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2 November 2015
Home equity loans are a smart and sensible way to borrow money, as long as you can avoid these pitfalls.
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24 October 2015
Choosing to refinance a mortgage isn't an automatic decision - you need to weigh the pros and cons.There are a few potential pitfalls to avoid as well.Here are some of the main ones to be aware of.
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12 October 2015
You can save plenty in interest payments[https://www.mortgageloan.com/calculator/mortgage-comparison-calculator] by taking out a 15-year fixed-rate loan instead of a loan with a longer term, such as a 30-year fixed-rate loan.
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17 August 2015
Lenders can't deny you a loan because you aren't married[https://www.mortgageloan.com/mortgages-unmarrieds-part-i-9446] or because you are divorced.They can't reject your loan application because you are widowed.
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10 August 2015
Back in 2001 when banks were liberal with home equity loans and allowed up to 125 percent of a home's equity to be borrowed, Atlanta real estate agent Bruce Ailion got a home equity line of credit for $75,000 on his home.
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8 August 2015
Conventional wisdom to the contrary, young people still want to become homeowners.A recent study by the Urban Land Institute[http://uli.
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27 July 2015
Cori Carl found it difficult to get a home loan from a bank in 2011, partly because she worked as a freelance marketing consultant and banks weren't too generous with loans to freelancers, who typically have an unsteady income.
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30 June 2015
Seeing the outstanding principal balance on a monthly mortgage bill can be defeating.If you're just into a 30-year mortgage or have had one for years, that grand total of principal owed can look like a dim light at the end of a tunnel you'll never reach.
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8 June 2015
The numbers are surprising: The Consumer Protection Financial Bureau[https://www.mortgageloan.com/understanding-cfpbs-new-rate-checker-tool-9834] in early May reported that about 45 million U.S.adults do not have enough of a credit history to have their own credit scores.
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29 May 2015
For many potential homebuyers, the cost of mortgage insurance can be a big turn-off.For those who can't come up with a 20 percent down payment[https://www.mortgageloan.
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10 May 2015
Want to get the best deal on a home? Pay cash.Want to outbid a bunch of other buyers seeking the same property? Pay cash.Want to buy a fixer-upper that the bank's leery of financing? Pay cash.
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16 March 2015
The offer sounds great: Your lender promises that when you refinance[https://www.mortgageloan.com/refinance-mortgage-part-2] your mortgage loan you'll be able to skip a month's mortgage payment.It's time to start fantasizing about what you'll do with all that money you won't be sending to your lender.
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23 February 2015
The idea that homeownership is a path to wealth has been behind U.S.housing policies for more than 50 years, and the effort to increase the rate of homeownership has failed miserably, according to the American Enterprise Institute (AEI).
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2 February 2015
Are you ever too old to apply for a mortgage loan? The legal answer is a definite "no." But the realistic answer is complicated.
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26 January 2015
A home is an ever-changing place, but there are some things that new homeowners can't change - or can't afford to change - when they become parents.
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19 January 2015
Plenty of expenses come with buying a home.Three of the bigger ones? Property taxes, homeowners insurance and, for many buyers, private mortgage insurance.Paying these bills can require homeowners to come up with $8,000, $9,000 or more than $12,000 a year, depending on where they live.
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6 January 2015
A new year has arrived, and with it a fresh crop of New Year's resolutions.
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15 December 2014
Coming up with a 20 percent down payment on a home can be difficult, especially for first-time homebuyers who don't have the equity that existing homeowners may have when selling one home so they can buy a bigger one.
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1 December 2014
Borrowing against the equity in your home is an easy way to access cash for a home improvement project or debt consolidation.The two most popular options are the cash-out refinance and the second mortgage.
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11 October 2014
CDs are important tools for personal financial planning.The following short items summarize some of the most important things to know about them.
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