To get your incentive you have to use your builder's mortgage company - Beware!

Builder Closing Cost Incentives...Are they worth it? Builders all across the country have their own mortgage companies, or they work specifically with a particular mortgage company. Using a builder's mortgage company can be easy in terms of paperwork from the builder to the mortgage company, but it might not be the best situation for you as a consumer. (click for Full Story)

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What is FHA Secure and How Do I Qualify?

The FHA Secure Loan Program was launched in the fall of 2007 in an attempt by the U.S. Government to ease the increase number of foreclosures in the U.S. housing market. Although it is a good option for some folks, unfortunately it will not help enough people to improve the housing market. (click for Full Story)

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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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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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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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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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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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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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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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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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