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.
High Mortgage Loans Worry Home Owner
A home owner has taken out several mortgage loans but is unsure of her home's value. She worries the home value won't be enough to refinance or sell and pay off the mortgage loans. How can she determine an accurate home value?
Lower House Payment: Buying a House With No Mortgage.
If you had the choice, would you buy a house with no mortgage? Would you pay all cash for a home? What would it take for you to lower your house payments to a level that you could retire and no longer carry a mortgage?
Making Extra Mortgage Payments Can Save You Money
A homeowner reader asks about making extra mortgage payments and the timeline. Ilyce says making regular extra mortgage payments will save you more money than making one large extra payment at the end of the year. No matter which way you're making extra mortgage payments, you will likely pay off your mortgage sooner and save money.
Mortgage Loan Applicants Need More Documents
Today's mortgage loan applicants have to provide more documentation than in the past. Mortgage loan applicants need to show proof of income, retirement fund records and recent bank statements. Here are the documents you should have available before applying for a mortgage loan.
Ilyce Glink on WSB Radio – September 8, 2008
Today on the Clark Howard Show, Ilyce Glink filled in. She discussed the Federal Government's takeover of Fannie Mae and Freddie Mac and walked listeners through what might happen to mortgage rates, housing prices, loan adjustments and Freddie and Fannie bonds. She took calls about refinancing, short sales, foreclosures, buying a house, rental properties, social security and spousal benefits, home repair fraud, and buying on debit cards. For show notes and updates through the week, check out her blog at www.thinkglink.com/blog , and sign up for her free weekly newsletter on the ThinkGlink.com home page. Check out the videos at www.expertrealestatetips.net. And be sure to subscribe to her YouTube channel.
Ilyce Glink on WSB Radio – August 31, 2008
Today on the Ilyce Glink Show, Ilyce talked about Integrity Bank, the Alpharetta, Ga.-based bank that failed on Friday. It was the 10th bank to fail this year. Regions Financial Corp has assumed the assets of Integrity Bank and all of its 5 branches will reopen on Tuesday as Regions Bank branches, according to the FDIC. Ilyce answered questions about CDs held by Integrity and also how to find out ratings information on banks. She also talked about the skyrocketing numbers of mortgage loan fraud that took place in the second quarter of the year, and answered questions on credit card debt charged up by an ex-spouse, whether it's a good idea to finance the purchase of a new car using a check from a credit card company, how to calculate the profit from the sale of a personal residence, whether "subject to" contracts are a good idea, whether a VA loan is better than a conventional mortgage and how to talk to a 93-year-old dad about his assets. For show notes and updates through the week, check out her blog at www.thinkglink.com/blog , and sign up for her free weekly newsletter on the ThinkGlink.com home page. Check out the videos at www.expertrealestatetips.net. And be sure to subscribe to her YouTube channel.
Seller Financing Deadline Not Met
What is the consequence of not meeting a deadline to repay seller financing for a home? In a well-executed seller financing scenario, the buyer and seller sign a promissory note that details the terms of the seller financing. Can the owner who financed the home take it back if the deadline is not met?
How Can You Protect Yourself From Mortgage Fraud?
The FBI recently released tips on how to protect yourself from mortgage fraud: - Get referrals and check licenses for mortgage and real estate profes...
Condominium Foreclosure Home Equity Loan Default Affects Future Credit
A former condo owner describes losing his condo to foreclosure and asks how defaulting on a home equity line of credit will affect his credit score. Will defaulting on a HELOC affect his credit score after the condo foreclosure? What are the ramifications of a foreclosure on credit and obtaining credit in the future?
Quit Claim Deed And Mortgage Scam
When you sign over your property to someone else using a quit claim deed, you're only transferring ownership - you're still responsible for the mortgage. Even if the person who you're naming on the quit claim deed promises to make payments on your mortgage, there's a risk he or she won't. And since your name is still on the mortgage, you're still ultimately responsible for making payments. Read more about how quit claiming your home to a stranger who promises to make mortgage payments may be a scam.