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Dan Rafter

180 Articles

Dan Rafter has covered real estate, mortgage and personal-finance news for more than 15 years, writing for the Chicago Tribune, Washington Post, Consumers Digest and many others. A graduate of the University Illinois with a degree in journalism, he is editor of Midwest Real Estate News magazine and blogs on commercial real estate for that publication at rejblog.com, in addition to being a contributor for MortgageLoan.com.

Reasons a Loan Modification Might Be Denied
Mortgage

Reasons a Loan Modification Might Be Denied

What are some of the main reasons people are turned down for loan modifications? Aside from the obvious - like not enough income to maintain even a modified payment schedule - there are any number of less apparent reasons that can trip up someone who otherwise might be able to qualify and save their home from foreclosure.

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 12 years ago | 3 minutes read time
Choosing between a 15- or 30-year mortgage
Mortgage

Choosing between a 15- or 30-year mortgage

Fixed-rate mortgages come in two main types: 30-year and 15-year loans. Though there are other variations, such as 10-, 20- and even 40-year home loans, the 30- and 15-year terms make up the bulk of fixed-rate mortgages that are written.

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 6 years ago | 4 minutes read time