16th December 2005
For many borrowers, adjustable rate mortgages are an attractive means of qualifying for a home. Fewer borrowers realize the potential negative amortization problems these loans can create.
Adjustable Rate Mortgages
Adjustable rate mortgages are ver...
09th December 2005
Many renters say they prefer to rent because it is simple and doesn't carry the stress of home ownership. In truth, they are simply making other people rich.
Equity
What if I told you that if you purchased a home, you wouldn't have to make any mont...
09th December 2005
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 ...
09th December 2005
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...
09th December 2005
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....
09th December 2005
Adjustable rate mortgages are to home buyers as carrots are to bunnies – very tempting. The secret to figuring out if an adjustable rate mortgage is a good deal is the rate index used.
Indexes – Setting Rates
Lenders really want your business and a...
29th November 2005
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 ...
29th November 2005
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 ...
29th November 2005
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...
29th November 2005
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...
17th November 2005
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 ...
17th November 2005
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,...
17th November 2005
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...
04th November 2005
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...
04th November 2005
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...
