Archive for the 'Mortgage Advice' Category (Chronologically Listed)

Questions to Ask Before Committing to a Home Equity Line of Credit

A home equity line of credit can be a useful way to turn your house into cash.

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Posted by Jed Moss on Jul 19 2007 under Home Equity Line of Credit, Mortgage Advice





Mortgage Refinancing Help: Consider Loan Rates, Types

In recent months many owners have been mortgage refinancing from ARMs to fixed-rate loans, despite the fact that the latter often carry rates up to two percent higher.

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Posted by Jed Moss on Jul 10 2007 under Mortgage Advice, Mortgage Refinancing





Weigh Options Before Paying Down Mortgage

Most people who have a mortgage dream of a day when they won’t.

In fact, many mortgage-holders speed up payments to make that day arrive sooner. But that smart, from a financial standpoint? Not necessarily.

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Posted by Richard Barber on Jul 09 2007 under Mortgage Advice





Mortgage Loan Financing: Back to the Future

If mortgage finance is the art of the impossible, what is possible right now for buyers and sellers worried about rising mortgage rates, market uncertainty and soft home prices?

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Posted by Richard Barber on Jul 08 2007 under Mortgage Advice, Mortgage Lending





What are Yield Spread Premiums? Know Before Refinancing

The yield spread premium (YSP) is a mystery to most home buyers - but it would pay them to get more familiar with this little understood feature of the mortgage business.

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Posted by Jed Moss on Jul 07 2007 under Mortgage Advice, Yield Spread Premiums





First-Time Home Buyers’ Guide: Steps to Consider Before Applying for a Mortgage

Owning a home is a key to the American dream - but with foreclosure rates at a 50-year high, it’s never been more important to be a responsible buyer.

Here are four steps first-time home loan applicants should consider should take before sinking their life savings into a house:

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Posted by Jed Moss on Jun 25 2007 under Mortgage Advice





A 15-Year Mortgage or a 30-Year Mortgage: Which is Better?

There is no generic answer to the age-old question “Is it better to invest or pay off debt?” This can be looked at several ways, especially when the debt in question is a mortgage.

Is a 15-year or 30-year mortgage a better option?

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Posted by Richard Barber on Jun 25 2007 under Mortgage Advice





Changes Could Impact Credit Score System, Loophole

Attention mortgage applicants: days may be numbered for dozens of companies that promise to quickly boost FICO credit scores by 200-300 points.

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Posted by Richard Barber on Jun 21 2007 under Mortgage Advice





How to Avoid Mortgage Refinancing Trouble

Despite low interest rates and plenty of competition among lenders, many borrowers hoping to mortgage refinance are running into trouble with new loans.

Here’s why.

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Posted by Jed Moss on Jun 20 2007 under Mortgage Advice, Mortgage Refinancing





Seek Help Paying Off Mortgage Debt

There is a good news / bad news side of owing a lot of money if you’re a borrower in trouble with mortgage debt.

The good news is that your home loan lender might be willing to renegotiate your loan to give you a break on your payments.

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Posted by Richard Barber on Jun 20 2007 under Mortgage Advice