Mortgages

The Latest

  • April 9, 2014

    There are many factors which impact the size of your mortgage loan, most of which are within your control. Your income, savings, and credit history will be...

  • April 1, 2014

    The day has finally arrived to close your mortgage loan and settle on your new property. At this time, you must be prepared to review and sign a lot of important closing...

  • March 24, 2014

    In determining what type of mortgage loan is best for you, it is wise to know which mortgage loans are available to you.  First, know that the type of loan and the type of...

  • March 19, 2014

    Owning a home is the ultimate experience for many people.  It brings feelings of success, well-being, security, as well as a sense of belonging.  But it can also result in stress if the home’s value declines from the borrower’s original purchase...

  • March 13, 2014

    Understanding the basic elements of a mortgage will give you confidence as a home buyer and help you navigate the loan process with greater ease.

    The Foundation

    Every...

  • March 11, 2014

    In the mortgage application process, the Granddaddy of all the paperwork is known as The Uniform Residential Loan Application, also known as Form 1003. This form must be completed and supporting documentation provided in order to advance the...

  • March 6, 2014

    All homeowners want lower monthly mortgage payments. In general, there are two main ways that a homeowner can go about this: mortgage refinancing or loan modification. It is important to realize that these are two very different...

  • March 5, 2014

    For the privilege of borrowing money, you are charged interest by the mortgage lender. The interest rate (also called the “mortgage rate”) is a percentage of your loan...

  • February 27, 2014

    Reverse mortgage loans were first introduced in 1989 to allow senior citizens, aged 62 or older, to access a portion of their home equity without having to move. A reverse...

  • February 25, 2014

    Before you start applying for home loans, it’s important to understand exactly what a monthly mortgage payment consists of. You can also use an online mortgage calculator...