Some Info About FHA Loan Guidelines

Here is some information about FHA loan guidelines. Many people believe these loans can be hard to get, but it’s much easier than obtaining one of the conventional loans today. HUD (dept. of housing & urban development) has their own government program designed to help Americans get qualified for home loans. During our recent economic […]

How To Understand Mortgage Basics

To be able to buy that home you always wanted usually means obtaining a mortgage. The term ‘mortgage’ is synonymous with ‘loan’. These are what you obtain from your bank or some other lending agency. Because most people cannot buy a home with cash, then loans are their most common option. Here are a few […]

The Pros and Cons of Paying off Your Mortgage Early

Your mortgage is one of the largest types of debt that you have going right now. If you’re not careful, it can bury you alive. However, what happens if you actually run into a time in your life where you have the ability to pay your mortgage off early. That’s when you really need to […]

How To Stop Or Delay The Process Of Foreclosure

Since the start of the economic downfall, President Barack Obama has come up with mortgage modification programs that aimed to help homeowners.  However, it seems that his efforts were not enough to stop homes from getting foreclosed.  Many became homeless and the number is continuously rising.  But his efforts were not entirely a total flop […]

Understanding The Basics of Refinancing

Refinancing in a nutshell is obtaining a loan that will pay for the principal and the interest of your current loan. This is done so people can take advantage of lower interest rates than when the loan was first taken out. This will usually add years to the loan but it also saves thousands over […]

The Six Largest Mistakes With Mortgages

Home loans are the largest debts and monthly expenses most of us will have in our lifetimes, so we need to avoid the largest mistakes with our mortgages to save money, time, and much aggravation. (1). Not Comparison Shopping – Like any other kind of shopping, you need to find several and compare. This is […]

The Basics of Mortgage And Finance For Homeowners

Because of the way lenders and banks got burned by the harsh sub-prime mortgage crisis, they’ve made it much harder for people to obtain mortgage and finance. But for those with a good solid paper trail and good financial capabilities, it still isn’t so hard. In fact, the banks have made a full recovery since […]

How to Choose The Right Mortgage Broker

Locating the right mortgage broker is a critical component to any home loan process. Many times they can make all the difference between a great loan and suffering financial downsides. Mortgage brokers function like middlemen or go-betweens working with yourself (the client) and the lenders (financial institutions). They are good guides, taking you through the […]

Critical Steps in Getting Your Home Mortgage Loan

Everybody knows buying a new home is not simple. One thing that contributes to this is the application to obtain your mortgage loan and to finance your new home. Once you jump over that hurdle, then it’s on to the next, which is the absolute best part – looking for that dream home. In order […]

Mortgage Loans And The Interest Rates

A mortgage is an agreement, a document drawn up between yourself and a lender. It uses your property as the loan security for whatever amount you get from the lender. It’s a legal and binding agreement. It ensures the this property will not be sold out unless the amount owed is cleared. These loans contain […]