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Mortgage Professor about home loan products: 
Who Gets the Lowest Mortgage Price?
May 16, 2005 "Is there an optimum combination of loan features that usually commands the best prices, year in and year out, over a variety of products?" Yes, the following combination of borrower, property and transaction features commands the lowest price. ... more...

Financing Home Improvements
  July 21, 2000, Revised March 22, 2004 "I want to make major renovations to my home. I know they will substantially enhance its value. What is the best way to get the financing I need?"  Tap your ... more...

home loan products 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...

Home Equity Loan
Home Equity Loan A home equity loan is borrowing against the equity you have acquired in your home. Lets suppose your original mortgage was $175,000.00, but your house is worth $225,000.00. The difference is $50,000.00. ... more...

More about home loan products

Get Free home loan products 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...

The Debt Test: Are You Making Out a Mountain Out of Your Mortgage?
According to the Council of Mortgage Lenders, first-time buyers are the most susceptible group of homeowners to debt, as they are more likely to have higher loan-to-value ratios and commit a higher proportion of their income to mortgage repayments. Despite their susceptibility to debt, there is ... more...

Mortgages for Dummies: Option Adjustable Rate Mortgages
Housing prices are at record highs. This has made purchasing a new home a very expensive proposition. In response to this mortgage lenders began offering products with lower monthly payments; this allowed people to qualify for larger loan amounts.The problem with these new loans is that they come ... more...

Home Equity Lines of Credit Vs. Other Conventional Loans
When it comes to getting money, you have two basic options. If you are a homeowner you can choose to take out a home equity line or credit (HELOC), or you can take out a conventional loan. Both of these products will provide you with the funds needed, but the similarities end there. With varying ... more...

If Youre Looking To Borrow Larger Sums of Cash a Home Equity Loan Could Prove Ideal
There are a number of different loan products available today, and the one that you select will depend upon your circumstance and budget as well as on the amount of cash that you need to borrow. If you are a homeowner and youre looking to borrow a fairly substantial sum of money at a low rate of ... more...

Home Base Loan Officer Positions
If you are a loan officer looking for a little more freedom and flexibility in your work day, you may want to consider a home base loan officer position.Most mortgage broker shops will allow for you to work from home once they have trained you on their system and have acclimated you to their ... more...

Obtaining a Home Equity Loan Online
Private lenders, banks, and mortgage companies are all setting up shop on the internet, and all make it possible to obtain a home equity loan online. Competition between lenders is stiff, so be sure to check a few companies that offer applications about their rates, products, and customer service.A ... more...

Option ARM Mortgage Loan - Is This Really for You?
What happened to the days of a 15 or 30 year fixed rate mortgage loan? Ultimately this is the safest and most popular mortgage loan product in our industry, but new mortgage products are hitting the market, and we in the mortgage business are using them to our advantage; ever heard the radio ... more...

Online Mortgages in 5 Easy Steps!
We're all entitled to the opportunities and benefits of home ownership. But because most of us aren't loaded with cash, we must find banks and lenders to assist us with finance. No matter what your credit history is, or what your circumstances are, the internet has now made this process a billion ... more...

No Deposit Home Loans
A few years ago, many of us would have had a light chuckle to ourselves if someone mentioned that you could borrow money to buy a house with only the promise of solid future earnings. But today this is a regular occurrence. Many of the industrys non-conforming lenders are selling these financial ... more...

5 Things In Selecting The Best Mortgage - You Should Know
Your goal is not only to find the best rates and programs, by searching through a huge number of lenders products, and save yourself thousands of dollars on mortgage payments every year, but also, to save time and hassle by simplifying the loan process and reducing the paperwork. Here are some ... more...

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