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The Critical Role of the REALTOR®
Category: Real Estate/National
... 45. Obtain current mortgage loan information; company and loan account numbers 46. Verify current loan information with lenders 47. Check assumability of loans and any special requirements 48. ...Friday, 11 January 2008 -
The Mortgage Checklist
Category: Real Estate/Mortgages
When you apply for a mortgage, you'll need to supply the lender with several documents to verify your debts, income and assets. These documents will be used to calculate how much you can afford to ...Wednesday, 26 December 2007 -
Should you Refinance your Adjustable-Rate Mortgage?
Category: Real Estate/Mortgages
Adjustable-rate mortgages (ARMs) are risky, but they certainly have their uses. If the interest rate on ARMs is low and you're planning to sell after a few years, it can be a definite money-saver compared ...Wednesday, 26 December 2007 -
How Much Can You Afford to Borrow?
Category: Real Estate/Mortgages
... your income and expenses to determine how big a mortgage you can take on. You'll also need to calculate how much money you'll have for a down payment, since this will affect the size of the mortgage ...Wednesday, 26 December 2007 -
Make your condo purchase a smart one
Category: Real Estate/Buyer
... of renters? Mortgage lenders know the risk of foreclosure default in condo complexes with more than 20 percent to 30 percent renters is very high. Many lenders either refuse to finance units in such ...Wednesday, 26 December 2007 -
Is it Time to Sell?
Category: Real Estate/Seller
... job. If you have the funds or access to a loan. If you're refinancing to cover the cost of remodeling, make sure you can keep your mortgage debt total below 80% of your home's value after remodeling ...Wednesday, 26 December 2007 -
When to Fire Your Mortgage Lender
Category: Real Estate/Mortgages
Buying a house is the most significant purchase that most people will make in their lifetime. It's important to use a reputable mortgage broker that you can trust - don't ignore the warning signs of ...Wednesday, 26 December 2007 -
Investing in Foreclosures
Category: Real Estate/Investing
A foreclosure occurs when a borrower defaults on a mortgage loan. As the process begins, the lender often gives the borrower ample time to repay the back due portion of the loan. However, when the ...Wednesday, 26 December 2007 -
The Truth About Private Mortgage Insurance
Category: Real Estate/Mortgages
Private mortgage insurance has become a common way of offsetting the risk for mortgage lenders when buyers have a small down payment. If your down payment on a property is less than 20% of its appraised ...Wednesday, 26 December 2007 -
Choosing Your Ideal Neighborhood
Category: Real Estate/Buyer
... as a top priority when considering where to live. Try going to HomePages.com -- where you can view homes for sale and the nearest amenities on an interactive map. Costs in Addition to the MortgageIn ...Wednesday, 26 December 2007 -
TV star reveals home-flipping secrets
Category: Real Estate/Home Improvement
... mortgage types available, recommending the interest-only alternative because the holding period for most flipper houses is usually less than six months -- so mortgage amortization is not important. ...Wednesday, 26 December 2007 -
Tips for First-time Buyers
Category: Real Estate/Buyer
... get a loan. If you must have that new car, wait until closing is completed before you buy so that your purchase doesn't affect your mortgage eligibility. Investigate "Hidden" Costs Closing costs ...Wednesday, 26 December 2007 -
Cut Your Closing Costs
Category: Real Estate/Buyer
... at closing. Normal Closing CostsClosing costs can be highly variable since they're dependant on the size of the mortgage and the value of the property. Typically, closing costs are between three ...Wednesday, 26 December 2007 -
Overcharges Run Rampant in Home Loans
Category: Real Estate/Mortgages
Consumer groups believe that lenders should be held liable if they allow borrowers to take home mortgages that aren't suitable for them. In prior articles in this series, I concluded that a suitability ...Wednesday, 26 December 2007 -
How Long Should Your Mortgage Be?
Category: Real Estate/Mortgages
When you're taking out a mortgage on a home, you have many factors to consider. The term of the loan is definitely one of your most important considerations. Mortgages are available with 15-, 30-, ...Wednesday, 26 December 2007 -
All About Escrow Accounts
Category: Real Estate/Mortgages
... payments on property taxes and insurance. Usually a mortgage lender will collect these funds and place them in the escrow account, and then pay insurance and tax bills when they are due. The mortgage ...Wednesday, 26 December 2007 -
Deciding on a Mortgage Lender
Category: Real Estate/Mortgages
Getting a mortgage isn't always a case of simply heading down to your bank and applying. There are several different types of institutions that arrange mortgages, and you may want to consider your ...Wednesday, 26 December 2007 -
Mortgage Glossary
Category: FAQs/General
Mortgage Glossary A B C D E F G H I J L M N P R S T U V W Z Affordability - This is an estimate as to how much a person can afford in order to purchase a home. Affordability gives the consumer ...Wednesday, 26 December 2007 -
Everything You Need to Know About Mortgage Interest Rates
Category: Real Estate/Mortgages
Federal Rates Mortgage interest rates are dependant on federal interest rates, which are influenced by the Federal Reserve. The aim of the Federal Reserve is to stimulate the economy while avoiding ...Wednesday, 26 December 2007 -
Is an Interest-only Loan for You?
