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14 August 2014
People who are looking to minimize their monthly mortgage payment sometimes consider a 40-year loan.While this can be a useful product for some borrowers, it's one that you need to approach with caution.
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29 July 2014
What's the key factor in a lender rejecting a mortgage loan application? You may be surprised to learn that it isn't your credit score.
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25 July 2014
Just how hard is it to get a mortgage these days? Maybe not as tough as you think.
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24 July 2014
One of the better deals in real estate is coming to an end, as Fannie Mae is retiring its HomePath mortgage options for foreclosed properties this fall.
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23 July 2014
Struggling to make your mortgage payments each month? Worried that your lender is preparing to start the foreclosure process? You might be able to save your home -- and reduce your monthly mortgage payments at the same time -- with the help of your state government.
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22 July 2014
Think you need a large down payment to buy a home? Guess again.According to Freddie Mac, four out of 10 current homebuyers are making down payments of less than 10 percent.
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16 June 2014
Potential homebuyers routinely misjudge how much of a down payment they'll need to buy a home, often assumed they'd need 3-5 times more than is actually required.
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13 June 2014
The qualified mortgage rules that the federal government instituted in January to create safer loans has eliminated many interest-only loans, mortgage experts say, but not all of them.
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10 June 2014
Foreclosure activity continues to fall, with new foreclosure notifications in May hitting their lowest level since late 2005.
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3 June 2014
ARMs offer low rates, while fixed-rate mortgages offer predictable monthly payments.Now, a Washington, DC-area credit union is offering a loan that combines the best features of both.
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22 May 2014
Jumbo loan rates are very close to conforming loan rates in many markets, making bigger, more expensive homes more affordable while allowing buyers to stay within their budget.
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13 May 2014
Tight credit can be a challenge when it comes to buying a home, but it appears that many people are making it more difficult than it needs to be.
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10 May 2014
Adjustable-rate mortgages have been out of favor for some time, but with mortgage rates poised to start rising again, the potential savings they offer could draw borrowers back to them.
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2 May 2014
What happens to your mortgage if you should pass away before it's paid off? While it's not a pleasant thing to contemplate, it is something you should plan for if you want the property or its equity to pass to your heirs trouble-free.
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11 April 2014
Shopping for a mortgage can involve a steep learning curve.For many, it's a strange, new world of alien concepts and unfamiliar words.Adding to the confusion is that many of those concepts and words seem to be similar in meaning, but are actually quite different.
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9 April 2014
Lenders are introducing more mortgage offerings for jumbo loans, an indication that mortgage credit is easing for high-end borrowers even while it remains tight for everyone else.
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20 March 2014
Mortgages are closing more quickly, while credit requirements for obtaining a loan have eased significantly over the past year, according to a new industry report.
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3 March 2014
This year's brutally cold winter has many people thinking longingly of spring.It also has them thinking about home energy improvements.
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26 February 2014
Applying for a mortgage can be an intimidating process, particularly for first-time homebuyers.It doesn't help that there's a lot of conventional wisdom out there that is either misleading or flat-out wrong.
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6 February 2014
Getting a mortgage after a divorce can be a challenge.A divorce may end your marriage, but your finances can remain intertwined for years to come, adding to the challenge of qualifying for a loan.
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