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Lies Mortgage Shoppers Hear
    December 2, 2002, Revised July 16, 2004 "I am about to shop the market for the mortgage I need to finance my home purchase.  Is there a danger that people won?t tell me the truth?  Any lies I should look out for in particular ... more...

Mortgage Interest Rate Fundamentals
4 October 2001, Revised November 11, 2004 Some of the questions about mortgage interest rates I get from readers are surprisingly basic.  I have to remind myself that one can graduate from college in the US, and even get a PhD, without ever hearing about interest rates in ... more...

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Equal Credit Oportunity Act
Equal Credit Oportunity Act (ECOA) Is a federal law that requires lenders and other creditors to make credit equally available without discrimination based on race, color, religion, national origin, age, sex, marital status or receipt of income from public assistance programs. ... more...

Delinquency
Delinquency Failure to make payments on time. This can lead to foreclosure. First, a mortgage becomes delinquent, when the borrower stops making payments. Second, the delinquency is either reinstated (payments are resumed) or the lender forecloses. ... more...

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Get Free payments calculate Quotes and Estimates

Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

Mortgage Calculator Hopes: The American Dream
A family and a home of my own. These are the dreams of millions of little girls. The harsh reality of adulthood can push those dreams done. Many times it's just because there seems no way. A mortgage calculator can crunch the numbers fast and show what it really takes to into a home. Savings, time ... more...

Flexible Mortgage Tips
Outlined below are some useful flexible mortgage tips. The most prominent addition in recent years to the mortgage industry has been the flexible mortgage. As the name implies, it offers greater flexibility than the traditional mortgage.Flexible mortgages are fast becoming the most popular way of ... more...

Debt Consolidation: Do It Yourself
Debt consolidation is a big business, especially on the internet. Companies advertise offering to lower your payments by 50% and claim to be nonprofits, giving consumers the idea that it will be cheaper through them. Its not. Many firms offer a debt settlement program in case you are unable to make ... more...

Buying a House? How Much Home Can You Afford?
Maybe youve heard the expert advice that your debt to income ratio shouldnt be more than 36 percent of your total income. But do you truly know what that means, and how lenders will look at your financial history in order to decide whether or not to extend you a mortgage? If you need help ... more...

Home Mortgage Loan Refinance - Refinancing a Fixed Rate Mortgage
Refinancing a fixed rate mortgage is usually only suggested when interest rates fall, but you can also save money by changing your loan terms. You can also pull out part of your equity to pay bills or renovate.Lower Interest RatesIn general when interest rates are at least 1% lower than your ... more...

Low Interest Credit Cards
Just about every credit card ad you read touts its wares as "low interest credit cards." To determine whether this is accurate or not, you're going to have to look past the headline and into the fine print for the details. Here is some basic interest rate information to help you determine if that ... more...

Mortgage Cycling: Mortgage Free in Ten Years
Mortgage cycling is a repayment strategy that promises to pay off your entire mortgage in ten years or less. To do this you need to make large payments to your lender twice a year. This means a $5,000 payment approximately every six months. This is all well and good if you have the cash; however ... more...

Mortgage Debt Elimination in 5 to 7 years!
Mortgage Debt Elimination shows that most home loan debts will be secured. Secured debts usually are tied to an asset, like your house for a mortgage. If you stop making payments, lenders can foreclose on your house.Unsecured debts are not tied to any asset, and include most credit card debt, bills ... more...

Five Simple Steps You Can Take to Improve Your Credit Score
You can improve your credit score by taking a few simple steps such as paying down your debt, reduce credit card charges, not opening new credit, and avoid filing bankruptcy.1. Pay your bills on time.Your payment history is the single most important factor in determining your credit score. In fact ... more...

Should You Choose to Refinance?
Refinancing has become a valid option for many individuals with high interest rates on their mortgage. Refinancing is essentially a replacement loan, with a different lender and (hopefully) a lower interest rate.So why would you choose to refinance?You may be able to take advantage of lower ... more...

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