Mortgage Products - Page 8

ARM mortgage rates can make borrowing a little riskier for some borrowers because they can change over the life of the loan. But they can also save you a lot of money. And they are safer than you think.

You don't need great credit to qualify for a zero-down USDA home loan. This program is designed around the idea that more renters should be homeowners.

The USDA mortgage is available only in certain geographical areas...but you might be surprised at the cities and towns that remain eligible for the program.

USDA loans are made for moderate income earners. Income limits are based on location of the property and other factors. Find out if you qualify.

The no doc mortgage does not exist in the same form that it had before 2008. Great Recession-era reforms require lenders to make sure the borrower can afford to repay a mortgage.

Fannie Mae just loosened up its guidelines, allowing some applicants to borrow with a 50 percent debt-to-income ratio.

No doc mortgages used were highly popular before the mortgage crisis, and some lenders may be creeping slowly back into that crazy market. But are the loans the same?

Financing a rental home? It's harder than buying a primary residence, because rental property is riskier for mortgage lenders. Here's what you need to know.

If you have an adjustable rate mortgage that's about to reset, you're probably concerned. In a rising rate environment, ARM loan interest rates and payments can skyrocket. But you refinance your ARM to another ARM before that happens.

Today's low rates and mortgage programs empower home buyers to make a large or small downpayment, or opt out of one altogether.

The convertible HELOC combines the flexibility of a HELOC with the stability of a fixed interest rate.

For the right person, the HECM reverse mortgage is an outstanding product. But it's not for everyone. Learn about the program, and alternatives.

Lesser-known mortgage options can help home buyers find the right fit for their budget. Here are four options you may not have heard about.

What happens to your HELOC payment when the draw period ends and you have to start repaying the loan? Here's what you need to know to keep your payments affordable.

Mortgage programs are not just for "plain vanilla" borrowers anymore. Here are loan types that can get "out of the box" home buyers approved.

Unlike single-family neighborhoods, condo and townhome communities must be approved by lending agencies. What to do if your desired condo or townhome is not approved.

Does a HELOC make sense for you? Today’s low rates and costs can make home equity lines of credit a good value, if you shop carefully and choose wisely.

Freddie Mac offers discounted properties with favorable financing options via its HomeSteps program.

For buyers in Hawaii, it would take more than 25 years just to save 10% for a down payment on a home. Thankfully, you don't need to save for 10%. Mortgage options are plenty for today's buyers of homes.

Having two mortgages attached to your home is not a bad thing. For years, U.S. homeowners have used second mortgages for basic financial security.