Financing

Back to homepage
Financing

First Home Considerations and Tips

Tweet While there is room for economic improvement nearly everywhere, first-time home shoppers may find the market approachable with good values and low mortgage rates to be had. The following

Home Financing

Prepay Your Mortgage and Own Your Home Sooner

Tweet A mortgage means that someone else has a stake in your home with you holding the remaining stake. You’re only a partial homeowner until that mortgage is paid off,

Financing Home Financing

What You Need to Know About Zero Down Payment Loans

Tweet Prior to the Great Recession zero down payment home loans or mortgages were available, what helped many consumers attain homeownership, people who would might otherwise have been shut out

Home Financing

Renovation Loan? Fix Your Credit Score First.

Tweet That three-digit score is used by lenders to help determine whether you’ll qualify for a renovation loan and for what terms, namely at what interest rate. A low credit

Home Financing

Consumer Satisfaction With Mortgage Lenders Continues to Rise

Tweet A recently released J.D. Power 2013 U.S. Primary Mortgage Origination Satisfaction Study reveals that first-time homeowners are increasingly satisfied with their experience. JD Power scored lenders based on a

Home Financing

Home Renovation Mortgage Considerations

Tweet HomePath Financing Qualifications To qualify for HomePath financing, you must shop for Fannie Mae-owned properties. If you qualify you’ll be entitled to a low down payment, avoid mortgage insurance,

Financing

Two Important Benefits of Mortgage Refinancing

Tweet When done right, you can save thousands of dollars in interest costs over the life of the loan, money you can use instead for your retirement, to pay for

Home Financing

How to Get Ready to Jump Back in to the Real Estate Market

Tweet Whether you plan to buy or sell a home, the following advice can help you to get ready. Review Your Credit If you plan to buy a home, your

Home Financing

How to Get Out of Home Refinancing Debt

Tweet What isn’t so satisfying is the bill for the work. You refinanced your home to pay for the project and are now left with a much higher monthly mortgage

Insurance

Building Contents Insurance: Make That List

Tweet Compiling a record of what you own is important as that information can come in very handy should you ever need to file a claim with your insurer. Get

Financing

Home Refi With Money Back

If you are considering refinancing your mortgage, you likely have been paying attention to mortgage rates.

Home Financing

Cautions About Taking a Reverse Mortgage

When it comes to reverse mortgages, reading the contract’s fine print is important.

Financing

FHA Lending Changes to Affect Consumers

Consumers shopping for a mortgage will soon find that the Federal Housing Administration (FHA) is instituting several changes in a bid to manage and protect its own single-family insurance program.

Financing

How to Save for a Major Renovation Project

You’ve decided to take the plunge by undertaking a major home renovation project that you have been putting off. You don’t have your money in place just yet, but give it another six months — perhaps one year — and you should be able to tackle the project.

Financing

Single Family Rentals: Where the Deals Are

While many homeowners are still struggling to make monthly mortgage payments and to keep their heads afloat, some homeowners are looking around their neighborhoods and finding new home bargains that are just right for turning into a single family rental property.

Insurance

What You Need to Know About Flood Insurance

Flood insurance is federally backed insurance or what you can only get through the National Flood Insurance Program. This program protects homeowners, but only if you opt for such coverage.

Insurance

Home Insurance and Recording Your Valuable Inventory

Taking stock of your home inventory can save you money and avoid headaches should you ever need to file an insurance claim. The more detailed you are, the better — if you suffer total loss, you may need to prove ownership for items that were destroyed.

Home Financing

Why Getting a Second Mortgage is More Difficult

You have owned your home for several years and have seen it appreciate in value. After five or more years of mortgage payments, you’ve also seen your mortgage pay off amount drop.

Financing

What You Need to Know About Second Mortgages

Home loans can come in variety of offerings including primary or first mortgages and so-called second mortgages such as home equity loans and home equity of lines of credit. The term “second mortgage” is not commonly used, but it does accurately describe how such loans are handled.

Home Financing

What is a Mortgage Hardship Program?

If you are finding it difficult to make your mortgage payments, you may qualify for a mortgage hardship program from your lender.