Mortgage

The thought of buying a house is exciting, but before you let your imagination run wild, you’ll to determine just how large of a mortgage payment you can afford. With…

A reverse mortgage allows senior homeowners with sufficient equity to use their home as collateral for extra income during retirement. It can be a great tool under the right circumstances,…

If you have bad credit, chances are you’re probably making at least one significant financial mistake. It’s important to understand what you’re doing wrong, especially if you’re hoping to qualify…

If there’s one common thread in first-time homeowner’s experiences, it’s that the process of getting a mortgage is overwhelming. Not only is buying a home a big undertaking, but trying…

Understanding the mortgage loan process is a lot like wading through alphabet soup, and PMI is a commonly used acronym that every mortgage holder should understand. Private Mortgage Insurance is…

The process of applying for a mortgage can be lengthy, and many would-be homeowners underestimate just how long it will take from start to finish. While every applicant’s experience will…

When you want to buy a house, the most important thing to understand is just how large of a mortgage payment you can afford. With so many factors influencing monthly…

Buying your first home is an exciting step, but it can also be fraught with confusion. In particular, understanding everything you need to know about the mortgage application and loan…

Make sure the sales contract on your new house or condominium includes a home inspection clause before you sign it. The inspection clause should clearly state that your final obligation…

Mortgage lenders have begun requiring home buyers to either make a 20 percent down payment or buy private mortgage insurance in the wake of the mortgage meltdown. Some mortgage lenders…