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Home Financing

Invest in Your Home: 4 Ways to Fund Your Major Home Renovations

Tweet The problem that most homeowners face when it comes to performing renovations, especially major ones, is the cost of those renovations. Some homeowners relent on improving their figurative castle

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

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

Financing

Home Refi With Money Back

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

Financing

FHA Lending Changes to Affect Consumers

Tweet PMI Changes The heart of the change has to do with private mortgage insurance (PMI), what consumers must pay when putting down less than 20 percent equity on a

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 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

What You Need to Know About a Home Equity Line of Credit

Tweet Borrowing money based on the equity in your home. Working much like a credit card, your HELOC balance can vary as can your monthly payments. Read on and we’ll

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

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.

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.

General News

First Time Home Buyer: Not as Easy as HGTV

Tweet My family is a big fan of HGTV, the formally named “home & garden television” network. HGTV hasn’t lost its theme, but its four-letter nomenclature is simply easier to

Home Financing

5 Options to Avoiding Foreclosure

Tweet If you’re faced with foreclosure, you may still have some options available to help delay or avoid that fate. Your chances of keeping the home may still be good

Home Buying-Home Selling

Can You Justify the Purchase of a Foreclosure?

Tweet New home shoppers these days are being enticed by homes that are priced much lower than they were two, three and even five years ago or longer. The housing