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.
Where To Get Lowdown on Mortgages
The best way to find the right home loan or refinance deal for you is to start searching for information on various mortgage lenders, interest rates and products. Then comes the hard part: sorting out which loan is right for you. Consider checking out these sources to find the best information on mortgage programs and interest rates.
Financing A Mortgage On An Investment Property Without U.S. Citizenship
Financing a mortgage for an investment property where one of the owners is not a U.S. citizen can be tricky. Most mortgage lenders are reluctant to finance a mortgage on an investment property to an immigrant who does not have a long-term visa or has become a resident of the United States. Ilyce and Sam help this reader figure out the best way to finance a mortgage on an investment property where his potential co-owner does not have U.S. citizenship.
Mortgage Loans For Financing Investment Property
There are several mortgage loans available for financing investment property. One of the best mortgage loans for financing investment property is the FHA 203(k) loan, but you must live in the house for at least one year. A construction loan is another type of mortgage loan for financing investment property, but you might be required to pay higher interest in order to waive some other fees.
Protect Assets From Lawsuit On Rental Property
When you own rental or investment property you may be concerned about liability. You may want to transfer your property into a limited liability corporation (LLC), but that could cause your mortgage lender to call your loan in for full payments. There are other ways to protect yourself from lawsuits when you own rental property and aren't ready to pay off the mortgage.
Refinancing Home With A Bad Credit Score
Can you refinance your home if you have a bad credit score? Ilyce discusses how to make corrections to credit history, and boost your credit score so you can work with lenders and refinance your home. Ilyce also offers tips on how to improve your credit score and refinance your home within six months.
Fiancee Wants to Assume Half-Share of Mortgage
To assume a mortgage, certain conditions must apply. Generally, only FHA loans can be assumed. In other cases, you must refinance, or figure out another way to make the payments. However, when assuming a mortgage or purchasing someone else's share, make sure you don't trigger a "due on sale" clause.
Pay Off Mortgage, Hold Title In Only Your Name
How can you get the name of a fellow home investor off a deed after you pay off the mortgage to a home? You may initially need a partner to buy a home, but what can you do if you pay off the mortgage and your partner disappears? You likely want the home's title to list only your name when you pay off the mortgage. To change this you'll need to go to court and file a partition lawsuit with the help of a knowledgeable attorney.
Refinancing Mortgage For A Home Listed For Sale
Ilyce revisits the issue of refinancing a home that is listed for sale. The home that is listed for sale may not qualify for traditional loans or refinancing. The home must be taken off the market and no longer listed for sale in order to qualify for traditional refinancing.