that help shed a little light on mortgage merge accounts and home equity lines of credit (HELOCs).
Mortgage Merge Accounts
The money-merge account is as essential to one's financial planning as a dashboard is to driving. The money-merge account is your financial dashboard. The money-merge account does much more than accelerate your mortgage payment, it helps you manage your finances to the penny, and will track every penny you spend, adjusting your pay-off accordingly.
Calculating Capital Gains
A homeowner bought his parents' house for $10 and wants to know what his tax burden will be. The IRS views the profit on the property as the sales price minus the $10 and any costs to sell or improve it, so he will pay taxes on a large profit. Since it is investment property, he'll owe long-term capital gains taxes on the profit.
Money Merge Accounts Not A Wise Idea
If you want to spend $3,500, you’ll learn how you can merge your money into one account: a money merge account (MMA). Money merge accounts claim to help you pay down your mortgage faster. But there are ways to do that without buying into a money merge account.
Name On Title But Not On Mortgage
Is it a big deal not to have your name on a mortgage? Not if your name is on the title to the home. Having your name on the title but not the mortgage ensures that you have property rights to a home but not financial responsibility. Regardless, you may decide to work with your partner to ensure that the home's expenses are paid on time and in full.