Refinancing Your Mortgage - Is It The Right Choice For You?
Mortgage refinancing is an option for many homebuyers who are paying interest rates 2-3% or higher than what they can find today, or who need additional cash. Were you a first time homebuyer or you had poor credit the last time you obtained a loan? Now you are on your feet and make a salary that ... more...

Should You Get an Interest-only Home Mortgage?
Before you consider taking out an interest-only mortgage, you should first understand what they are. Unlike traditional, fixed-rate mortgages, interest-only mortgages allows the borrower to initially pay the interest on the principal for a short period of time, rather than making payments on both ... more...

Mortgage Refinance? Should You?
With the historic lows of mortgage rates, many people are finding it to be a great time to look into a mortgage refinance. Is this the right course of action for you, though? This is a decision that only you can make, but it is one that you should weigh carefully. Mortgage refinance may be a ... more...

Mortgage Glossary - A Glossary of Mortgage Terms You Should Know
Acceleration Clause A clause in a mortgage defining that the entire outstanding balance can become due and payable should mortgage default occur. If the entire balance is not paid, the property will be foreclosed.Adjustable Rate Mortgage (ARM) Mortgage with interest rates that may be adjusted by ... more...

Do Your Homework - Find the Mortgage That Fits Your Lifestyle and Your Budget
You've been looking at houses for months, and finally youve found it--the house that's just right. So now, all you have to do is to purchase your new home, move in, and get settled, right? Not quite. Theres one more big step to go-getting a mortgage loan. Youre going to want to decide on the type ... more...

Mortgage Terms Explained
When you are hunting for a mortgage, you will find that there are many different types of mortgages available. I will list some of the more common ones and their uses.15 vs 30 YearsYour mortgage term can be just about anything you choose. 15 and 30 year terms are popular these days, although 10 ... more...

Mortgage Glossary of Terms
A brief list of some of the most common Mortgage terms.Adverse Credit The term used if the borrower has a poor credit history. This could include previous mortgage or loan arrears, bankruptcy or CCJ's. Other terms used to describe an adverse credit mortgage include: Bad credit mortgagePoor ... more...

Exotic Mortgage
With real estate prices ever on the rise, first-time home buyers are facing more difficulties in buying a home. Who ever thought they'd buy a $500,000 starter home?Mortgage lenders have acknowledged the problem by creating new and innovative mortgage products, mostly designed to lower the ... more...

Selecting the Right Mortgage for You
A mortgage is a loan you take out to buy a home. This loan covers the "principal" (purchase price of the house minus your down payment) plus the "interest," which is the fee a lender charges you to borrow the money.There are various types of mortgages, including Fixed-rate, Adjustable-rate, Balloon ... more...

How To Save Money On Your Mortgage
Obtaining a home loan is arguably the most expensive transaction youll experience in your lifetime. Therefore, getting the best home at the greatest value is an endeavor worth pursuing. Whether youre trying to squeeze in to a higher priced home or just trying to shave a couple bucks off of the ... more...

What Is The Best Deal For A Mortgage?
Few of us invest the time and effort into researching and securing the best deal for a mortgage to purchase our home.For most of us, our house is the single most important and expensive purchase we ever make!We invest a lot of time and effort into finding the perfect property in the best location ... more...