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!
Home equity is growing. Should you tap it?
Personal Finance

Home equity is growing. Should you tap it?

According to the latest research from CoreLogic, homeowners across the United States gained plenty of home equity last year. That’s good news for homeowners, who can tap their equity for everything from paying down credit card bills to covering at least part of their children’s college education.

Dan Rafter
1 year ago
State programs provide assistance for first-time homebuyers
FHA Loans

State programs provide assistance for first-time homebuyers

The thing about being a first-time homebuyer is you only get to do it one time. Buying your first home happens just once, giving you the chance to take advantage of lending programs meant to help people buy their first home with low down payments and low credit scores, such as an FHA loan.

Dan Rafter
1 year ago
Is your real estate agent looking out for you?
Home Purchase

Is your real estate agent looking out for you?

Your real estate agent is supposed to represent your best interests, right? If you’re selling a home, your agent’s job is to earn you the highest sales price. If you’re buying, your agent’s priority should be to get you into your new home for the lowest price.

Kara  Johnson
1 year ago
How much will your mortgage payment really be?
Mortgage

How much will your mortgage payment really be?

Think you know how many dollars you'll be sending to your mortgage lender each month? You might not. That's because your monthly mortgage payment is more complicated than you might think. You wouldn’t be the first new homeowner to not understand that a monthly mortgage payment isn't just made up of the money you pay to reduce your loan's principal balance and cover the interest it generates.

Kara  Johnson
1 year ago
8 reasons to refinance your mortgage
Mortgage

8 reasons to refinance your mortgage

With home loan interest rates seeming to hit lows often, it can be maddening for homeowners who want to refinance their mortgage at the lowest interest rate they can find. What’s low today could be lower tomorrow.

Kara  Johnson
1 year ago
Should you avoid PMI? Or buy now?
Home Purchase

Should you avoid PMI? Or buy now?

It’s a type of insurance no one likes to pay: private mortgage insurance, an insurance that protects mortgage lenders if you eventually default on your mortgage loan. Depending on the size of your mortgage, private mortgage insurance, better known as PMI, can add $100 or more to your monthly mortgage payment if you don’t first come up with a down payment of 20 percent of your home’s purchase price.

David  Mully
2 years ago
Thinking of refinancing? An ARM might make sense
Mortgage

Thinking of refinancing? An ARM might make sense

The days of interest rates hovering near 3 percent for fixed-rate mortgages seem to have disappeared, with the Freddie Mac Primary Mortgage Market Survey reporting that the average rate on a 30-year fixed-rate loan stood at 4.45 percent as of Jan. 10. This doesn't mean, though, that there aren’t any reasons to refinance your existing mortgage loan in 2019.

David  Mully
2 years ago