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.
Mortgage Payments On Credit Report
Does your mortgage or mortgage payments show up on your credit report? A history of on-time payments could help improve your score, but sub-prime lenders may not be reporting your score.
Prepayment Penalty And Mortgage Loans
When you take out a mortgage you may be planning to make extra mortgage payments so you can prepay or pay off the mortgage early. How do prepayments work and do you risk paying prepayment penalties? What issues should you bear in mind when you're prepaying your mortgage loan?
Pay Off Your Mortgage Loan With Prepayments
If you want to pay off your mortgage early, you should prepay your mortgage or make extra mortgage payments every month. Avoid costly bi-monthly mortgage payment plans and set up your own prepayment schedule. When you decide to prepay the mortgage loan, you should try to pay the same amount each time.
Qualifying For Home Loan After Bankruptcy
Bankruptcy is a black mark on your credit and won't allow you to get a loan at the kind of interest rates offered to buyers with good credit. Having a bankruptcy on your credit will mean paying anywhere from 2 to 5 percent above the going rate. To improve your credit history after a bankruptcy, know your credit score so you can work to improve it as quickly as possible.
Stop PMI Payments And Refinance
When you buy a home and lack money for a substantial down payment you have to buy private mortgage insurance, or PMI. Once you have made enough mortgage payments and have at least 22 percent equity in your home, you can stop paying PMI. To determine how to stop paying PMI and whether you should refinance, you should contact your mortgage lender and also shop around.
How To Spot Synthetic Stucco Exterior
How can you tell the difference between synthetic stucco (EIFS) or real stucco? Synthetic stucco sounds hollow when you knock on it and real stucco is similar to concrete. A real estate agent can help you determine what kind of stucco a home is covered with.
Mortgage Loan You Take With You When Buying A Home
What if you could take your mortgage loan with you each time you bought a different house? In 2003, E-Trade offered a portable mortgage loan - a fixed rate loan for mortgage borrowers who have good credit. Learn how a portable mortgage loan works when you're buying a home.
High Home Values And Low Interest Rates
With the Federal Reserve holding interest rates low, mortgage loan rates are also low. As a result more home buyers are buying homes and demand for homes is increasing. Home values are rising but by how much depends on what region of the country you're in. Economists expect interest rates to stay low for the next year or so.
Mortgage Loans: Getting Prequalified To Buy A Home
Before you can apply for a mortgage loan and buy a home, you have to get prequalified. Getting prequalified for a mortgage means having a lender analyze your assets and income stream, so he can decide whether to approve you to apply for a mortgage. Having all your documents ready ahead of time will speed the prequalification process up so you can apply for a mortgage loan and buy a home.
First Time Home Buyers Getting Younger
First time home buyers are getting younger and younger. The largest group of first time home buyers are members of Generation Y. 20 and 30somethings are making smarter investments and using the internet and other resources to make smart decisions about becoming first time home buyers.