Financing

Financing is the way you pay for a purchase – and the term is usually used in the context of buying a home or a car. Financing may be a 100 percent loan or some combination of a cash down payment and a loan. When you apply for bank financing, it helps to have a strong credit score because banks want to make sure you will pay on time and in full. The state of the economy, including how much cash lenders have available to loan, affects what kind of financing you can get at any given time. To get the best financing, it helps to become familiar with the market for the type of loan you’re trying to get, whether that’s an auto loan, mortgage, school loan or personal loan. From this topic page, you can search for information on all kinds of financing. We have many videos on different types of mortgage financing, and hundreds of articles. Use the topic cloud on the right-hand navigation to further refine your search.

The Fed’s stimulus policies are actually paying off: Study

The Fed was right about some of its stimulus policies, basically. A new study shows that the Federal Reserve’s bond-buying stimulus program, which has kept mortgage rates artificially low for the past four years, had a measurable, positive impact on …

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Co-Buying a Home | Buying a Home with Another Family Member

Thinking about co-buying your home? Before buying a home with another family member, consider problems that can occur. Q: My husband, sister, and I are buying a home. My sister would like to pay one-third of the cost of the …

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Tips on How to Find a Commercial Real Estate Lender

Here are a few tips on how to find a commercial real estate lender and other ways to get financing if you are denied a home loan. Q: I have been investing in real estate since late 2009. My business …

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Are You Ever Too Old To Get A Mortgage?

If you are retired and want to get a mortgage, you may not be out of luck, depending on your assets and income. Q: I’m nearing 70 and my wife is 46. I want to buy her a house. I …

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FHA 203k Loans For Home Renovations

If you’re interested in buying or renovating a home, one of the few loan products remaining is the FHA 203(k) home renovation loan. Q: My husband and I would like to purchase a neighbor’s home to remodel and live in. …

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Mortgage Outlook Still Dim

Real estate mortgage outlook in the news does not appear so good even with HARP 2.0 coming online. According to a recent study by Fiserv, the typical mortgage costs 40 percent less than it did in 2006. That just about …

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Take Lowest Interest Rate When Refinancing A Mortgage Loan

Take lowest interest rate when refinancing a mortgage loan. When refinancing a mortgage loan take the lowest interest rate. Wait for a lower interest rate when refinancing a mortgage loan and jump on a low interest rate to refinance. Be prepared for penalties of canceling a mortgage loan refinance but take the lowest interest rate when refinancing a mortgage loan.

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Refinancing Mortgage For A Home Listed For Sale Not Likely

Refinancing a mortgage for a home listed for sale not likely. Lenders are not likely to approve refinancing a mortgage for a home listed for sale. Sellers not likely to refinance a mortgage if the home is listed for sale. Refinancing a mortgage for a home listed for sale is not likely to be approved by mortgage lenders. Check the value you of your home and readjust the asking price if it is not selling rather than trying to refinance a mortgage for a home listed for sale.

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Options for Refinancing Mortgage on Inherited Property

Weigh your options for refinancing mortgage on an inherited property. When refinancing an inherited property, consider your options. If you have inherited a property and are considering refinancing the property, consult a real estate attorney. The real estate attorney knows the best options for refinancing a mortgage on the inherited property. With an inherited property, a real estate attorney can help change the names on loans and properties.

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Tips to Make the Mortgage Closing Process Easier

The mortgage closing process is already difficult enough. Make the mortgage closing process easier by avoiding errors in the loan documentation. When going through the mortgage closing process on a home loan, documents should be checked for any and all errors. A mortgage banker warns that mistakes could be costly in the mortgage closing process. The best solution for the mortgage closing process is getting loan documents in on time and giving your mortgage banker plenty of time to look through the loan documents.

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