Articles on MortgageLoan.com

Search for Article...

Can you switch mortgage lenders after being preapproved?

4 February 2019

Getting preapproved for a mortgage is a key part of shopping for a home.But can you still change lenders after your bid has been accepted?.

Tags: mortgage lenders, preapproval

Hard vs. soft credit inquiries: Do they affect your credit score?

28 January 2019

You're shopping around for a mortgage, but when lenders run their credit checks, will they hurt your credit score?.

What to consider when buying homeowners insurance

21 January 2019

Homeowners insurance is something many people don't give a lot of though to, but careful shopping can save you hundreds, even more than $1,000 in premiums a year.

Tags: homeowners insurance

Thinking of refinancing? An ARM might make sense

14 January 2019

With mortgage rates moving higher, homeowners who are looking to refinance their loans might again consider an ARM to meet their needs.

Tags: adjustable mortgage

What does crystal ball hold for housing market in 2019?

7 January 2019

What does the housing market hold for 2019? Will it be a good time to buy? Stay put where you are? Refinance? Here's what some of the experts we talked to had to say.

Tapping home equity through a VA cash-out refinance

31 December 2018

The VA doesn't offer a program for regular home equity loans, but eligible veterans and active-duty personnel can still tap their home equity through a VA cash-out refinance.

Tags: refinance

As Boomers downsize, will Millennials want their homes?

29 December 2018

As Boomers downsize in the coming years, will Millennials want to buy their old homes? And might the two groups compete for a limited supply of small, desirable residences?.

Affordability issues may confront 2019 homebuyers

17 December 2018

With home prices and mortgage rates expected to continue to rise, affordability could be a growing concern for homebuyers in 2019.

Tags: mortgage rates

Is the credit scoring model for home loans outdated?

10 December 2018

A federal decision on changes to credit scoring rules on new rules that some mortgage lenders consider outdated has been put off for two years, potentially hurting home shoppers with limited credit histories who are "credit invisible.”.

Tags: mortgage

Why is it difficult to qualify for a small mortgage loan?

3 December 2018

Borrowers eying a very modest home may be surprised to discover that a small mortgage of less than six figures can be even harder to get than a jumbo loan of a million dollars or more, simply because many lenders don't find them profitable.

Are more homeowners improving their homes instead of moving up?

26 November 2018

Many homeowners are unwilling to give up their current low mortgage rates to move up to a new home, so instead they're increasingly opting for home equity loans to improve the one they already have.

Will an FHA loan hurt your chances with home sellers?

19 November 2018

FHA loans are easier to qualify for if you're a borrower with limited funds or weaker credit but can they hurt your chances of getting your offer accepted by a home seller?.

HARP ends this year, but underwater homeowners still have options

12 November 2018

The Home Affordable Refinance Program is ending, but homeowners with little or negative equity will still have options for refinancing their mortgages.

Tags: harp

Will second appraisal rule make it harder to get a reverse mortgage?

5 November 2018

A new rule requiring a second appraisal on many reverse mortgages could make if more challenging to qualify for these loans, but doesn't appear to have had much impact yet.

Tags: reverse mortgage

More people with low credit scores buying homes

29 October 2018

If you have a low credit score and high debt, buying a home is easier than it was almost a decade ago, even while overall credit requirements are tighter than they were before the crash.

Tags: bad credit, qualifying

Five ways to beat rising mortgage rates

23 October 2018

With rates expected to keep rising in 2019, what can you do to boost your odds of qualifying for the lowest mortgage rate possible?.

Home ownership benefits can include a better life

15 October 2018

If you’re looking for reasons to buy a home other than providing shelter for your family and potentially as an investment, you may want to consider your future education, health and income opportunities.

Tags: personal finance

Should you hire a real estate attorney when buying a home?

8 October 2018

Do you need to pay for a residential real estate attorney to help you through the home-buying and mortgage processes? That depends on how confident you are that you won't run into problems.

5 reasons to consider a credit union mortgage

1 October 2018

Though often overlooked when it comes to mortgages, credit unions can offer benefits that other lenders may not do so well, such as having lower fees, knowing the local market and being able to make loans on unique properties.

Mortgage rate lock provides protection against rising rates

24 September 2018

A rate lock can provide you protection against the possibility that rates may rise after you apply for a loan, but they can come back to bite you if rates fall.

Navigation