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.
ARM Mortgage Rates Increase
What can you do when the introductory rate on your adjustable rate mortgage (ARM) is expiring? You need to understand what index your ARM mortgage is tied to and how the rate will change after the introductory period. You can then decide whether to refinance your ARM mortgage with a different interest rate.
Mortgage Lenders Use Ratios To Set Mortgage Amount
Are you applying for a mortgage? Mortgage lenders use a variety of ratios including the front-end, back-end and loan-to-value ratios to determine if you can afford the mortgage. Learn how these ratios are used to assess your ability to pay back a mortgage.
Understanding Reverse Mortgages
In general, a reverse mortgage is something you consider if you have no other alternative and want to stay in your property. Reverse mortgages tend to be expensive, relatively inflexible, and they will eat up most of the equity in your property. Much research is needed before deciding to get a reverse mortgage.
To Refinance You Need A Job
To remove someone from a mortgage loan, you have to refinance. To refinance a mortgage loan you have to show that you can make payments, through the form of holding a job. You can't refinance a mortgage loan without a job, even if both parties want to speed up the refinance process. In addition, if you want to sell the home you need to have permission of the other person whose name is on the mortgage.
Freddie Mac Announces Loan Limits Will Stay The Same in 2007
After years of rising higher, Freddie Mac announced this morning that conventional mortgage loan limits will stay the same in 2007. Loan purchase limi...
Mortgage After Foreclosure: Raise Your Credit Score And Apply Successfully
Can you apply for a mortgage after going through bankruptcy and having your home foreclosed upon? There are things you can do that will help you qualify for a mortgage again despite the bankruptcy and foreclosure. Ilyce explains how mortgage companies approve borrowers and how you can raise your credit score and successfully apply for a mortgage despite the foreclosure.
Anti-Deficiency Law May Protect Homeowner
While anti-deficiency laws will protect a homeowner in some cases, the vast majority of Americans have recently obtained two mortgage loans in the purchase of homes, often referred to as a "piggy-back mortgage." If the first mortgage loan is foreclosed and the amount of the sale is enough to only pay off the first lender, the second lender will be entitled to sue the owner for the value of its loan. Many anti-deficiency laws won't protect the homeowner for amount owed on the second mortgage.
On Today’s Ilyce Glink Show
On today's show, we talked about the Wisconsin man who went to a state park and found a 5.47 carat perfect canary yellow diamond. You can read the sto...
Ilyce Glink on WSB Radio – October 15, 2006
On the show today, Ilyce talked about Nobel Peace Prize winner Muhammad Yunus, a Bangladeshi economist who creating the concept of microlending -- and figured out that even tiny loans would help the poorest of poor develop their economies. Credit and borrowing were on the mind of Ilyce's callers, who had questions about how to raise their FICO scores.
Refinanced Mortgage In One Homeowner’s Name, Title In Both Homeowners’ Names
What do you do if you purchased a home with a friend who ran into some financial difficulties, and the home was refinanced in the your name only? Should you have mortgage refinanced in your name only, even if the title is in both names? If you do, you will be stuck with all the financial responsibility of the refinanced mortgage while the friend has none.