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.
Low Credit Score Means Higher Interest Rate
A low credit score will lead to challenges when trying to get a home loan. The interest rate will depend on what kind of credit you're looking for. It's also possibly that you won't qualify for a loan with a credit score of 500.
Repair Credit Before Applying For Mortgage
Sometimes when you go through a divorce one partner lashes out at the other by running up credit card debt. If the credit cards are in both spouses' names it can be a real problem. What can you do post-divorce if you want to buy a home? If you're low on cash and your credit is bad, you should pay down down and raise your credit score in order to qualify for a mortgage.
Seller Financing Includes Deed Of Trust
A homeowner bought a seller financed home and the seller holds a deed of trust. She would like to transfer the seller financed home to her children, but the seller does not want to transfer the property to them. Ilyce surmises that the seller may be concerned about losing his interest on this investment property and discusses alternative ways of obtaining this property that started with seller financing.
House Passes FHA Revitalization Bill
As the Federal Reserve's Open Markets committee was meeting, the House of Representatives was busy working in Washington, DC. The House of Representa...
Taking Personal Responsibility for Your Home Purchase
Much of the mortgage crisis comes back to personal responsibility. In the heat of the moment, buyers rushed out to purchase homes they really couldn't...
Bankruptcy And Bad Credit Make Mortgage Difficult
After going through a divorce and bankruptcy you may find it difficult to keep making mortgage payments on a property that's not a primary residence, even if it's rented out. To prevent your credit from becoming more bad, you should try to keep making mortgage payments. Perhaps your former spouse, who's also paying part of this mortgage, can help you out until you have more income. Despite bankruptcy and bad credit, it's not a time to give up.
Today’s Mortgage Interest Rate Report
Interest rates nudged up only slightly over the past week, according to the new Freddie Mac Survey. The average cost for a 30-year fixed rate loan is ...
Lenders Wary Of Low Credit Score
A low credit score can make borrowing money for a home loan difficult. One solution for borrowers with bad credit could be FHA loans and credit unions. But if you have a low credit score, you should be doing everything you can to improve it.
Creating LLC For Rental Property
An investment property owner created an LLC to protect his assets and transferred the building to the LLC. Now he is worried that the mortgage company will call in the loan. As long as a lender obtains its payments and the property is insured, the lender may not find out that there has been a transfer of the title to a property. Your insurance company, of course, has to tell the lender that the policy has changed and that the new entity is the owner of the property. Ilyce and Sam explain why lenders call in loans after property has changed hands.