What Are The Benefits of A FHA Home Loan?

FHA Home Loans are a great alternative loan program for people who have less than perfect credit or lower credit scores. Find out the benefits of a FHA loan. (click for Full Story)

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What Is AmeriDream?

AmeriDream is a down payment gift program that is essential to buying a home if you do not have money for a down payment or closing costs. In 2008, the only way to purchase a home without any money is using FHA. But FHA... (click for Full Story)

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What happens to my credit scores if I shop around for a mortgage?

If you are shopping for a mortgage or a car you can let more than one company get your credit report. Credit scoring systems allow for you to shop around to get the best deal. (click for Full Story)

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What Do They Mean By Debt Ratio And LTV?

First off, please allow me to apologize to you for the mortgage and real estate professionals of America. Why am I apologizing? I am apologizing for our assumption that you know what we’re talking about when we’re discussing loan information with you. As a result of not explaining things, many home buyers are left without the full story when it comes to their mortgage. (click for Full Story)

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I Want to Buy a Home, But Where Do I Start?

So you’re gonna’ buy a house. There are quite a few mortgage programs that allow for different ranges in credit history. The better your credit, the better the loan. Get started on a better loan program today. (click for Full Story)

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When is my mortgage payment due?

Mortgage payments are typically due at the beginning of the month. But is this really when they are due? Many folks forget about the grace period from the first of the month to the 15th. (click for Full Story)

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Are you a first time homebuyer? This is my experience.

Okay, buying a home is a big deal. No matter whether you are buying your first home, or your 10th home, there is a lot to deal with. This article talks about my experience buying my first home. (click for Full Story)

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A First Time Homebuyer Mistake - Making Major Financial Purchases Before Settlement

Being a first time home buyer is very exciting. Do not make changes in your financial situation after you apply until you get your mortgage. (click for Full Story)

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Credit Scores and Buying a Home - Changes On The Way

Knowing your credit scores is key to buying a home. Your credit scores will greatly impact the loan programs you qualify for and the interest rates you get. Pay attention now to your scores to keep them up as Fico Scoring method changes are on the way. (click for Full Story)

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Cheapest Interest Rates - Lowest Fees - Not Always The Best Mortgage

Promises of the lowest interest rates or fees or the best loan programs are common in mortgage advertising. While it is possible to get a great deal for your mortgage lender, make sure you look at all of your paperwork for some of this article's warnings. (click for Full Story)

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What Questions To Ask When Shopping For A Loan Officer

Many of the problems in the mortgage and real estate industry are a result of inexperienced loan officers selling products that they had no knowledge of to people who had never had a mortgage before. Make sure you shop for your loan officer as much as you shop for the best interest rate. (click for Full Story)

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FHA Loans – The Best Mortgage For First Time Home Buyers

FHA Mortgage programs are back! Well they never went away, it is just that not many mortgage companies were using them because there were so many other programs that competed with FHA that these loans had decreased in popularity. Learn more about these great mortgages in this article. (click for Full Story)

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Are Interest Only Loans Bad?

In my six years in the mortgage business, I have often encountered potential borrowers who are afraid of interest only loans. In a society built on fear, this does not surprise me. To alleviate the fear, let’s start with the basics. With a traditionally amortized loan, the borrower makes a principal and interest payment each month. (click for Full Story)

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Low Interest Rate Mortgage - 1% - Is This Possible?

If you have watched TV over the past few years, you probably have seen advertisements offering mortgage rates as low as 1%. You may have seen advertising that showed a mortgage amount for example of $200,000 with a monthly payment of $750. Is this loan possible? (click for Full Story)

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Interest Only, ARM, Fixed Rate - Which loan program is right for me?

Let’s start with you imagining being on the phone with me and I ask you, “do you know what kind of loan do you want?” Your respond with: “Well, I don’t want an interest only loan.” I ask, “Okay, why not?” (click for Full Story)

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Reverse Mortgages - The Mystery Revealed - The loan for senior citizens

Reverse mortgages are back. If you are a senior citizen with equity in your home, and you need some extra cash to maintain your well deserved quality of life, the reverse mortgage might be for you. For those sons and daughters out there of senior parents who might qualify for this loan, do not fear, there will still be equity left in the home and your parents will not lose their home at the end of the loan. (click for Full Story)

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What is a Green Mortgage?

