Fixed Rate Mortgage Loans - Understand the Pros and Cons of the Fixed Rate Mortgage
There are many benefits and drawbacks to consider when deciding if a fixed rate mortgage is right for you. It is important to look at all options when it comes to something as important as getting a mortgage for your new home.There are a few benefits to fixed rate mortgages. One benefit is that the ... more...

Refinancing After Bankruptcy - Tips on Refinancing Your Home Mortgage After a Bankruptcy
Have you filed bankruptcy since you bought your home? Are you now looking to take advantage of lower interest rates by refinancing your home? You will probably soon realize how much more difficult it is to finance or refinance a home after a recent bankruptcy. It is not impossible though. There ... more...

Imagine Cutting Over $8,000 Off Your Mortgage This Year
I once helped a customer cut over $700 off his monthly mortgage payment. That's right, over $8,000 each year and over $40,000 in just five years. Now, not everyone can save this much, but if you have a loan that is over $200,000, you could come close to this, if you refinance your fixed rate ... more...

Adjustable Rate Mortgage Loans - Understanding The Basics
Adjustable rate mortgages (ARM), developed when mortgage interest rates were high, can help you finance the purchase of a home with low interest rates. An ideal choice for those who expect their income to rise or move in a couple of years, an ARM also increases your risk for higher payments. ... more...

Home Equity Line of Credit or Second Mortgage Loan Online - Things To Do With Your Homes Equity
If you are wanting to get a home equity loan, rates are still low enough that you may want to make use of that equity in your home. Do you need some ideas on what you could do to multiply your equity or make some extra money off of the capital that could be available to you?Here are some ... 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...

Mortgage Prepayment Penalties - Just Say No
One of the most common terms found in a new home loan is a prepayment penalty. This type of penalty says that if the borrower pays off the loan early, commonly during the first five years of the loan, then the borrower will be responsible for paying an additional amount of money, typically about ... more...

Mortgage Calculator How to Calculate Your Monthly Mortgage Payment
Just starting to shop for a new home? Do you want to know how to figure what your monthly payment would be based on a certain priced home? No problem, there are plenty of mortgage calculators on the web you can use free of charge (click here for an example of one). All you need to know is the ... more...

Mortgage Costs and Fees Defined
If you are getting ready to buy a new home or to refinance your present home, you can benefit considerably by educating yourself on the basic costs and terms connected with mortgage loans and payments. Knowing in advance about current interest rates, discount points, loan fees, principal, interest, ... more...

Low Income Home Loans - FHA and VA Mortgage Loans Can Help You Get Approved
If you have low income and are looking to get approved for a home mortgage loan. There are many programs available to help you get approved. Whether you are looking to purchase a new home or to refinance your existing home, with the following low income home loan mortgage programs, almost anyone ... more...

What Exactly is a Mortgage Broker and How Can He/She Help You Save Thousands on Your Mortgage?
Have you ever heard of a mortgage broker before? If you havent, then you definitely need to give yourself more options whether you are applying for a new home loan or are refinancing your current loan, and learn what they are all about. Mortgage brokers can help you save thousands over the life of ... more...

Mortgage Cycling May Be Your Best Bet For Equity Buildup and Investment Real Estate
Mortgage cycling is a system that relies on solid budgeting, equity lines of credit and use of an open credit card. Whether you use this on investment real estate or your own home, it can work for wealth building. If you are short on equity in your home and/or don't have an open credit card, a ... more...

Mortgage Tips from Me to You
Our first suggestion is to save, save, and save some more. The idea behind this is to enable you to make the largest initial down payment on your new home as possible. We know how difficult it can be to save, but this could save you thousands of dollars in the long run. Wouldnt it be great to be ... more...

Mortgage Loans After Bankruptcy
Many people believe that once they file for bankruptcy they will have a difficult time getting a mortgage loan. However, there is still hope for being approved even with a recent bankruptcy. If you have bad credit and apply for a mortgage loan, more emphasis will be placed on your income your down ... more...