Mortgage Loan Closing Costs for Refinance Loans and Home Purchase
If you are going to obtain a mortgage loan, for whatever purpose (home purchase or refinance) you are going to pay closing costs...period. Let me clarify regarding a purchase of a home...the seller may pay some or even all the closing costs in a transaction, but it essentially works out to just ... more...

Home Mortgage and Financing Terms
Every business has it's jargon and residential real estate is no exception. Mark Nash author of 1001 Tips for Buying and Selling a Home shares commonly used mortgage and financing terms with home buyers and sellers.-Adjustable rate mortgage (ARM): A type of mortgage loan whose interest rate is tied ... more...

Choosing a Mortgage Lender
Just as there are many types of mortgages and mortgage deals to choose from, there are also many sources where you can go to get a mortgage. Your key choices are to use a mortgage broker, a more general financial adviser, or shop around yourself and go direct to the mortgage lender. For many people ... more...

Mortgage Can Be A Long Engagement
Mortgage is a legal tool that pledges a real estate property as repayment in order to obtain a loan. Even though a person does not have enough funds to buy a property outright in cash, he can do so through mortgage. Mortgage provides the guarantee that the loan will be paid back on time. How so? ... more...

Getting Your First Home Mortgage Loan
As expected, buying a home for the very first time can be quite stressful, especially if you are not familiar with the entire process. Hopefully the information below makes you a little more knowledgeable in the specifics, as it is useful in obtaining a better offer when you are applying for a ... more...

Mortgage 101: First Time Home Buyers Must Read!
There is so much information available to the first time home buyer both on and offline; there really is no excuse for the home buyer to not be educated when going into the mortgage buying process. However, it can be difficult to gather all the mortgage facts and terms into one easy to understand, ... more...

Mortgage Glossary of Terms
A brief list of some of the most common Mortgage terms.Adverse Credit The term used if the borrower has a poor credit history. This could include previous mortgage or loan arrears, bankruptcy or CCJ's. Other terms used to describe an adverse credit mortgage include: Bad credit mortgagePoor ... more...

How Can You Avoid Mortgage Fraud?
Fraud is a growing crime in America. From mortgage fraud to identity theft, consumers are at a daily risk of becoming victims of fraud.Every year, misinformed homebuyers become victims of mortgage fraud. Most fraud schemes will target first-time homebuyers, minorities and seniors.Buying a home is a ... more...

How Homeowner Can Save Their Home From Foreclosure
Drive around and see how many signs you see that says House for Sale. How many lease purchases do you see? How many abandon houses are on your street? Our country is up against the wall with delinquence mortgages. FHA mortgage lenders are filing claims in the millions from HUD. How do I know? ... more...