Green mortgages are real, but their impact is still unknown. This article discusses what green mortgages are and what is available today in 2008. (click for Full Story)

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Fixed Rate Mortgage, Conventional Mortgage, 30 year Fixed

Fixed Rate Mortgages are the most common mortgages ever sold in the US. These mortgages started with our great grand parents and have been handed down for years. In today's society, are they really worth it given we move to a new home every 5 to 7 years? (click for Full Story)

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Adjustable Rate Mortgages, aka ARMs

Adjustable rate mortgages have their place in the mortgage and real estate markets. Understanding them can make a big difference in the type of financing you ultimately get. (click for Full Story)

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Adjustable Rate Mortgage Terms

Many adjustable rate mortgages (ARM) have similar components to them. Find out what your loan officer is talking about with these terms. (click for Full Story)

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LIBOR and COFI indices explained

LIBOR and COFI are indexes that some adjustable rate mortgages are based on. This article explains these in technical detail. (click for Full Story)

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8 Things You Should Know When Shopping For A Mortgage

There are many steps to getting a new mortgage to refinance your current one or buying a new home? Here are some things to know to keep you out of trouble with your next mortgage. (click for Full Story)

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Private Mortgage Insurance - Explained - Little Bit Of History - Why You Need It

Buying a home with no down payment is practically impossible in today's mortgage environment without using Private Mortgage Insurance. The days of piggy back, 80/20, combo loans are practically over for now. Allow us to explain... (click for Full Story)

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Private Mortgage Insurance - Types - Benefits - How Long Will You Have It

If you are looking to buy a home with little or no money for down payment, then you are likely to have Private Mortgage Insurance on your mortgage. In this article, the types of PMI are briefly explained, the benefits of each type are presented, and we cover how long you will probably have PMI on your mortgage. (click for Full Story)

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The Loan Process - by The Arizona Mortgage Advisory Council - AzMAC

The mortgage loan process has a lot to it. Understanding the whole picture greatly enhances your ability to get a loan program that works for without being taken advantage of by unscrupulous mortgage and real estate "professionals". (click for Full Story)

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I am Retiring - Should I Keep My Home? Or Sell It?

Although we dream of retiring for most of our lives, with it brings some tough decisions. One of the tough things to consider is what to do with your home? Here are a few ideas to get you headed down the right path. (click for Full Story)

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How to Save On Your Private Mortgage Insurance - PMI

Private mortgage insurance is typically required when you get a conventional loan from Fannie Mae and Freddie Mac. PMI is an extra payment that can be avoided in some situations. This article covers ways to avoid PMI. (click for Full Story)

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Are No Cost Mortgages A Real Deal

No Cost Mortgages - Are They The Real Deal? The only real deal in a no cost mortgage is that your monthly payment will be higher than if you go a regular cost mortgage. Do get fooled by this tricky and misleading advertising. (click for Full Story)

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Can I Really Get A Mortgage With No Closing Costs?

What is a No Closing Cost Mortgage? Aah, the no closing cost mortgage. What is a no closing cost mortgage? Let’s start off by looking at what does the term “closing cost” mean. Then we’ll look at what it means to get a mortgage with no closing costs. (click for Full Story)

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Should I Use A Mortgage Broker?

With all the stuff in the news this year about the mortgage industry and subprime loans it is no wonder why the mortgage and housing markets have come to a screeching halt. If I were looking to purchase a house in today’s market, I would be nervous too. Who can you trust? (click for Full Story)

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I don't have perfect credit, what can I do for a mortgage?

Many of us have had a blip in our credit, or employment situation along the way. Perhaps you have too. What are your options for a mortgage? Lenders understand this and have developed mortgage loan programs that allow for these blips to allow you to qualify for a mortgage. (click for Full Story)

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What is a Home Appraisal and Why Do I Need One?

One of the key pieces of any mortgage transaction is the residential appraisal. There are many other reasons for why you might need to hire an appraiser. (click for Full Story)

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Should I Rent or Buy a Home? Am I Ready to be a Homeowner?

Homeownership is great, but renting has its advantages. There are many things to consider like your extra monthly expenses for owning the home. However, in a recent book by David Bach, The Automatic Millionaire, he suggests that owning a home makes one far more wealthy then renting. Make sure that you only buy when it is right for you to buy. (click for Full Article)

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Buying A Home With No Money Down - How Do I Qualify?

