Locking In a Mortgage Interest Rate

By:
Peter King - MortgageLoan.com | October 17, 2009

Mortgage interest rates are unusually low right now, but it's not certain how long they'll stay that way. So when applying for a mortgage, either to purchase a home or refinance an existing loan, you'll probably want to lock in the rate when you apply.

How Much of a Home Mortgage Can You Afford?

By:
Kirk Haverkamp - MortgageLoan.com | September 02, 2009

It seems that anyone who's still lucky enough to have a job can afford to buy a house these days. Thanks to low mortgage interest rates and housing prices, housing affordability is at an all-time high, according to the National Association of Realtors (NAR). The question is, what is affordable?

Quickly Raising Money for a Down Payment

By:
Peter King - MortgageLoan.com | July 13, 2009

Raising the money to cover a down payment and closing costs can be a major challenge for potential homebuyers. In fact, four out of five Americans regard it as the number one obstacle to buying a house, according to a recent survey by the National Association of Realtors.

Advantages and Disadvantages of a 15-Year Mortgage

By:
Kirk Haverkamp - MortgageLoan.com | June 26, 2009

So you missed out on last spring's ultra-low rates, those dizzying few weeks when 30-year fixed -rate mortgages could be had at interest rates below 5 percent, an all-time low. But you may have noticed that it's still possible to get one of those ultra-low rates - by locking into a 15-year mortgage instead.

Getting the Lowest Rate on your Mortgage Loan

By:
Catherine Brock - MortgageLoan.com | May 20, 2009

Low mortgage rates are out there, but securing one is problematic.