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.
Streamline Loan Modification Update
I have spent quite a bit of time this week calling big mortgage lenders to chat about their streamline loan modification program. Here's what I learn...
Mortgage Loan Programs
Which type of mortgage is right for you? There are many types of mortgage loans, from the traditional 30-year fixed-rate mortgage to hybrid loans and interest only loans. What does each mortgage loan program offer? Learn more about the different types of mortgage loans in this Expert Real Estate Tips segment.
Expert Real Estate Tips: What Is An Interest Only Loan?
What is a interest only loan? Interest only loans keep monthly mortgage payments low and are good mortgage loans for short term home owners. How do interest only loans work and how many years are interest only loans good for? Watch this Expert Real Estate Tips video on interest only loans and find out if an interest only loan is the right mortgage for you.
What Is An Adjustable Rate Mortgage (ARM)?
What is an Adjustable Rate Mortgage or ARM? What is the difference between a fully amortized loan and an interest only ARM? Watch this Expert Real Estate Tips video about adjustable rate mortgage loans (ARMs) and how they adjust after a fixed period of time.
Advantages To Choosing 30 Year Fixed Rate Mortgage Loans
Is a 30 year fixed rate mortgage loan right for you? What is the advantage of a 30 year fixed rate mortgage? 30 year fixed rate mortgages offer security even if you plan to sell or refinance your home after a few years. Watch this Expert Real Estate Tips segment and learn all the advantages of a 30 year fixed rate mortgage loan.
Expert Real Estate Tips: Estimating Mortgage Fees
Mortgage loan borrowers should expect to pay mortgage fees between 1% and 2% of the mortgage loan amount. Mortgage fees depend on the mortgage loan amount, mortgage loan type, interest rates and when in the month you closed on your home. Watch this Expert Real Estate Tips video for more information about mortgage loan fees and how to estimate other costs associated with mortgage loans.
An Update On Streamline Refinancing
On this Sunday's show, I talked about how streamline refinancings might be possible. Different lenders are considering this option, which basically al...
What Is A Fixed Rate Mortgage?
What is a fixed rate mortgage loan? A fixed rate mortgage means the borrower has the same monthly payments on the mortgage every month. Fixed rate mortgages are repaid within a specific time frame (10, 15, 20 or 30 years). Watch this Expert Real Estate Tips segment for all you need to know about fixed rate mortgages.
Home Mortgage: The Balloon Loan
A home mortgage with one larger payment at some point is called a balloon loan. This type of mortgage is usually on a second mortgage. With these mortgage loans, most people will sell or refinance before the balloon payment is due. Watch this Expert Real Estate Tips video about these special mortgages and find out if a balloon loan is right for you.