Believe it or not, there are still some very good mortgage programs out there for folks who have no money for down payment or closing costs. Learn what you need to qualify for this loan program. If you are purchasing a home with this loan program it is helpful to use a Realtor who can negotiate some seller assistance to pay for some of your closing costs. (click for Full Story)

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Expenses During The Mortgage Loan Process Explained Part 3

This is part 3 of 3 in a series of articles discussing the expenses of getting a mortgage for buying a home or for refinancing your current mortgage. Some expenses in the mortgage process are unavoidable and have to be paid. (click for Full Article)

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Expenses During The Mortgage Loan Process Explained Part 2

You can consider the expenses of buying a home in three categories: the expenses before my loan is approved, the expenses I can negotiate with my lender, and the expenses that I cannot really negotiate. This article covers fees you can negotiate with you lender. (click for Full Story)

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Expenses During The Mortgage Loan Process Explained Part 1

So you are shopping for a mortgage. Have you been asked to pay an application fee? Did you pay it? Is it refundable? These items are addressed in this article. Some expenses are good to pay and others are not. This is part 1 of 3 covering the expenses of getting a home purchase or refinance mortgage.(click for Full Story)

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How Can I Buy a Home In Arizona With No Money Down

With all the bad news in the media about the housing market for sellers, what is not talked about is what this means to someone looking to buy a home. There are a ton of great real estate deals on the market. You can also buy a home with no money out of your pocket. This is a great time to become a homeowner if you are still renting.(click for Full Story)

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Homeowners Insurance - The Basics - Why Do I Need It?

One of the best things you can have if you own a home is homeowners insurance. Not only is it required it is a great idea. Your policy can cover a lot of insurance needs not only inside your home, on your property, but even when you leave your property. It pays to know what you want, need and to shop around. (click for Full Story)

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Things to Keep in Mind When Buying Property in Florida

Moving to Florida for many is a lifetime dream come true. However, finding the right home can be challenging. Florida is a mixing pot of people and weather which require one to be diligent to get the right home at the right price. This article provides tips for buying a home to help keep you out of trouble.(click for Full Article)

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Should I Continue to Rent - Or Should I Buy My Dream Home Now

Although it does seem to make sense to wait for home values and mortgage interest rates to bottom out you might want to reconsider. Two things to consider are presented in this article.(click for Full Article)

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FHA Home Loans: How to Qualify

Following the Mortgage Meltdown of 2007, FHA loans have become extremely popular for first time home buyers, and many move up buyers. Find out how to qualify for a FHA loan to help you save time and money both important during the home buying process.(click for Full Article)

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Buying a Home With No Money Down in 2008 - What Are My Options?

While there are still some no money down programs available for home buyers, most of these programs will only loan up to 95% of the sales price. The only exception this rule is FHA loans. FHA loans call be structured so that you can get into a home with no money out of your pocket.(click for Full Article)

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Mortgage Tips For Buying a Home In 2008

Buying a Home in 2008? Believe it or not, it is not completely terrible out there for getting financing and find the right home. If you are in the market to buy a home, here are some simple tips to help guide your way.(click for Full Story)

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I Want to Find Out the Value of My Home, How Do I Do It?

You may not like it because it will cost money. But what in life surrounding real estate is really worth having that is completely free? Getting a free online value of a home is pretty easy, but beware of its accuracy. The best way to get this information is still - hire an appraiser.(click for Full Story)

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Do you really win when your online mortgage application is sold to many companies?

Oh Really? When you fill out an internet form for mortgage interest rate comparison website, you will have lenders competing but they may drive you crazy in the process. What you don’t hear about in the advertising is that you will be bombarded by aggressive sales people all trying to earn your business. Unless you like to talk to sales people in your spare time, the process will drive you nuts. In theory it makes great sense.(click for Full Story)

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My home value by the appraiser came in lower than expected what can I do?

There are many factors that go into the value of your home that an appraiser comes up with in an appraisal. Given that there are many factors, you do have many options. What are my options if my home value is low(Click for Full Story)

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Mortgage Foreclosure Problem? Chairman Bernanke's Bailout?

Are you kidding me? Builder Beazer Homes stock goes up in the face of trouble because their fines for violating the country's lending laws is less severe than initially expected. Great reward them with more profits, while the home owners who live in their neighborhoods suffer...(click for Full Story)

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Home Improvement Projects - What You Should Know

Use your home equity line of credit to do home improvement projects. While this is a great way to finance property upgrades, do not expect to get a dollar for dollar return on your investment.(Click for Full Article)

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Bi Weekly Mortgage Loan Programs Explained

Paying your mortgage with a bi-weekly payment plan is easier than it looks and it will save you a lot of money. Anytime you can pay your mortgage early you can save money. Learn more about this loan payment program.(click for Full Story)

