The best Mortgage Loan News & Articles

Want to get your personal finances in order but you're not sure how?
Here at Mortgage Loan, we have a few tips!
Financing a Second Home? Use a Home Equity Loan
Home Equity Loans

Financing a Second Home? Use a Home Equity Loan

Buying a second home can pose some challenges you don't face when buying a home for your primary residence. The mortgage interest rates are higher. Lenders will scrutinize your credit reports and income documentation very closely to ensure you have sufficient income to meet all your obligations. The property itself may be difficult to qualify for a mortgage.

Dan Rafter
3 months ago
Converting your HELOC to a Fixed-Rate Loan
HELOC

Converting your HELOC to a Fixed-Rate Loan

Interest rates, like summer temperatures, have been rising. Many expect them to continue to do so, after a long run of historically low rates. As a result, many borrowers are looking to convert their HELOCs to a traditional mortgage or other type of fixed-rate loan.

Aaron Crowe
3 months ago
Proof of Income for a Mortgage
Mortgage

Proof of Income for a Mortgage

Income verification is a basic part of applying for a home loan. But there's more to providing proof of income than just handing over a couple of paystubs. You need to be able to show your earnings are stable. When making a down payment, you may have to be able to show the source of that money as well.

Kirk Haverkamp
3 months ago
The Ultimate Guide to Student Loans and Scholarships
Student Loans

The Ultimate Guide to Student Loans and Scholarships

Your brother got a free ride for college on a basketball scholarship, and your best friend has a hefty inheritance. Will you have to attend the local community college, or just wash a lot of cars to pay for the university of your choice? Don't worry…no matter your situation, there are loans to fit your needs.

David  Mully
3 months ago
Cold feet? Backing out of mortgage could cost you
Mortgage

Cold feet? Backing out of mortgage could cost you

It's not uncommon for home buyers to get cold feet when it's time to sign the papers that make their mortgage loan official. Taking on a monthly mortgage payment is a serious financial responsibility. Seeing all that new debt on paper can make even the calmest home buyer sweat a bit.

Kara  Johnson
3 months ago