Home Loans and Mortgages The Selection Can Be Bewildering
For years, when someone wanted to purchase or refinance a home, the choices were simple. The buyer chose either a 15-year fixed-rate mortgage or a 30 year fixed-rate mortgage. That was it. Of course, those were also the days of twenty percent down payments, which seriously hindered the ability ... more...

Expense List for Buying a Home
There are many expenses that come with buying a home. The following list is a good example of what to expect:Down payment - A minimum of 20% of the homes purchase price is usually required for the best loan terms and to avoid paying private mortgage insurance (see below), but its entirely possible ... more...

Getting Pre-approved For a Loan
For a first time home buyer, you are taking on a monumental task, undoubtedly the largest task you will ever venture upon, financially speaking that is. Unfortunately, most of us dont have huge sums of money sitting around in our bank accounts to go out and pay for a house in cash. We must find a ... more...

Real Estate Margin Calls
Have you ever heard of a real estate margin call? You know about stock market margin calls. Thats when you have bought more stock than you have money and borrowed from your broker to buy extra shares. You bought $10,000 of stock, but only have $5,000 in your account.It is great as long as the ... more...

Credit Problems: What You Can Do
Having a blemish on your credit report can lead people to believe that it will be impossible for them to obtain a mortgage or refinance their current one.Although having less than perfect credit can be a challenge, all hope is not lost.There are lenders out there, and many of them, who specialize ... more...

Bad Credit Home Purchase Loans Should You Purchase A Home?
Today, those with damaged credit have more opportunities to borrow to buy a house than they have had in the past. There are many lenders that specialize in what is often referred to as a bad credit home purchase loan. However, as with many things in life, just because you can, doesnt mean you ... more...

Free Money Saving Auto and Home Loan Tips
Free Auto Loan TipsThe following tips should help increase your chances of getting a car loan at a better rate.Tip #1 - If you just started a job (recently graduated from college) then wait 6 months to apply for your car loan.Tip #2 - If you have currently have bad credit then repair it before ... more...

How to Compare Fixed Rate Mortgages and Adjustable Rate Mortgages
There are many types of mortgages, and the more you know about them before you start, the better. To compare one Adjustable Rate Mortgage with another or with a fixed-rate mortgage, you need to know about indexes, margins, discounts, caps, negative amortization, and convertibility. You need to ... more...

Fixed Versus Adjustable Rate Mortgages
Which One Should You Choose?Choosing between a fixed rate loan and aa adjustable rate loan is one of the most perplexing choices anyone can make. With a fixed rate loan, you know exactly where you stand today, and where youll stand any number of years from today. The fixed rate is easy to ... more...

Is It Time To Buy A House?
At some point as you're writing out your rent check, you get to the point where you look at the amount and think to yourself - at this rate, I could BUY a house. If you're fed up with paying rent every month that's high enough to finance a mortgage, it may be time to take a serious look at what it ... more...

Understanding How to Get Easy Home Loans for the Self Employed
There are three specific criteria that make any loan work. They are:1. Collateral - What you have of value (assets) to place at risk if you should default on the loan.2. Capacity - Your ability to pay back the loan over time. This includes income reporting such as IRS Form W-2 or 1099. Capacity ... more...

Free And Easy Home Loan Tips!
Have you often wondered if you will ever own your own home, have your very own credit card with your name on it or how you will be able to purchase that special car youve had your eyes on for quite some time? Well, if you have ever asked yourself these questions before, this info will give you some ... more...

No Money Down Home Loan
Are you in the market to purchase a home but are concerned about not having enough money for the down payment? No down payment home loans or 100% financing for your mortgage loan used to be only advertised during late night infomercials and in obscure real estate publications. The good news is that ... more...

Interest-only Mortgages Have Their Pitfalls
Rising home prices, particularly on the East and West coasts have put the costs of home ownership seemingly beyond the reach of many. And yet, home ownership is up nationwide, and the percentage of Americans who own their homes is the highest it has ever been. How is this possible?There are more ... more...