Is Your Credit Ready to Take on a Mortgage?
To help determine whether youre ready to take on a mortgage or not take a look at your finances. Two things that you really want to take a look at are your credit score and current debts. These two factors greatly determine how much home you can afford.Credit Scores.What determines a good credit ... more...

Private Mortgage Insurance (PMI)
If your down payment on a home is less than 20 percent of the appraised value or sale price, you must obtain private mortgage insurance, known as PMI, with your lender. This will enable you to obtain a mortgage with a lower down payment because your lender is now protected against any default on ... more...

What the Bank Wont Tell You About Mortgage Refinancing
So you have a mortgage, and you need to refinance to get your interest rates low. Most people simply walk into their bank, ask to refinance, and then end up paying more money long term than they would have otherwise. Some banks would like everyone who is refinancing to remain ignorant, but I am ... more...

4 Ways To A Low Mortgage Interest Rate
It is natural to want the lowest possible interest rate on your mortgage loan. A lower interest rate results in a lower monthly payment or allows you to afford more house for the same monthly payment. Here are four quick ways to get a lower interest rate on your next mortgage loan.1. Shorten The ... more...

Should You Pay Off Your Mortgage Early?
In the old days, when a mortgage was paid off, it was happily burned. Those days seem to be long gone. Very few people will stay in their home for the length of time required to pay of a 30-year mortgage. And even if you can pay it off early, it might not be best for you.There is a sense of ... more...

Reverse Mortgage Providing Peace of Mind Without Sacrificing Safety or Security
For many seniors one of their greatest sources of security is their home. It not only provides a comfortable and familiar environment, but it provides a sense of independence and a source of many fond memories. The equity in that home represents a financial nest egg and a legacy for them to pass ... more...

Short-Term Interest Rates on the Rise; Adjustable Rate Mortgage Holders Prepare for Increase in Rate
Interest rates are on the rise and many home owners who have adjustable rate mortgages may see increases in their forthcoming annual adjustments.Federal Reserve Chairman Alan Greenspan made it clear in 2004 that the Federal Reserve would be increasing short-term interest rates at a measured pace. ... more...

How and Why to Refinance Your Mortgage
Refinancing your mortgage can be a great way to reduce monthly payments, lock in a better interest rate, and gain additional time for repayment, but it should not be entered into lightly. Refinancing at the wrong time or for the wrong reason can actually result in you having a higher payment or a ... more...

How to Use Your Mortgage to Dramatically Increase Your Retirement Savings
Did you know that your mortgage can be used to dramatically increase your retirement savings? There are many ways to use your mortgage as a financial tool, but one of these ways that is most overlooked is that of using your mortgage to help you increase your efforts of preparing for retirement. ... more...

What is a Mortgage?
A mortgage is a loan, usually from a bank, finance company or building society to help you buy your home.A mortgage is a loan, from a bank or building society that is secured against your house or flat. You have to pay back everything you borrow from your lender within an agreed length of time (the ... more...

Refinance Mortgage Lenders - Finding The Best Refinance Lender
Finding a good lender to refinance your mortgage can be almost as important a decision as the actual mortgage you choose. In order to make a wise selection of a refinancing lender you should do four things:1.Know the objective of your mortgage refinanceDo you want to lower your current interest ... more...

Mortgage Marketing: What To Expect From Your New Website
The day has come for your new website to go 'Live'. After tweaking this and changing that you are finally ready for the herds of potential clients to bombard your website with promising loan applications. While you sit by your email program for a few hours waiting for that first application to come ... more...