It’s easy to breathe a sigh of relief once your home loan is approved and you have a closing date set. However, just because your loan is in the works doesn’t mean that it’s a done deal. In fact, while you wait around for your loan to close, there are a few more things you need to make sure are done. Read More
One of the best ways to save money on your mortgage is to get the best possible interest rate. A good mortgage rate can provide you with saves amounting to tens of thousands of dollars over the life of your home loan. Read More
Even though we’re well into a new year, it’s not too late to think about your situation and set new financial goals for the coming year. If you own a home, there are quite a few things you might consider doing to improve your situation. Read More
Created in 2009 to help out struggling homeowners, HAMP (Home Affordable Modification Program) has helped about 1.4 million homeowners modify their mortgages to avoid foreclosure. Read More
When a homeowner receives a notice of foreclosure, it’s not unusual to pack up and move out as quickly as possible. That hasty decision may not be wise however, because many unforeseen complications can occur Read More
While many date the recent financial crisis from 2008, the reality is that there was a build up to that crisis. Prior to the events that took place in the fall of 2008, a mortgage market crisis was building in the form of increasing foreclosures. Read More
If you have an adjustable rate mortgage (ARM) or have thought about getting one, you may wonder how your loan balance is amortized. Designing an amortization schedule is an easy way to see how a mortgage payment is applied to paying down the balance over time. Read More
Mortgages are thought to be home loans used to finance the purchase of a home. The word mortgage has become a generic term used to refer to a loan secured by real property because most mortgages occur as a condition for new loan money. Read More
For many consumers, homeownership is still an important financial and life milestone. Buying a home, however, requires a great deal of capital. Most of us can’t pay for a home in cash. Read More
After the housing bubble went “pop” in 2007, it became a lot tougher for the average home buyer to qualify for a mortgage. Read More
