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.
Why do you need to shop for your mortgage lender? Whether you have reservations or the rate feels too high, shopping around will help get you a better deal. Q: I applied with my daughter for pre-approval on a loan with a mortgage company. I applied several months ago and the lender never notified me [...]
Can lenders revoke a mortgage refinance if a relative takes her name off the title? When a co-borrower removes her their name from the title during the refinancing process, it can cause complications for the homeowner trying to get the loan. Q: Both my daughter and I are named on her mortgage loan and title [...]
What can I do about inheriting property that has a mortgage? This reader wants to know if they can execute a quitclaim deed to absolve themselves of mortgage payment responsibilities. Q: I have inherited a 25 percent interest in a home along with three other siblings. I do not want my 25 percent and want [...]
"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 1 percent. Our decision to make another gradual reduction in the amount of policy accommodation reflects the economy’s continued progress toward the employment and price stability objectives [...]
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 buyer [...]