How Do Lenders Know If You Borrow Your Down Payment?

July 23, 2017 in About Mortgages

How do mortgage lenders know if you borrow your down payment? They have their ways. Here's how to get your funds together the right way and get approved for your loan.

Manage your mortgage closing to get access to lower mortgage rates

How Long Does It Take To Close A Mortgage?

July 22, 2017 in About Mortgages

The faster you can close on a mortgage, the lower your mortgage interest rate can be. Know the steps in a mortgage approval, and where you cut time and corners to get to closing quicker.

What Is A Mortgage Rate Lock?

July 22, 2017 in About Mortgages

Every mortgage borrower needs a mortgage rate lock. You can't close on a home without one. Advice on getting the best rate lock possible for your loan.

How The Mortgage Interest Tax Deduction Lowers Your Payment

July 20, 2017 in About Mortgages

The mortgage interest tax deduction is one of the most popular parts of the tax code, and it impacts millions of homeowners. Here's what you need to know about your potential savings.

Best Mortgage Lender: Hiding In Plain Sight

July 15, 2017 in About Mortgages

How to find the best mortgage lender?

Mortgage Commitment Letter: Nailing Down Your Financing

July 14, 2017 in About Mortgages

A mortgage commitment letter tells everyone involved in a home purchase that your lender is ready and willing to loan you what you need to buy your home.

FHA mortgages don't require a credit history -- or even a credit score

First-Time Home Buyers Guide: Getting A Mortgage When You Have No Credit

July 12, 2017 in About Mortgages

The FHA mortgage program doesn't require first-time home buyers to have credit history -- or even a credit score -- in order to get mortgage-approved.

Financing Options For Manufactured Homes Mobile Homes Mortgage

Getting A Loan On A Manufactured Home

July 12, 2017 in About Mortgages

Manufactured home loans are a bit tougher to find in today's market. But they do exist, and financing terms might be simpler than you imagine.

qualifying for a mortgage with two primary residences

Qualifying For A Mortgage With 2 Primary Residences

July 8, 2017 in About Mortgages

Having more than one primary residence can trip you up when qualifying for a mortgage. Here's what you need to know.

Taking Out The Garbage: Dumb Mortgage Closing Costs

July 5, 2017 in About Mortgages

Mortgage closing costs come in many forms -- from the all-inclusive origination charge to a slew of "junk" fees that could be anything. Guess what? It doesn't matter what they are called.

Which One Is Better? A Mortgage Broker Or A Bank?

July 1, 2017 in About Mortgages

You do you better mortgage rates from a mortgage broker or a bank? What's the difference? Find out which one is better for your situation, and how to shop for the best home loan.

How To Apply For A Home Loan The Right Way

June 23, 2017 in About Mortgages

Want to know how to apply for a home loan? It's not hard, but you want to get it right the first time.

What Is A Portfolio Mortgage?

June 21, 2017 in About Mortgages

What is a portfolio mortgage? It's a loan that the lender doesn't sell to investors. Instead, it keeps the loan on its own books. That means the lender can make its own rules, and be creative about its products.

Should You Refinance To A Fixed-Rate From An ARM?

June 14, 2017 in About Mortgages

It's no secret; mortgage interest rates are rising. So, it it time to get out of your ARM and refinance?

PMI Mortgage Insurance: You Can Pay Less

June 13, 2017 in About Mortgages

PMI mortgage insurance is a necessary evil if you buy or refinance more than 80 percent of your property value. But there are are things you can do to reduce what you pay.

Is An Interest Only Mortgage Right For You?

June 12, 2017 in About Mortgages

An interest only mortgage could be right for you. or it could be very, very wrong. Learn about the pros and cons of interest only mortgages here.

Simple Mortgage Definitions : Loan-To-Value (LTV)

June 7, 2017 in About Mortgages

Learn how to calculate your loan-to-value (LTV) and see what mortgage programs may be available to you. Mortgage rates available, too.

What To Look For In A Mortgage Company

June 6, 2017 in About Mortgages

You want the best mortgage company when you buy a home or refinance. But how can you tell a good mortgage company from a bad one? Find out here.

Negotiating lower mortgage rates with your bank

Negotiating A Better Mortgage Rate For Your Home

June 5, 2017 in About Mortgages

Mortgage laws have changed which makes it harder to pit lenders against one another. When you're looking for the absolute lowest rate, how do you find it?