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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

Understanding COVID-19 Homeowner Relief Resources

By | June 12th, 2020|

Understanding COVID-19 homeowner relief resources. How to find coronavirus relief for homeowners offered by mortgage lenders, banks and the government. There’s a lot of confusion about what types of coronavirus relief resources are available for homeowners and who’s eligible for them. Over 60 percent of homeowners have no knowledge of COVID-19 resources or are unsure [...]

Is It Smart to Prepay Your Mortgage?

By | April 14th, 2020|

Is it smart to prepay your mortgage? These are the three different approaches to paying your mortgage that work for homeowners and investors.  Q: I'm 83, have no mortgage, pay my credit cards in full each month and have no car payment. When I first started out in 1961, I bought a 52 chevy for [...]

Coronavirus Homeowner Relief Resources 2020

By | March 27th, 2020|

Coronavirus homeowner relief resources 2020. How lenders are helping homeowners who can’t make their mortgage payments because of the coronavirus. Coronavirus Homeowner Relief Resources 2020 This week, the government took steps to try to ensure millions of Americans wouldn’t lose their homes, cars, and credit due to the Coronavirus pandemic. Fannie Mae and Freddie Mac, [...]

How Do I Prove I Paid Off My Mortgage?

By | March 20th, 2020|

How do I prove I paid off my mortgage? What documents do I need to prove I paid off my mortgage loan and can I shred the rest of the paperwork? Q: I got your email from your Expert Real Estate Tips YouTube channel. I have a small condo which I just paid off. After [...]

Will Mortgage Rates Continue to Drop in 2020?

By | March 20th, 2020|

Will mortgage rates continue to drop in 2020? Should you refinance your mortgage now or wait and see what happens with the real estate market next? The coronavirus is wreaking havoc on the global economy, but there is one bright spot here in America.  Thirty-year mortgage rates in the U.S. dipped to 3.29 percent earlier [...]

Should I Pay Cash or Get a Mortgage When Buying a Home?

By | March 18th, 2020|

Should I pay cash or get a mortgage? This home buyer wants to know if it’s better to pay in cash or get a mortgage to take advantage of low rates. Q: We are considering purchasing a new home in a national home builder’s development. We could go through their loan people or pay cash. [...]

Splitting Mortgage Payments with Parents

By | March 6th, 2020|

Splitting mortgage payments with parents. This reader wants to know how to minimize tax implications and how to protect their later inheritance. Q: I have been discussing assisting my father with his mortgage now that he is retired. We have decided on a 60/40 split of the monthly payment, and I’ll pick up the larger [...]

Will Banks Lend to an LLC?

By | March 2nd, 2020|

Will banks lend to an LLC? How the commercial lending process, interest rates and costs differ from residential real estate loans. Q: Are there any lenders that will loan money to a limited liability company that wishes to put up free and unencumbered land as collateral at less than 50 percent loan to value? I [...]

What Happens If You Inherit a House with a Mortgage?

By | December 18th, 2019|

What happens if you inherit a house with a mortgage? These readers want to know what to do if the mortgage exceeds the value of the property. Q: My husband's stepmother added him to the title to her home prior to death. She added him as a joint tenant with rights of survivorship. We understand [...]

How Do I Get Rid of PMI on My Mortgage?

By | December 2nd, 2019|

How do I get rid of PMI on my mortgage? What can you do if you don’t want to pay private mortgage insurance on your mortgage loan? Q: I appreciate your articles and landed on your site after reading your article on prepaying your mortgage.  I have a question for you about mortgage loans, private [...]

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