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.
Interest rates are rising. This afternoon, the Federal Reserve Bank announced an increase in the federal funds rate of 0.25%, and indicated more rate hikes would follow. "Good afternoon. Today, the Federal Open Market Committee decided to raise the target range for the federal funds rate by 1/4 percentage point, bringing it to 3/4 to [...]
Are mortgage interest rates rising or falling in 2017? Home buyers and borrowers are wondering what the mortgage interest rates trend will be in 2017, so they can time their purchase or refinance. While trying to time mortgage market moves is dicey, the consensus from leading economists is that the outlook for interest rates won't [...]
The FHA mortgage insurance reduction of 0.25% would have saved 2 million borrowers an estimated $900 per year, according to documentation written by the Department of Housing and Urban Development (HUD). For homes costing $185,000, the typical borrower would save $500. While $500 in savings doesn't sound like a lot, when you're a first-time [...]
If you’re nearing retirement and still carrying a mortgage you’re probably worried about managing your mortgage payments in retirement. And, who could blame you? A new survey by the American Institute of CPAs found that retirees’ biggest concern is running out of money, and your monthly mortgage payment, which typically includes your real estate taxes [...]
Got the wrong address on your mortgage documents? Don't worry too much about a typo on your mortgage documents. Q: My mortgage documents list my property address incorrectly. It's a small typo. The lender misspelled the name of my street. Will this cause me problems when it comes time to sell my property? I can’t [...]
Have you moved and decided to rent out your old house rather than sell it at today’s depressed prices? Are you renting out your vacation property? Did you buy a foreclosure or short sale with a residential mortgage and—after you fixed it up—begin renting it out while waiting until you can sell it and make [...]
Mortgage interest rates are rising. But it's not too late to refinance your mortgage and hit a home run while you do it. While interest rates aren't quite at rock bottom, it's still a great time to refinance. If you have the ability to refinance, do it. Even if you have already refinanced, if you can [...]
When you inherit property with a mortgage, paying off that mortgage loan is the responsibility of the estate, not the heirs. If the estate lacks the money to pay off the mortgage and the bank decides to foreclose, it should not negatively affect the credit histories of the heirs. While the heirs could do a deed in lieu of foreclosure with the mortgage lender, that action would not affect the original mortgage loan whose non-payment triggered the foreclosure to begin with.