mortgages and home loans learning center articles
Credit Crunches Home Buying
Another indicator that the fall out from the collapse of the sub-prime mortgage market was impacting other related industries became evident recently. The National Association of Realtors (NAR) announced that the prolonged disturbance being felt in the mortgage market had placed increasing pressure on a key pending home sales index in August,
continued...› | 11/25/2008
Can you afford a Vacation Home?
Buying a vacation home can put a major strain on your finances if you do not put the time and effort into researching all of your options. This is a major purchase in your life, and if you do not take your time you could end up making the wrong decision. Luckily,
continued...› | 11/12/2008
Find a Second Mortgage Online
Are you interested in obtaining a second mortgage? If so, you are probably well aware of the fact that there are many lenders that are willing to give you the money that you want. But before you decide on just any second mortgage lender you need to make
continued...› | 11/6/2008
Top Ten Loan Terms
Everyone knows that you should never sign on the dotted line without reading the contract. This same term applies to loans. Signing a loan without knowing the terms and what everything means can be detrimental to your finances, credit and future investments. Before you sign on the dotted line, make sure that you know these terms
continued...› | 10/23/2008
Mortgages, Second Mortgages & Home Equity Loans Explained
Because most real estate buyers do not have enough cash available to buy a home outright, a mortgage is required to finance the purchase. And because a purchase will likely be contingent upon obtaining a mortgage, the seller has the right to be informed of the buyer's financing plans
continued...› | 8/21/2008
Pre-Approval Tips
Pre-qualification is an informal way to see how much a potential homebuyer can borrow and is usually free. A lender estimates how much mortgage a buyer can afford by examining the potential homebuyers credit report, income, long-term debts, and any other information the potential homebuyer has on hand.
continued...› | 8/1/2008
Credit Information
A credit report is an ongoing record of your personal information and how you have paid your credit card debt and other bills. A credit report reveals how much debt you have, whether or not you have made your payments on time, or if you have neglected to
continued...› | 8/1/2008
Down Payment Assistance FAQs
So you are interested in buying a home. You qualify for a loan but do not have the finances for a down payment. You may be eligible for one of several down payment assistance programs. ForeclosedHomes.com has assembled a list of FAQs to help answer your questions about down payment assistance programs.
continued...› | 7/31/2008
Down Payment Assistance
Effective October 1st, 2008 Non-Profit Down Payment Assistance Programs were ELIMINATED:
President Bush signed H.R. 3221 – Housing and Economic Recovery Act on July 30th, 2008. Section 2113 of the bill prohibits seller-funded Down Payment Assistance for loans backed by the FHA.
continued...› | 7/31/2008
Foreclosure Financing Options
Foreclosures are up 50% from 2007, the price of homes has dropped more than 20% in top markets, homebuilders hold more than one years worth of inventory, and stock indexes have fallen more than 20%. While this news sounds dire there is some good news;
continued...› | 7/30/2008