Mortgage Articles

Want to get your personal finances in order but you're not sure how?
Here at Mortgage Loan, we have a few tips!
Foreclosure Prevention Act to Help with Refinancing
Mortgage

Foreclosure Prevention Act to Help with Refinancing

To help distressed homeowners avoid foreclosure, Democratic senators have proposed the "Foreclosure Prevention Act of 2008." The bill would help borrowers by potentially lowering the amounts they owe, and would free up more money to pay for the mortgage refinance of subprimes.

Dan Rafter
13 years ago
Escape the Reset Crisis with a Refinance
Mortgage

Escape the Reset Crisis with a Refinance

Pay attention to the details if you have an adjustable-rate mortgage (ARM). Many three-year ARMs are scheduled to reset during the next 18 months, and many homeowners aren't prepared for the drastic payment increase.

Kirk Haverkamp
13 years ago
Is Escrow Right for Your Refinance?
Mortgage

Is Escrow Right for Your Refinance?

When refinancing a home loan, one of the many decisions that you'll have to make is whether or not to escrow your homeowner's insurance and property taxes. Some say yes, others no. Which option is right for you?

Aaron Crowe
13 years ago
Fractional Mortgages
Mortgage

Fractional Mortgages

Buyers, developers, and mortgage companies are always looking for creative ways to finance second homes. The "fractional mortgage" has been gaining traction and popularity for more than a decade as an attractive way to buy a vacation property.

Dan Rafter
13 years ago
Five Reasons to Borrow From Credit Unions
Mortgage

Five Reasons to Borrow From Credit Unions

Created to protect people from unscrupulous lenders, credit unions have a long-standing history of loaning money at reasonable rates. But the low rates are just one reason why people turn to credit unions for their lending needs.

Dan Rafter
13 years ago
Is a Cash-out Refinancing Right for You?
Mortgage

Is a Cash-out Refinancing Right for You?

In a cash-out refinancing, you take out a new mortgage for an amount that's larger than your current principal balance. You can then use the extra money as you wish. Just make sure that you compare the costs of this type of financing with the costs of a home equity loan before proceeding.

Kirk Haverkamp
13 years ago
Before You Refinance: Three Hard Questions to Ask
Mortgage

Before You Refinance: Three Hard Questions to Ask

Refinancing your mortgage can be a lifesaver, especially if you have an adjustable-rate mortgage that's rising. But before you rush to refinance, answer a few important questions about your situation. The following Q&A might help you avoid difficulty down the road.

David  Mully
13 years ago
Participation Loans
Mortgage

Participation Loans

Lenders and borrowers can team up with other lenders and borrowers to reduce their exposure to risk and increase their profits. These relationships, which come in many flavors, are called participation loans. At one time in life, you may have considered going in on purchasing a boat or a mountain cabin with your friends. It's certainly true that, where money's involved, there's power in numbers. Pooling investment dollars is a popular practice-one that's resulted in the advent of mutual funds, REITs and the like. Participation loans follow the same concept, only the investment at hand is a credit facility.

Kara  Johnson
13 years ago