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Kara Johnson

191 Articles

Kara is a novelist, poet and large-scale sculptor in addition to being a contributing writer for MortgageLoan.com. She lives with her family in Rye, New York and is a graduate of Hampshire College.

New Rules to Control Inflated Home Appraisals
Home Purchase

New Rules to Control Inflated Home Appraisals

For years, appraisers have complained that they're routinely pressured by mortgage brokers to tweak home values and influence housing prices up or down. But now, fresh regulations are going into effect that are intended to put a stop to this kind of unfair tampering and tinkering.

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 12 years ago | 2 minutes read time
Locking in your mortgage rate
Mortgage

Locking in your mortgage rate

Every borrower wants to get the lowest mortgage rate. But mortgage rates don't stand still. They fluctuate, moving up and down over a period of days, weeks, even hours. Given that it can take a month or two to close on a home or a mortgage refinance, how can you pin down a low rate and be sure it will still be available to you when it's time to sign the papers?

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 5 years ago | 4 minutes read time
Fannie Mae Eases Mortgage Refinance Rules
Mortgage

Fannie Mae Eases Mortgage Refinance Rules

Mortgage applications have been on the rise lately, as rates for home loans have dropped to historic lows. Now, Fannie Mae would like to further increase the number of people looking for a mortgage refinance. They've loosened guidelines, allowing people with poor credit easier access to a new home loan.

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 12 years ago | 2 minutes read time
Dangers of the Interest-Only Mortgage
Mortgage

Dangers of the Interest-Only Mortgage

Taking out an interest-only mortgage as a way to borrow more and pay less on a monthly basis can be dangerous. In looking for an affordable way to purchase your dream home, you may have considered an interest-only mortgage.

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 10 years ago | 3 minutes read time