Tag "mortgage"
Invest in Your Home: 4 Ways to Fund Your Major Home Renovations
When you purchase a home, you commit yourself to creating a habitat that is solely your own. Everything you do, plan, and invest involving your home should contribute towards the overall value of it.
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,
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
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 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,
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
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
How to Get Out of Home Refinancing Debt
Your home improvement project was a spectacular success, enabling you to complete your update with time and money to spare. Your modified home is a delight, promising to give you years of satisfaction.
Home Refi With Money Back
If you are considering refinancing your mortgage, you likely have been paying attention to mortgage rates.
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.
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.
What Are My Mortgage Options?
If you are in the market for a home, your mortgage options go beyond the traditional 30-year mortgage. Fixed rate, variable interest rate and balloon mortgages are available today, with each one offering advantages and disadvantages that consumers should be aware of.
How to Refinance Your Home
Homeowners enticed by historically low interest rates are considering refinancing their homes. This may be an option for you as well, especially if you took out a mortgage several years ago and are paying an interest rate that is at least one point higher than your current rate.
What You Need to Know About a Home Equity Line of Credit
A home equity line of credit or HELOC is a popular borrowing option for homeowners, but is handled differently than a home equity loan or HEL. With a HEL, you receive your money up front.
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.
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.
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.
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
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
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
