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.
Mortgage delinquency rates spike in 2020 due to COVID-19 pandemic. The latest loan insights show a 3.1 percent jump in overall delinquencies in just one year. Mortgage Delinquency Rates Spike in 2020 Due to COVID-19 Pandemic Having trouble paying your mortgage? If so, you’re not alone. Looking back in the early days of the pandemic, [...]
What you should know about refinancing your mortgage before retirement. Four things to consider when refinancing your mortgage before retirement. We recently received a long comment on one of our questions regarding a homeowner who was deciding whether to refinance their home before retiring. Our correspondent is a mortgage industry veteran of many years and [...]
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? 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 [...]
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? 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 [...]
How to find old mortgage loan records? This homeowner wants to find proof of old mortgage payments made before they refinanced and modified their loan. Q: I purchased my home back in 2004 and got a mortgage with a lender that has since been purchased by one of the huge banks. I made all of [...]