How to Shop for the Best Mortgage Loan
Shopping for a mortgage loan can be overwhelming. Whether you are purchasing a new home, refinancing your existing mortgage, taking out a 2nd mortgage, or applying for a home equity loan, you need to do your homework first.When comparison shopping for a mortgage loan you need to collect ... more...

Home Mortgage and Financing Terms
Every business has it's jargon and residential real estate is no exception. Mark Nash author of 1001 Tips for Buying and Selling a Home shares commonly used mortgage and financing terms with home buyers and sellers.-Adjustable rate mortgage (ARM): A type of mortgage loan whose interest rate is tied ... more...

Low Rate Mortgage Refinance Loan - How To Get A Better Interest Rate
If you have a mortgage loan with an interest rate 2, 3, even 4 points above the current average, refinancing may be in your best interest. When mortgage loan interest rates began to decline in the early 2000's, many homeowners chose to refinance their homes. Refinancing for a lower interest rate ... more...

Home Refinancing for People with Bad Credit - How to Avoid High Fees
Avoiding high fees when home refinancing with bad credit is as important as finding low rates. With fees adding up to thousands of dollars, make sure that you are getting the best deal by comparing lenders. Also look at other types of credit to securing cash out financing.Ask About Closing ... more...

How to Refinance a Home Loan with Poor Credit
Refinancing a home loan with poor credit is just as easy as finding financing with good credit. With hundreds of lenders in the sub-prime financing market, you can find reasonable rates by comparing offers. Start by polishing up your credit report. Then find financing that best meets your ... more...

Mortgage Refinancing - Does Size Matter After All?
Hopefully your ego has never had to experience the words, Its okay honey. Size doesnt matter. After all, whats important is the quality right? In a perfect world, perhaps this is true, but in the realm of mortgage refinancing, what is best is usually based on length. Let me explain.The majority of ... more...

Home Equity Loans After Bankruptcy - How Long Should You Wait To Apply
As soon as your bankruptcy has been discharged, you can apply for a home equity loan. However, expect to pay high interest rates for financing with such a low credit score. Waiting longer and practicing good credit habits will qualify you for the A list and better rates.Two Years For The Best ... more...

Top 5 Methods to Manage Your Home Equity
As your home appreciates in value, you gain equity. You can look at this equity, as a portion of the value of your home, which becomes an asset that is not burdened by debt. Therefore, this is a critical financial vehicle that cannot be ignored.Let me say it another way. For most of us, your ... more...

Refinance Benefits - Refinancing Could Save You Money
The most common reason most people refinance is to save money, but many people refinance for various other reasons.1. Refinancing to Lower Your Monthly Payment for an Existing Loan.You can refinance your existing loan at a lower interest rate thus reducing your monthly loan payments. With interest ... more...