Category: Real Estate/Mortgages
... or take out an interest-only mortgage. Advantages of an Interest-only Loan Lower RepaymentsThe practical result of taking out an interest-only loan is that your repayments are substantially lower ...Wednesday, 26 December 2007 -
Tighter Lending Rules Could Backfire
Category: Real Estate/Mortgages
... Such indignation is one important motivator for recent demands that government should require that all home mortgages be "affordable." While affordability is a difficult concept to define rigorously, ...Wednesday, 26 December 2007 -
Four Reasons for Getting a Home Equity Loan
Category: Real Estate/Mortgages
A home equity loan is one which lets you borrow money using the equity in your property as collateral. Equity is the amount of money you've already paid on your mortgage. With a home equity loan, ...Wednesday, 26 December 2007 -
How to Find the Best Loan for You
Category: Real Estate/Mortgages
If you're not familiar with the various types of mortgages and loans, you stand the chance of paying out thousands of dollars more than you should during the life of your loan. There are several ...Wednesday, 26 December 2007 -
When you can and can't claim homeowner tax breaks
Category: Real Estate/Mortgages
DEAR BOB: My husband and I recently purchased our first home. Although we both earn good money, our credit isn't so good. On the advice of our mortgage consultant, we obtained an interest-only 100 ...Wednesday, 26 December 2007 -
How to Finance a Remodel
Category: Real Estate/Mortgages
... your home and is normally capped at 80%, minus the balance of your mortgage. Now you’re ready to start thinking about the type of loan you want. You can refinance your existing mortgage, or take ...Wednesday, 26 December 2007 -
The New 40-Year Mortgage
Category: Real Estate/Mortgages
The idea of the 40-year mortgage has been around in America since the 1980s, when interest rates reached record highs of over 18%. With those massive interest rates, the affordability of monthly mortgage ...Wednesday, 26 December 2007 -
Borrowers get tips on dealing with mortgage brokers
Category: Real Estate/Mortgages
Borrowers who don't know how to deal with mortgage brokers waste their own time as well as that of the brokers. Borrower ignorance also encourages brokers to be hustlers rather than professionals. In ...Sunday, 23 December 2007 -
Vacation cottages can be challenging to buy, own
Category: Real Estate/Buyer
... with today's local zoning and construction requirements. Unique methods of financing the purchase of a vacation cottage are explained, but without great detail. Hunter suggests contacting local mortgage ...Sunday, 23 December 2007 -
Mortgage Mistakes to Avoid
Category: Real Estate/Mortgages
Whether you're a first-time home buyer or need to refinance, it's imperative that you do some research before obtaining a mortgage. Many consumers take the first loan offered to them and end up paying ...Sunday, 23 December 2007 -
Best Way to Buy Home That Needs Repairs
Category: Real Estate/Buyer
... of the buyers' closing costs and thereby frees up cash for repairs. Before you ask for either a price reduction or a credit -- particularly if the amount is large -- be sure to talk with your mortgage ...Saturday, 22 December 2007 -
How to Find a Good Investment Property
Category: Real Estate/Buyer
... annual rate of 3.64% of the home's market value. Mortgage interest on investment properties is tax-deductible. Do your homework, choose your properties carefully and watch your investments grow. ...Saturday, 22 December 2007 -
Increase Your Home’s Value through Energy Efficient Upgrades
Category: Real Estate/Home Improvement
... and help keep your home cool. Using an Energy-Efficient Mortgage to Finance Remodeling Major remodeling jobs that are planned with energy efficiency in mind can be expensive. This kind of remodeling ...Saturday, 22 December 2007 -
Secrets to Making a Lowball Offer
Category: Real Estate/Buyer
... relative, and they just want to get the whole thing over with. Maybe they’ve defaulted on their mortgage payments and the house is foreclosing. These are motivated sellers and they’re more willing to accept ...Friday, 21 December 2007 -
Moving out may bring faster home sale
Category: Real Estate/Seller
... loan was denied. The IRS agent said the interest is not deductible because the $50,000 loan is not secured by a mortgage on our home. Is this correct? --Gerry T. DEAR GERRY: Yes. For home mortgage ...Friday, 21 December 2007 -
Shopping for the Best Mortgage
Category: Real Estate/Mortgages
Mortgage rates are on the rise, but historically speaking they are still fairly low. As a result of the favorable mortgage market, lenders have produced several new creative financing options ...Friday, 21 December 2007 -
Mortgages
Category: Category