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Category | Mortgage News

Assuming The Loan When You Purchase A Home

Assuming a fixed rate mortgage loan is possible if you can meet some very stringent requirements. Loan assumption is a more compelling prospect if interest rates are rising and it would be harder to get equivalent terms any other way. An assumable mortgage just means that you can transfer the responsibility to repay the loan […]

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All Cash Or Small Home Loan, Pros And Cons Of Each

When you have the funds to pay cash for your home, do you apply for a mortgage a loan or do you pay cash? It is a luxurious dilemma. If you are considering a home purchase and you have the financial resources to pay cash, without the expense and stress of borrowing from a bank […]

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Put Funds In The Bank With A Cash-Out Refinance

A cash-out refinance mortgage repays your current balance with a larger loan and gives you the difference as a lump sum of cash at closing. You can use this money for anything that you wish, but some choices are wiser than others. There are few proper uses to cash out in this way and plenty […]

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Veterans Can Double Down On Their VA Home Loans

Veterans of the United States Military who wish to own a home have a resource that in second to none in supporting home purchase through the U.S. Department of Veterans Affairs (VA), which offers a home loan guaranty benefit that is second to none. Not only is there an excellent facility to buy a home […]

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Avoid These Things To Prevent Home Loan Approval Delays

No Sudden Financial Moves Once your lender preapproves you for a mortgage, and you have paid to start the application process, you need to make sure not to do anything that will cause the bank to think twice. Otherwise, you will have to deal with the consequences of delays or contract termination. The risky behaviors […]

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Don’t Take The First Mortgage Package On Offer, Get What Works For You

Home lending is a gigantic industry in the United States; in 2014 lenders originated $1.24 trillion in new home lending and there are more than 7,100 lenders. There are plenty of different mortgage plans available for you to choose. So, as a consumer considering taking on a new mortgage, you can afford to be picky. […]

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Get Ready For The Bump When Your ARM Adjusts!

The Day Has Arrived That day that you thought was far off in the future when you signed for your adjustable rate mortgage has come. Yes, it’s time for your interest rate to adjust and you don’t know what to expect. Perhaps you secured a low initial rate by going with the ARM or you planned […]

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As Prices Go Up How Soon Can I Refinance My Mortgage?

Don’t Just Churn Your Finances Once you have closed on your mortgage, collected the keys and settled into your new home, you might start thinking about how you can get a better deal. Maybe your payments are high, compared to the market rate, or you want to change the term over which you repay the […]

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What Are The Rules For Self-Employed Borrowers?

Information Is The Key For Self-Employed Borrowers Independent professionals and freelance workers lack the paperwork that lenders rely on to determine the financial condition of employed applicants. About six percent of the non-agricultural workforce is self-employed. When self-employed people want to purchase homes, they find that they live in a different financial world than the […]

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5 Tips To Finance Rental Units

Private investors often act as lenders to finance deals that provide reliable security on which to earn income and asset growth. This sector of real estate lending and investment is the least regulated, which is a good thing because you can get creative to add value in the deal; it also means that you need […]

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