Home | Ask Your Question | Mortgage Glossary
Mortgage Professor about buying home mortgage loan rate: 
Can You Help by Buying a Relative's Loan?
March 6, 2000 "My niece recently purchased a home and I want to help her by buying the mortgage and charging her less than the 8.5% interest she pays.  Its an FHA loan and I think she pays some bank. Can you tell me how to purchase the loan and become the lender ... more...

Should I Purchase the House For All Cash?
March 6, 2000 "My wife and I are both in our late 20s and would like to buy a home for $250,000. We have $500,000 in available assets, including cash, stock, and bonds, as well as $100,000 in retirement assets. We have no debt. We can afford to pay cash for the home. Should ... more...

buying home mortgage loan rate related definitions

Second Mortgage, Home Equity Loan
Second Mortgage, Home Equity Loan A secured loan (mortgage) that is subordinate to another loan against the same property. More specifically, the second loan in sequence. Generally, second mortgage hass a higher interest rate and with shorter terms than a ... more...

Adjustable Rate Mortgage, ARM
Adjustable Rate Mortgage (ARM) Also known as a variable rate mortgage. The interest rate on these mortgages changes periodically. Variable or adjustable loans are loans whose interest rate fluctuates over the period of the ... more...

More about buying home mortgage loan rate

6 Helpful Mortgage Tips
Here are some mortgage tips that can help you obtain a mortgage with less hassle, and at a lower overall cost: Determine how much home you can afford. Based on your income and any long term debt, know the maximum payments you can be certain of making comfortably. Home loans are serious ... more...

Home Mortgage Loans For People With Bad Credit - 3 Ways To Improve Your Chances For Getting Approved
Finding home mortgage loans are a reality for people with bad credit. By tapping into online home loan resources, you can find financing to buy a home. While adverse credit limits your chances with traditional lenders, the following three ways will improve your chances to get approved for an online ... more...

First Time Home Owner Mortgage Loans
First time home owners are sometimes surprised at the complexity of the mortgage lending process. If you are searching for a mortgage and you have never owned a home, there a few things you can do to make the mortgage process less confusing. First time home owners should educate themselves on the ... more...

Buying a Home After Bankruptcy - Beware of Shady Subprime Mortgage Lenders
If you have a recent bankruptcy and are looking to buy a home, be careful of unethical or predatory lenders. Whether you are looking online or offline for a mortgage lender, it is becoming increasingly more common that subprime lenders are taking advantage of bad credit borrowers.Many lenders will ... more...

Real Estate Lender - Get Approved For a Mortgage Loan Online
Real estate lenders now offer mortgage loan quotes and application online. You can be approved for a mortgage loan online in a matter of a few weeks. With online real estate lenders you can also be sure you are getting the best mortgage loan rate by requesting quotes.Online Mortgage LoansReal ... more...

Is an Interest Only Mortgage Right for You?
An interest only mortgage is a type of mortgage that a person pays the interest only for a set period of time, say 3 or 5 years. After that, the person starts paying on the principal plus interest for the rest of the term of the mortgage (ex. 25 years). During those 25 years, the interest rate can ... more...

The Mortgage Loan Application Online - Save Time & Money By Applying On The Internet
You can save time and money by applying for a mortgage loan online. This often touted tagline seems like a gimmick, but its true. Heres why:You Do The WorkBy researching your loan online, you save time from visiting an office and getting the run-around from loan officers. It is unlikely you will ... more...

Stated Income Mortgage Loan - Get Approved Online
A stated income or no doc mortgage loan allows individuals with difficult to document income to buy a home. With a documented credit score and reasonably stated income, you can qualify for a mortgage at a slightly higher rate. Online mortgage lenders allow you to easily compare rates on stated ... more...

Getting the Best Mortgage Rate
Buying a home is an expensive endeavor so getting the best possible mortgage rate should be one of your main priorities. By deciding to get the best mortgage rate possible you will be making a positive decision to help you for many years to come. However, just deciding to get the best mortgage rate ... more...

Mortgage Questions to Ask Your Lender
Buying and financing a home today can be overwhelming. Here are some questions to ask your lender so that you can make informed decisions.Are both fixed-rate and adjustable mortgage loans available? What is the interest rate?How long can I "lock-in" the financing at the current interest rate?Is a ... more...


Return to previous page   More articles
Shop For Your Mortgage Now!
Shop For Your Mortgage Now!

You'll be re-directed to Top-Lenders.com

 

Want to Know Your Rate?
Get Customized Mortgage Quote Instantly

ExplainingMortgages © 2005