Dan Lewis

Down Payments – Get Creative

One of the biggest hurdles to buying a home is the down payment. Saving up a chunk of change can be difficult, so getting creative is a key. Down Payments The amount of your down payment is dependent upon many potential issues, but two come to the ... Read >

Home Loan Basics

If you're getting ready to apply for your first home loan, you're going to need to understand the home loan basics. Home Loan Basics When you go to apply for a home loan, you need to understand the terminology. Let's start with the most basic of te... Read >

Picking A Home Loan – Short Term

You've found a home, your credit is in good shape and you have money for a down payment. So, how do you go about picking the right home loan for you? Picking A Home Loan – Short Term There are more than a few issues that go into picking a home loan.... Read >

Reverse Mortgages – Funding Retirement

With people living longer and longer, funding retirement can become a stressful situation. Reverse mortgages can help home owners avoid worries about cash flow. Reverse Mortgages Reverse mortgages are essentially a method for turning the equity in ... Read >

Adjustable Rate Mortgages – Interest Rate Strategy

Over the last few years, many people squeezed into new homes using adjustable rate mortgages. With interest rates going up, you now need a new interest rate strategy Adjustable Rate Mortgages – ARMs Adjustable rate mortgages carry a bit of a gamble ... Read >

Credit Repair – From C to A Paper

If you've ever applied for a home loan with less than stellar credit, you know how much extra you have to pay. Even though it can take some time, credit repair is definitely worth pursuing. Credit Scores When considering your application for a home... Read >

Home Improvement Loans

Once you own a home, you'll get the urge to make home improvements. Often, you'll need a home improvement loan. Home Improvement Loans Whether you've lived in a home for years or just purchased it, you'll get the urge to make improvements. It's a n... Read >

Mortgage Loan – Understanding FICO Scores

Apply for a mortgage loan and you'll soon become familiar with FICO scores. Here's a primer on the infamous FICO scoring process. FICO scores are merely a mathematical representation of your credit record. Credit records are simply a recording of your ... Read >

Types of Mortgage Loans – The Basics

In the past, homebuyers more or less had limited mortgage loan options. These days, there are more options than you can shake a stick at, but here's a primer on the basics. Mortgage Loans With the real estate market explosion over the last 10 years,... Read >

Mortgage Loan Options – Going Exotic

In the past, a person had limited options when borrowing money for a home purchase. These days, there are exotic mortgage loan options that satisfy just about every borrowing need. Creative Mortgages Getting a loan for a home purchase can be very s... Read >

Mortgages - Don't Get Pounded By Prepayment Penalties

Many people make a major mistake when applying for a mortgage. They are so relieved to get the loan that they fail to pay attention to prepayment penalties in the loan documents. Prepayment Penalties With the refinance craze of the last few years, m... Read >

Bridge Loans – From One Home to the Next

You've lived in your home for some time and circumstances such as an expanding family mean you need a new one. This brings up the subject of bridge loans. From Here to There You have two basic options when you are considering selling one home to mo... Read >

Honey, I Shrunk The Mortgage Interest Deduction – Plan 1

The political landscape this year has been nothing but ugly. It promises to come to full boil with the proposed tax reform eliminating or reducing the mortgage interest deduction. Tax Reform or Raising Taxes There is an old saying about the two pol... Read >

Honey, I Eliminated The Mortgage Interest Deduction – Plan 2

A bipartisan committee has made two recommendations to President Bush regarding tax reform. In this article, we take a look at the second option. Tax Reform A year ago or so, President Bush decided to spend his political capitol on tax reform and f... Read >

Tax Reform – Limit of Mortgage Tax Deduction

A committee appointed by President Bush has come up with an alarming recommendation. They want to limit the tax deduction for mortgage interest! Reform Following his re-election, President Bush set up an aggressive agenda in which he hoped to reform... Read >