Buying a Home? Don't Get Saddled with Two Mortgage Payments
I have a lot of friends and family who are currently buying houses. Many of them have had a problem with timing. In other words, they buy a house and sign a contract that says that they have to pay the seller in 30 days. (Incidentally, it's never wise to go less than 45 days.) Now, it takes two ... more...

Discover the Best Home Mortgage Rates
There are many people out there today that are looking to buy either their first home or their dream home. But in order for most people to do this, they need to get a home mortgage (also known as a home loan). There are many places to go in order to get a home mortgage. But before purchasing a ... more...

Mortgage Broker or Assassin? A Banker Who Offers You This Loan May be Trying to Kill You!
What if a banker or mortgage broker told you he's loan you 25 percent above the value of your home? You might think it sounds great, but I sure hope you'd say no. This is a loan only the most money-hungry and unscrupulous loan officers will sell. Few, if any, banks will do them. There are ... more...

Is Home Mortgage Refinancing Really Worth It?
Is it really worth it? Excellent question... since the refinancing process can take upwards of 2-3 months to complete, plus the expenses and hassles of refinancing may outweigh the benefits.Not everyone should refinance just because rates are lower. The general rule of thumb is to consider ... more...

Reverse Annuity Mortgage Tapping Into Your Equity
Reverse annuity mortgages (RAM) were created to allow older Americans to tap into the equity of their paid for or nearly paid for home. Homeowners receive a tax-free payment each month, and the mortgage is paid when the home is sold. Before you choose a RAM, make sure you have evaluated the risks ... more...

What is a Reverse Mortgage?
Simply stated, a reverse mortgage is a loan that enables homeowners (age 62 and older) to convert part of the equity in their home into a tax-free income without having to sell the home, give up the title, or take on a new monthly mortgage payment. More and more homeowners are using this to ... more...

Find the Best Mortgage Company
If you do not wish to commit to living in one place for at least a few years, then owning a house is probably not for you, at least not yet. With the transaction costs of buying and selling a home, you may end up losing money if you sell any sooner. But if you think you are ready, you probably need ... more...

Low Interest Mortgage Rates - How To Find The Lowest Interest Rates On Real Estate Loans
You can find low interest rates on a real estate loan by choosing the right type of mortgage, improving your credit factors, and researching rates. Sometimes the lowest interest rate may not be the best choice for you, especially if you sell your home in a couple of years. To find the best ... more...

New Home Loan - Understand The Various Types Of Mortgage Lenders
So, youve decided to buy a house, and youre ready for that all important next stepapplying for a mortgage loan. But where should you go? After all, the mortgage business is complex, and youve realized quickly that your choices for lenders are immense. Heres a quick guide to help you understand all ... more...

Types of Mortgage Loans The Basics
In the past, homebuyers more or less had limited mortgage loan options. These days, there are more options than you can shake a stick at, but heres a primer on the basics.Mortgage LoansWith the real estate market explosion over the last 10 years, a call has gone out for unique mortgage loan ... more...

The Reverse Mortgage - What The Heck Is It Anyway?
Are you 62 or older and own your own home? Then, you probably qualify for a reverse mortgage.But, what the heck is it anyway? Well, if you still have a conventional mortgage ... or had one until you burned your loan papers ... this is simply the reverse of what you have or had.A reverse mortgage ... more...