Mortgage Articles

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Loan and Interest Rates

Whether you are purchasing a new home, or refinancing and existing mortgage, do your homework to ensure you are getting the best mortgage program and best home loan for you. So, how do you accomplish this? More

Mortgage and Payment Options

If you are considering refinancing your home or purchasing a new one you need to look at your short and long term goals to determine which mortgage and payment options will best fit your needs. Why is this important? More

Second Mortgage

If you need some cash and are considering accessing some of your home’s equity, instead of refinancing your first mortgage, consider a second mortgage instead; a second mortgage just might be your better deal. More

The Wisdom of Mortgage Refinancing

A mortgage refinance is when you renegotiate the terms of your home mortgage. Home loan or mortgage refinance is done to alter your payment schedule, raise or lower payment amounts, change between fixed or floating interest rates, and to achieve a better rate of interest. More

Low Refinance Rates Save You Money on Your Mortgage

When considering making changes to any of your financial services that should be the first person you contact. However, there is a lot to know before you are even ready to make the decision to discuss refinance rates with your banking professional. More

Mortgage Payment Types and Terms

When you take out a loan to purchase a home, one of the major decisions you will face is how long you wish to take to pay it off. The length of time the loan is financed over is referred to as the mortgage payment term. More

Understanding Home Equity and Debt Consolidation

For the great majority of people, the single largest investment they will make is the purchase of their home. Similarly since almost no one is able to afford the outright purchase of a home, their home loan or mortgage is also the largest debt undertaking they will make as well. More

Mortgage Basics

You may have the desire of getting a home of your own, but lack of finance may prevent you from fulfilling your dream. This is where a mortgage can help you. It provides a financing option that can make your dream come true. More

Discount Points Can Lower Your Interest Rate

Discount Point, also known as point, is a kind of fee which a lender charges at the time of closing, when the relevant documents in a mortgage deal are signed. These points include prepaid interest which if paid by a borrower can offer him a loan with lower interest rate for the entire loan term. More

Do You Need an Appraisal for Your Mortgage?

An appraisal involves the evaluation of the market value of real property including mobile home. It gives an estimate of the price that can be obtained by selling the property in a competitive real estate market. More

Mortgage From a Bank or Credit Union?

Mortgage loan programs available with the bank, lender or the credit union may differ in various aspects. In order to get the best of their services, you need to know how these organizations differ and how you can benefit from each of their services. More

Credit Score and Its Importance

The very first thing that your loan officer checks when you apply for a mortgage or any kind of credit is your credit score. You are rated in terms of the score which in most cases influences the amount you borrow. More

Basics and Importance of Down Payment

A down payment is the amount of cash deposited towards the purchase of a property, whether residential or business property. The down payment is not included in the loan amount. More

What Closing Expenses Should You Expect?

Closing Costs are the expenses of the borrower at the time of closing of the mortgage loan. These costs comprise of the following charges: More

Second Mortgage - Features and Benefits

Second Mortgage is a home loan taken against home equity that is kept as collateral for the loan. It carries rights subordinate to those of the first mortgage. More

Common Mistakes When Looking for a Second Mortgage

Getting a second mortgage or a home equity loan involves similar costs as in case of the first mortgage. So you should look out for a loan program offering suitable rates and terms so that you can pay for both the mortgages simultaneously. More

Common Mistakes When Refinancing Your Mortgage

The process of getting a refinance loan is similar to getting a mortgage loan for the first time. Refinancing involves a lot of money towards the payment of closing costs. More

Advantages of Online Refinancing

Wondering how to take best advantage of nowadays exquisite refinancing opportunities? Before you start calling mortgage lenders, read about the benefits of online refinancing and learn how to save even more time and money with your home refinance. More

Mortgage Rate vs. Mortgage Term

Find out what is the correlation between Mortgage rate and mortgage term. Each of them plays an important role when lenders determine your monthly mortgage payment and overall amount of your debt. More

Want a Low Mortgage Rate? Do Your Homework!

A low mortgage rate will clearly result in a low monthly payment. But how can you secure one for your next mortgage loan? Take a deeper look at the mortgage market and how to benefit from its fluctuations. More

Finding the Best Mortgage Interest Rate

What is the best approach to finding and locking in a low mortgage rate? Find out in this article as well as hints about researching various mortgage lenders. More

Is an Adjustable Rate Mortgage Right for Me?

Adjustable rate mortgage or ARM offers a low monthly payment at the beginning of the loan. Is that just a bait or one can really benefit from and ARM? Learn more about adjustable rate mortgages in the following article. More

Should I Consider Mortgage Refinancing?

How can you decide whether to undertake a mortgage refinancing or stick to your current mortgage terms? Learn what are the basic situations or reasons why one should consider mortgage refinancing and then decide for yourself. More

Get Home Loan Quotes Online and Save

How to use the Internet to your advantage while shopping for a home loan? It's not as difficult as you might think. Read on to find out what is the easiest way to compare home loan quotes online and save both time and money on your next mortgage. More

Who Offers the Best Home Mortgage Refinance Rates – Large or Small Lenders?

What to choose - big or small lender? Each lender is different so you'd better choose wisely. The following article reviews the pros and cons of each group to give some idea about what to expect. More

Home Equity Loan Rates vs. Other Loan Rates

Are home equity loan rates higher than other mortgage loans? Which type of mortgage loan is cheaper than home equity and why? Read on to find out if a home equity loan is the best solution for your needs. More

Mortgage Refinance Options

You have heard that refinancing can be quite advantageous these days. What are your Mortgage Refinance Options? Find out what products will your eventual lender offer you and what are the advantages of each option. More

Why Is My Mortgage Refinance Rate So High?

Are you wondering why your mortgage refinance rate is too high? Learn what factors influence your rate in the following article. More

When is a Good Time to Refinance Your Mortgage?

How to know when is the right time to refinance your mortgage? In the article read about factors that contribute to the overall cost of mortgage refinancing. More

Why Jumbo Mortgages Are More Expensive?

Are you looking to get a home mortgage loan? In this article you can read about the features of a jumbo mortgage loan. More

Time for Home Improvements? Refinance Your Mortgage Loan!

Are you planning to do some home improvement? You need money to finance your project? Refinancing your mortgage loan could be the answer. More

Mortgage Refinance in 2010

Do you want to know if mortgage interest rates going to change in the next few months? In this article read whether it is now a good time to consider refinancing. More

Advice on First Time Mortgages

First time mortgages have their own specifics. Some mortgage loans have advantages over others and some options are only available for the first time mortgage buyers. Dive into more details with this article. More