Guidelines for refinancing investment properties is different than guidelines for primary residences. See just a few of the differences in 2011 here.
Thinking about buying a new home and bailing on your old one? It may be an option. What about bailing on your old home and buying after you bail? What to know about both.
When locking your mortgage loan, be sure to ask these three simple questions to your loan officer – it can save you dollars and they make sense.
If you are shopping for a new home and have at least one possible home that you like but is in need of repair, here are a few things to know about the FHA 203k loan.
What does your mortgage payment consist of? PITI. See what PITI means and a simple mortgage payment example.
Prepayment penalties on your mortgage mean you will pay a penalty if you pay your mortgage off early. Prepayment penalties aren’t always bad – be sure you understand them fully.
If you get a notice from your lender that your escrow payment went up, chances are it is due to a rise in your assessed property value and taxes.
Bi-weekly mortgage payment programs make sense for most people because it is something that you can set up and quit thinking about it. The benefits outweigh the costs.
Does paying off a mortgage early make sense? It might. It really depends on your personal preference and not what any of the experts say. Six things to consider.
At least 3 major lenders have recently exited the reverse mortgage business. For now. Will they get back in it at some point? Probably.
Note: The views and opinions expressed in this article are those of the author and do not necessarily reflect the […]
The “Know Before You Owe” program is designed to allow consumers to give feedback to the Consumer Financial Protection Bureau who is designing new mortgage disclosures and paperwork.
Three simple questions can help you select the right mortgage program for your needs. Knowing these three questions can help you avoid having to ask your loan officer and hope he is right.
Are great credit scores sexy? If you are dating be sure to talk about your partners credit score because in the event you want to buy a house, their credit score will matter.
The consequences of walking away from a mortgage include legal, tax, credit and lifestyle consequences. Learn about the consequences of walking away from a mortgage.