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Mortgage

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

When Do You Need A Jumbo Mortgage?

By | December 2nd, 2007|

A jumbo mortgage is more than $417,000 for a single family home. A buyer buys a $420,000 home but puts down 20 percent and does not need a jumbo mortgage. Jumbo mortgage amounts vary for other types of property.

When To Pay Off Mortgage Loan

By | December 1st, 2007|

Home owners wonder when is a good time to pay off their mortgage loan. They have saved money to pay off their mortgage loan. They also want to get a new mortgage loan for a new home.

Mortgage Merge Accounts

By | November 10th, 2007|

The money-merge account is as essential to one's financial planning as a dashboard is to driving. The money-merge account is your financial dashboard. The money-merge account does much more than accelerate your mortgage payment, it helps you manage your finances to the penny, and will track every penny you spend, adjusting your pay-off accordingly.

Zero Down Payment Loans Difficult To Find

By | September 2nd, 2007|

What can you do if you want to buy property but you don't have the money for a down payment? You either need to save or get down payment money from a friend or family member. You must have at least 3 percent of the purchase price to put down on an FHA loan.

Refinance ARM Mortgage Just Before Interest Rate Adjusts

By | August 21st, 2007|

When you have an adjustable rate mortgage (ARM) loan, the loan starts out with a fixed rate and later adjusts to a variable rate. To avoid a rise in interest rates, you may want to time the refinancing of your ARM mortgage so that it occurs as your fixed rate period ends. Watch interest rates to figure out whether it's worth it to refinance your ARM mortgage and when's the right time to refinance.

Interest-Only Loan May Be Right For This Retiree

By | August 14th, 2007|

Refinancing to an interest-only loan could be a good idea for homeowners planning to sell within several years. Having an interest-only loan while you upgrade the home can result in a big payoff when it's time to sell.

How Much Down For A Down Payment?

By | August 13th, 2007|

Since the downturn in the real estate market, a home buyer may not have to put as much money down on a new home. How much you put for a down payment depends on how much cash you have on hand, how big a loan you can qualify for and how desperate the seller is. The bigger the down payment, the less likely you'll walk away from the home before closing.

Paying Mortgage During Separation

By | July 24th, 2007|

Even if you are separated or divorced from your spouse, if both of you are on the mortgage, you are both responsible for paying the mortgage. You must make the payments on time, or both credit histories will suffer. You should consider selling the house, or refinance and work out a way to pay the mortgage on one income. It needs to be a joint effort to figure out how to pay the mortgage, even if you don't stay married.

Pay Off Mortgage Loan With Low Interest Rate?

By | July 23rd, 2007|

When you have extra money is it better to pay off your mortgage or invest the money? It depends on the type of the mortgage loan and the interest rate on the mortgage loan. Paying off a mortgage may also depend on what stage of life you're in - whether you're still working or in retirement. In this case, Ilyce suggests waiting to pay off the mortgage loan because of its low interest rate.

Good Faith Estimate For New Construction

By | June 26th, 2007|

When you're buying new construction you'll have to make a down payment, or a good faith estimate to show that you're interested in the property. Developers set their own standards for down payments or good faith estimates. To get the best deal on new construction it's good to hire a buyer's agent so you don't go into negotiations unprepared.

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