What are mortgage points and how do they work? That’s what we are going to examine in this dose of Mortgage Wisdom. Why? Because it’s one of the most common questions we receive from first-time home buyers. So let’s take a closer look at how mortgage points work and when it’s a good idea to [...]
Home Loan Basics | admin | 
February 28, 2009 4:15 pm | 
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The home foreclosure process is a hot topic in the current economy. It’s unfortunate, but it’s true. With millions of Americans being foreclosed on in 2009, the need for quality information has never been greater. That’s where this blog comes in.
In today’s dose of Mortgage Wisdom, I’ll explain what happens during foreclosure so homeowners will [...]
Foreclosure | admin | 9:35 am | Comments (0)
Online property value websites have come a long way over the last few years. In the “early” days, circa 2005 or so, there were only a couple of these websites, and their sales data always seemed to outdated. Today, there are many websites that offer property values online, and they’ve improved their estimates by using [...]
Helpful Tools | admin | February 24, 2009 9:46 am | Comments (0)
We’ve been hearing a lot about the secondary mortgage market in the news lately. This is mainly because it had a lot to do with the housing and subprime mortgage crisis that wrecked the U.S. economy.
But many consumers don’t know what the secondary mortgage market is or how it works. They think it has nothing [...]
Home Loan Basics | admin | February 23, 2009 9:10 am | Comments (0)
If you’re reading this page, it probably means you are researching the process of applying for a mortgage loan online. If so, you’ve come to the right place to learn all about it! In this article, I’ll explain the basic steps needed to apply for a home loan online, and I’ll even recommend some websites [...]
Applying for a Loan | admin | February 22, 2009 10:48 am | Comments (0)
How does a home equity loan work and when is it a good idea to use one? How do I get quotes from lenders for a home equity loan? These are the questions we will address in this installment.
These loans are sometimes referred to as a second mortgage, because they are used by homeowners who [...]
Types of Loans | admin | February 20, 2009 8:17 am | Comments (0)
Mortgage insurance is an important concept for home buyers to understand, because it can affect the affordability of your home loan and the size of your monthly payments. This article explains what mortgage insurance is, how it works, and what else you need to know about it.
Private Mortgage Insurance Defined
When you hear people talk about [...]
Home Loan Basics | admin | February 17, 2009 10:58 am | Comments (1)
How does a reverse mortgage work and when it is a good idea to use one? This is a common question for homeowners over a certain age lately, and the reasons are obvious. Reverse mortgages are being promoted like crazy lately — on TV, on the radio, online, and even through direct mail marketing. But [...]
Types of Loans | admin | February 16, 2009 11:47 am | Comments (0)
Home loan modifications are big news right now, as a result of the housing crisis we have experienced. These days, many homeowners are at risk of foreclosure due to monthly mortgage payments that exploded in size. This was often due to an adjustable-rate mortgage loan that passed the adjustment point.
This is the primary reason why [...]
In the News | admin | February 15, 2009 2:27 pm | Comments (1)
