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Mortgage Professor about buying home: 
Does a Fast Payoff Make Sense?
September 18, 2000 "My husband and I will be buying a house at the end of this year. We believe we should be able to pay off the home in 7 years by more than doubling our payment. We have been told that we are insane if we do this because we won?t get the full ... more...

Can a Mortgage Lender Profit From Foreclosure?
December 7, 1998, Revised January 30, 2004 "I have lost my home! The second mortgage lender foreclosed after buying the first mortgage, which was current under a forbearance agreement. The first mortgage lender informed ... more...

buying home related definitions

Second Home, Vacation Home
Second Home Second home is a seasonally occupied property that is not the primary residence of the owner. Such residences are usually found in areas with substantial opportunities for recreation or tourist activity. Second Home As Investment However, when market is ... more...

Vacation Home
Vacation Home Vacation home is a seasonally occupied property that is not the primary residence of the owner. Such residences are usually found in areas with substantial opportunities for recreation or tourist activity. Vacation Home As Investment When market is ... more...

More about buying home

Simple Tips On Getting Your Loan
So, you want to get a loan?Here are some simple tips that will help you make an informed decision about what kind to get, and who to get it from.First ask yourself: do you really need it?Can you manage without it? Is it for something frivolous, like a holiday? Could you get the money by other means ... more...

Searching for the Perfect Car Loan
Credit Unions have long been known as the place to go when you are in the market for a new or used car. Todays credit union pairs its long history of car financing with technological and bargaining tools that help consumers every step of the way.Of course, programs vary among credit union, but ... more...

Is Getting A Personal Loan With Bad Credit Impossible? Think Again
A bad credit history is like having contracted an infectious disease. At least this is what most lenders perceive. Any requests for personal loans by people with a bad credit history are generally declined. They are charged an extravagantly high rate of interest, if advanced personal loans.What ... more...

Benefits of a Personal Secured Loan
A Personal secured loan can offer many benefits, some of which are listed below:Personal secured loans are loans that are offered to individuals rather than businesses.Rates for a personal secured loan will be way lower than for other loan products so it makes good financial sense for many of us ... more...

What is a Car Loan?
A car loan is a type of credit offered by a bank or other financial lender for the specific purpose of buying a vehicle. Car loans allow you to finance buying a new or used car.There are a range of car loans available from banks, building societies or financial institutions; you can also take out a ... more...

Add Value To Your Home With A Home Improvement Loan
Buying a home is a big and important investment for most people, and understandably property owners want to keep their home in good condition and looking great. However, carrying out home improvements can be difficult if finances are tight and this is where a home improvement loan could really help ... more...

Getting Your First Home Loan: What Should You Do?
For people who are buying a house for the first time, often the biggest obstacle is credit. They simply wont have made that big of a purchase before - buying a home is a big thing, and if you havent improved your credit beforehand, you can end up with a much higher interest rate that costs a lot ... more...

5 Steps to Successful Property Investment
When looking to invest in property its always important to take a structured approach to ensure you get only what you are looking for. Over the years Ive developed the following structure and Ill always stick to it so that I know I have done all the homework necessary to make a sound investment ... more...

Don't Overpay for a House, Even in Today's Market
If there's one thing American investors love, it's an over-inflated market. Which is why they keep buying houses and new ones keep coming onto the market. According to the latest data, housing starts rose an annualized 3.4% in September, matching a 17-year high. Whoo-ha! Go, baby go.I wonder if ... more...

How to Sell Your Home Without a Real Estate Agent
Considering the rapid rise in home prices over the past several years, home sellers are taking a hard look at the commission they have to pay to a real estate brokerage to market and sell their home. Real estate commissions vary across the country; they average in the four to seven percent range ... more...


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