mortgages and home loans learning center articles
4 Mortgage Mistakes to Avoid
Getting a mortgage for you home can be a huge undertaking. Unfortunately, a few mortgage mistakes could cost you your new home. The following are four mortgage missteps that could prevent you from getting a mortgage:
continued...› | 10/9/2009
Steps to Getting a Home Mortgage
Getting a mortgage often seems like an endless paper chase for prospective homebuyers. They gather all the required documents and wait for the phone to ring, which in some cases, leads to another round of gathering and waiting. However, knowing the steps to getting a home mortgage before you
continued...› | 8/12/2009
Shopping for a Mortgage? Six Things You Should Know
When you begin your search for a home mortgage, having a good grasp of mortgage basics will help you find the best mortgage loan. Here are six essential pieces of mortgage information to assist you with your home mortgage shopping and help you save money in the end.
continued...› | 7/20/2009
5 Mortgage Mistakes You Can't Afford
Whether you’re buying your first home or your fifth, mortgage mistakes can become serious financial disasters with long-lasting consequences. Most people commit home loan mistakes by failing to properly prepare and have all their paperwork in order. However, even if prospective homebuyers prepare properly, have all their documentation together, and make a sober assessment of how much home they can comfortably afford, they can still fall victim to a mortgage mistake that will haunt them for a long time. Here are 5 common mortgage mistakes that you simply cannot afford to make:
continued...› | 6/30/2009
Recognizing Predatory Lenders
Want to stop predatory lending? Arm yourself with the knowledge you need to spot mortgage scams and steer clear of the sharks that cruise the home lending waters. Here’s a short guide to help you identify mortgage fraud.
continued...› | 5/18/2009
What are closing costs?
Whether your lender calls them closing fees, mortgage closing costs, closing cost fees, mortgage closing fees, or another name, closing costs are generally not included in the purchase price of the home. Some closing fees may be universal, while others are specific to the town or state where you live.
continued...› | 2/23/2009
How to Prepare for the Home Loan Process
If you are preparing to buy your first home, the mortgage loan process can seem like an endless paper chase. Even those who are going through the loans process for the third or fourth time find that the home loan process is a hurry-up-and-wait proposition where lenders dictate the pace.
continued...› | 2/23/2009
Choosing The Right Lender For you
If this is your first time in the home loan market, you probably have a lot of questions. Should you find a mortgage broker or take your business to a savings and loan bank? Would a credit union be a better place to get a home loan?
continued...› | 2/4/2009
Secrets to Qualifying for a Home Loan
Unless you’ve bought a home before, home loan requirements seem like a long series of filling out forms, jumping through hoops, and impersonal meetings with lending officers. As lenders tend to be a very conservative bunch, they prefer that everything is in order before they allow borrowers to qualify for a mortgage.
continued...› | 2/3/2009
Benefits of a Second Mortgage
Contrary to what many people believe, there are some benefits to taking out a second mortgage. That is not to say that you should get a second mortgage just for the benefits, but if you do find yourself in the position of having to take a second mortgage
continued...› | 12/3/2008