Mortgage Article Archive 2006

Mortgage Cycling: Will it transport you to financial freedom?

By:

Tom Kerr - MortgageLoan.com | November 27, 2006

Mortgage cycling is an aggressive approach to paying off mortgage loans within a short time frame. It involves making large lump-sum payments of home loan principal every six months. While the strategy is not for everyone, understanding how it works can help you decide whether it makes financial dollars and sense for you.

Finding a Mortgage After Foreclosure

By:

Joan Roelke - MortgageLoan.com | November 21, 2006

It's a sad situation when a lender forecloses on your home. Then, when you get back on your financial feet, the foreclosure on your record can make it difficult to find a new mortgage. However, if you take control of your financial life, you can succeed in finding reasonable home financing.

Save Money on Your Mortgage

By:

Tom Kerr - MortgageLoan.com | November 18, 2006

To save money on your mortgage loan, look for the lowest mortgage rate and down payment, and the least expensive closing costs. You can also structure your payments to save on interest. All it takes is an understanding of how to make the mortgage process work for you, not against you.

An Historical Look at Mortgages

By:

Greg Mischio - MortgageLoan.com | November 13, 2006

A home loan is an aspect of modern society that we simply take for granted. Most people probably don't give much consideration to the origins of home loans, or even how long mortgage companies have been around. But an historical look at home mortgages reveals some interesting facts about a relatively young industry.

An Overview of COFI Loans

By:

Tom Kerr - MortgageLoan.com | October 17, 2006

So-called COFI loans are adjustable rate mortgages that are related to the Cost of Funds Index (COFI). This index determines what interest rate banks pay customers on checking accounts and certificates of deposit. The main attraction of COFI mortgage loans is that they offer unique flexibility for monthly payment options.

Selecting the Best Home Loan for You

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- MortgageLoan.com | October 14, 2006

If you're searching for a home mortgage, you may feel like a mountain climber at the foot of Mt. Everest. The task before you appears long, difficult and potentially perilous. Here are some tips to calm your fears. Follow them, and you can make that mortgage mountain feel more like a molehill.

Finding an Affordable Mortgage Loan

By:

Greg Mischio - MortgageLoan.com | October 10, 2006

Everyone knows how to find an affordable jar of peanut butter: Go to an inexpensive grocery store, scan the shelves for a few great tasting brands, and select the cheapest one. Shopping for a mortgage isn't all that different. You can use some of those same peanut-butter shopping tactics to find an affordable home loan.

Bi-weekly Loan Programs

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- MortgageLoan.com | September 19, 2006

Nowadays, there are many mortgage programs with complex bells and whistles. But one of the oldest and most sensible programs is the bi-weekly mortgage payment plan. Based on solid economic common sense, it can save you a significant amount of money over the lifetime of your mortgage.

Finding a Home Mortgage with Limited Funds

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- MortgageLoan.com | September 04, 2006

For many, the American Dream of homeownership is a far cry from the cold, harsh financial realities. Without sufficient money for a down payment and not enough income to make monthly payments, homeownership is becoming increasingly difficult for a growing number of consumers. However, there are unique approaches to financing that could make home ownership a realistic option once again.

Home Mortgages for the Long-term

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- MortgageLoan.com | September 01, 2006

Housing costs have ballooned during the past few years. Even if they come back to earth, buyers are still facing challenges when trying to secure manageable mortgages. To meet the demand, mortgage lenders have begun offering longer amortization schedules, including 40- and 45- year mortgages. These may be attractive if you're shopping for a dream home with an expensive price tag.

Mortgage Rate Quote

By:

MortgageLoan.com | June 08, 2006

Getting a mortgage rate quote allows you to shop confidently for a home, knowing that you will be able to afford your purchase. There are different types of mortgage rate quotes, with varying amounts of accuracy. Of course, you will not know the exact dollar amount that you will be spending until you close on your home, but you can get a very good idea.

Afford Mortgage

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- MortgageLoan.com | June 06, 2006

Buying a home, right up there with getting married and having a child, is seen as the pinnacle of adulthood, and for many it fulfills a lifelong dream. Unfortunately, many people never take this step due to fear that they can not afford a mortgage.

Online Mortgage Quote

By:

MortgageLoan.com | June 06, 2006

Online businesses continue to gain in popularity, and one area that is showing considerable growth is in online lending. Online lending is a great choice for both lender and consumers.

Mortgage Term - What's the Best for You?

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- MortgageLoan.com | May 22, 2006

A crucial decision you will make when selecting a mortgage loan is the length of your term. Should it be 15, 20, or 30 years long? There are advantages and disadvantages to each. By examining the pros and cons, you can get the best bang for your buck.

How does a Home Mortgage Work?

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- MortgageLoan.com | May 22, 2006

To many of us, financial instruments can be frightening and complex. This holds true for mortgages, which are the largest financial transaction most people will ever make. Once you understand how they work, they won't be scary any longer, and you'll understand how they're a vital ingredient in the recipe for the American dream.

Quick Mortgage Tips - Five Tips to Help You keep Your Sanity

By:

- MortgageLoan.com | May 14, 2006

Shopping for a mortgage should be approached just as seriously as shopping for a car. When you purchase a new car, you usually spend a lot of time researching consumer reports, shopping different dealers for different sticker pricing, and looking into auto financing. The same holds true, if not more so, for your mortgage. Unlike a car, at least your home has a chance to appreciate after you buy it!

Mortgage Interest Rates

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- MortgageLoan.com | May 05, 2006

Mortgage interest rates favorable to home buying are still available, even if mortgage interest rates are still on an upward trend. Refinancing is today more need driven than rate driven.

Home Loans

By:

- MortgageLoan.com | May 05, 2006

Real estate experts report say location, location, location. The financing is much more complex...

Mortgage Loans

By:

- MortgageLoan.com | May 04, 2006

There are as many different types of mortgage loans as there are people - probably more.