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Are You a Homeowner? Get A Home Equity Line of Credit

The cheapest money is the money you can get when you do not need it. Most folks wait until they need something to get it. This can be a dangerous thing to do when it comes to making sure you have access to the cash available in the equity of your home. Even if you are not going to use the cash, get the line of credit set up in case an emergency comes up and you need it. (click for Full Story)

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Adjustable Rate Mortgage Getting Ready To Adjust - Call NACA

The Neighborhood Assistance Corporation of America, a non-profit, homeownership and community based enterprise, is committed to using affordable home ownership to build healthy and thriving urban and rural neighborhoods nationwide. They are one of the leaders in the fight to help millions of Americans from losing their homes over the next few years due to foreclosures caused by adjusting mortgage loans.(click for Full Article)

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What Is A No Cost Mortgage - Can I Really Get A Mortgage For Free?

Do not be lured in by No Cost Mortgage advertising unless you know what you are looking for. All mortgages have closing costs. It is just that some types of lenders absorb these fees by charging you a higher interest rate.(click for Full Story)

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I Am Waiting For Mortgage Interest Rates To Go Down Before I Refinance

Although prudent in a normal mortgage and real estate market, waiting to refinance to see if interest rates are going to go down more could cost you your home. Find out why! (click for Full Story)

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Get the Lowest Mortgage Rates – Can I Really Get The Best?

Shopping for the best mortgage rate seems to be the most important factor in selecting a mortgage company to work with. Unfortunately, many home buyers and home owners get into trouble because they discount the other important factors about a loan.(click for Full Story)

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Restoring My Good Credit Rating After a Foreclosure

Had a foreclosure? Get on the road to recovery quicker by following the simple tips presented. Although it will take a little bit of time to get back on track, the quicker you start the better off you will be.(click for Full Story)

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Understanding Foreclosure in California - A Guide to Understanding Foreclosure for Homeowners

This article explains the foreclosure process in California. The thought of losing your home to foreclosure is pretty upsetting and scarey. Something that will make it easier to handle is knowing what happens in the process. By knowing the process, you might have a chance to delay it or even stop it.(click for Full Story)

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Buying Properties in Foreclosure - Tips To Help Get a Great Deal

A great opportunity for those who are looking to buy a new home is to look at buying a foreclosure property. Tips on how to buy a home in foreclosure. If you know these tips you might be able to negotiate an even better deal.(click for Full Story)

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Steps of Foreclosure - Early Steps Prevent Foreclosure

If you are getting behind in your mortgage payments and foreclosure is on the way then take action early. 6 tips to prevent foreclosure are given in this article. (click for Full Story)

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Buying Properties in Foreclosure - Tips To Help Get a Great Deal

A great opportunity for those who are looking to buy a new home is to look at buying a foreclosure property. Tips on how to buy a home in foreclosure. If you know these tips you might be able to negotiate a better deal...(click for Full Story)

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Early Steps Prevent Foreclosure

If you are getting behind in your mortgage payments and foreclosure is on the way then take action early. How Do I Stop My Foreclosure? 6 Tips...(click for Full Story)

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Foreclosures & Short Pays And How It Affects Your Market Value

Did your neighbor, ex neighbor's, house sell for way under market due to a short sale, or a foreclosure sale? How does this affect the value of my home? (click for Full Story)

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How To Spot a Foreclosure Rescue Scam

Foreclosure Rescue, or bailout, programs work for some folks, but there are some bad folks out there who do not care about you, they only want your money. They will do whatever they need to do to get it. How Do I Recognize Foreclosure Rescue Scams? (click for Full Story)

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The Tactics of a Foreclosure Rescue Scam Artist

Did you get a ARM loan that is now adjusting and you are getting behind on your mortgage payments? Do not go from bad to worse. Be on the lookout for the foreclosure rescue scammer who wants your home and your money. How Do I Know If I Am Getting Scammed? (click for Full Story)

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Foreclosure Rescue Scams - What Are The Warning Signs

Facing a Foreclosure, in a foreclosure? If so, you ought to be on the lookout for the warning signs of the ever increasing foreclosure rescue scam. With foreclosures increasing in the U.S. so are the scams - What is a foreclosure rescue scam? (click for Full Story)

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Paying Off My Mortgage Early - 3 Ways To Do It

Explore several ways to accelerate your way to be debt free by paying your mortgage off early. There is no need to hire a company or pay a lot of money to learn how to pay off your mortgage early. How Can I Pay My Mortgage Off Early? (click for Full Story)

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