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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,

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

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Cash-Out Refinancing and Your Home

Tweet Even if your home’s value plunged during the Great Recession of 2008, your home may have recouped much of that loss over the following years. If you desire to

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

Tweet It may be so important that people that are aged 62 and older, and qualify for such loans may be placing themselves in financial jeopardy without fully understanding what

Financing

How to Save for a Major Renovation Project

Tweet Renovation Project Options Unless you have cash on hand, you will need to save money for your major renovation project. There are some other ways that you can assemble

Financing

What You Need to Know About Second Mortgages

Tweet Definition A second mortgage is as the name implies — it is second loan on a home and follows the primary or first mortgage. Typically, such loans are made

Home Financing

What is a Mortgage Hardship Program?

Tweet These programs are designed to keep people in their homes and typically cover homeowners that have overextended themselves with credit, lost a job or have seen their home values

Home Financing

What Are My Mortgage Options?

Tweet 1. 30-year fixed rate. More mortgages are written as 30-year fixed rate loans than all other types combined. This mortgage remains popular as it can give homeowners an affordable,

Home Financing

How to Refinance Your Home

Tweet Refinancing makes sense if you plan to stay in your home for the long term, enabling you to enjoy the benefits of a lower monthly payment and have more

Home Financing

Refinancing Considerations for Homeowners

With mortgage rates still flirting with historic lows, refinancing now can help you avoid higher rates later on when inflation inevitably becomes a factor. Interest rates have been held artificially low thanks to fed action, but few analysts believe that they’ll stay this low for years, perhaps for just months to come.

Home Financing

Will Mortgage Providers Ease Lending Standards?

The U.S. housing market is certainly not stellar, but it apparently has put its very worst years behind it. The S&P/Case-Shiller home index rose by 2.2 percent in May, with all 20 of the nation’s largest metropolitan areas posting average housing price gains over April.

Home Financing

A Second Mortgage and Your Home

A second mortgage is debt that along with your first mortgage must be paid back to satisfy the lien on your home.

Home Financing

Is it Time for a Fresh Look at Adjustable Rate Mortgages?

Say “adjustable rate mortgage” to many consumers and you’ll hear a variety or responses, with not a few being quite negative. That’s because ARMs are associated with sub-prime lending, which was quite common and have been routinely blamed for our current mortgage crisis.

Home Financing

How to Obtain a Home Equity Line of Credit

A home equity line of credit (HELOC) is type of revolving credit. When choosing a HELOC, your home serves as collateral the moment funds are withdrawn from your credit line.

Financing

5 Mortgage Tips For 2012

Not all homeowners will renovate their homes, with some people choosing to upgrade to a new home instead of undertaking a time-consuming and costly renovation. With home prices down nearly across the board, buying a home now can be a sensible alternative to renovating your current residence.

Home Financing

When NOT to Refinance Your Home

The push to encourage homeowners to refinance is a strong one with lenders, bankers and other interested parties dangling low, fixed rates that are almost hard to believe.

Home Financing

No Closing Cost Refi? Yes, They’re Still Around

If you’re considering taking on a home improvement project, one way you can fund the work is to refinance your current mortgage.

Home Financing

4 Timely Tips for First Time Home Buyers

Tweet As the summer months progress, the housing market will continue to gyrate, with some markets seeing continued price erosion while others may begin to stabilize. Clearly, it is a