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Mortgage & Finance

A mortgage, 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 questions and help you find the right mortgage for you.

You need to consider the fees and closing costs that you may be charged in obtaining a mortgage, the length of the loan and the amount of the loan. In addition, while the interest rate you obtain is quite important, you need to understand all of the other issues involved in obtaining a mortgage loan for your home or investment property.

Take a look at our hundreds of articles on our site. Some of these articles are listed below. These articles relate to obtaining a mortgage, finding a low interest mortgage loan, the difference between a fixed rate or ARM loan, whether to pay points to buy down your interest rate, and avoiding prepayment penal

What is a Reverse Mortgage?

By | June 1st, 2023|

What is a reverse mortgage? And, why does a reverse mortgage hurt rather than help an elderly homeowner? Q: I was recently evicted from my home, where I lived with my mother before she died. This is due to a reverse mortgage. I am disabled and now have no home. My mother signed this loan [...]

Inheriting a Home: Options to Consider

By | January 27th, 2023|

Are you inheriting a home? There are several options to consider if you'll be the beneficiary of this sort of bequest and don't want to keep it. Inheriting a Home: To Keep or Sell Q: I read your column regularly and always find it very interesting and informative. I have a rather complicated question: My [...]

2023 Home Buyer Resolutions

By | December 26th, 2022|

Every year, Ilyce and Sam offer their readers New Year’s resolutions for home buyers, sellers and their personal finances. These are their 2023 Home Buyer Resolutions. My, how the tide is shifting for home buyers, sellers, renovators, investors, and owners.  At the end of 2021, we wrote that “Covid is a trend accelerator.” When it [...]

Getting Rid of a Timeshare Property

By | December 26th, 2022|

Options on Getting Rid of a Timeshare Property.   Q: This is a comment regarding your article on getting rid of timeshare properties several months ago. I have two bits of information for disillusioned owners.  Two of the major timeshare companies have a process where they can assist you in disposing of your timeshare ownership. Vistana [...]

Giving The Farm Away

By | February 17th, 2022|

My son is pressuring me to give him the farm. Immediately. But I want it to go to my grandchildren. What should I do? Q: I need help navigating my situation with my son. It’s a pressing situation where he wants me to give him the farm. He wants it immediately. Of course, there’s a [...]

The High Cost of Low Appraisals

By | November 19th, 2021|

There is a high cost of low appraisals. If you are trying to do a cash-out refinance loan and your appraisal comes in too low, there could have to pay for a second appraisal or your loan application might not be approved. That's what happened to one of our readers. The High Cost of Low [...]

What Can You Do If Your Mortgage Is Underwater?

By | January 15th, 2021|

What can you do if your mortgage is underwater? This homeowner wants to know if she can foreclose and move on, but that should only be her last resort. Q: I am a widow in my 70s and my mortgage is underwater. Can I just let the bank foreclose and move on? I don't want [...]

Is the Housing Market Going to Crash in 2021?

By | December 11th, 2020|

Is the housing market going to crash in 2021? After a whirlwind year in 2020, real estate experts expect another record breaking year in 2021. Is the Housing Market Going to Crash in 2021? The housing market has shown some signs of slowing down after a record-shattering year in 2020, prompting headline writers to start [...]

Should I Refinance My Mortgage Before Retirement?

By | November 6th, 2020|

Should I refinance my mortgage before retirement? This reader wants to know if they should take advantage of low interest rates even if they’re close to retiring and selling the home. Q: We borrowed $355,900 in 2007 for a 30-year fixed mortgage at 6.25% and still owe $230,000. My wife is retired, and I plan [...]

Is Mortgage Interest Deductible in 2020?

By | October 9th, 2020|

Is mortgage interest deductible in 2020? These homeowners have always deducted mortgage interest but their tax software is rejecting the entry this year. Q: Is mortgage interest still deductible on our federal income taxes? Is there something new that I am not aware of? Is there some reason to not have a mortgage that is [...]

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