Need Mortgage Help?
888-760-0222
Fast Mortgage Rate Quotes

Tag Archive | "mortgage loans"

Three Tips To Close Your Home Loan Faster

There are two ways to look at how you close your home loan. When you are taking out a home loan to buy a home, the term closing means the initial setting up the loan with your bank, as part of the escrow process. Indeed you can close your home loan faster by taking precautions […]

Read The Full Post »

Tags: , ,

Balloon Mortgages And When They Make Sense

It sounds a little strange doesn’t it that companies would come up with the name “balloon” to describe a mortgage. However, it makes more sense when you understand what a balloon mortgage is. It allows you to borrow a larger amount, paying only on a percentage of what is borrowed, and then making one “balloon” […]

Read The Full Post »

Tags: , , , ,

How Does Mortgage Refinancing Work?

Reasons To Consider Mortgage Refinancing Refinancing in mortgage lending is when a homeowner, who has existing financing on their home returns to the market and replaces the existing mortgage, hopefully on better rates and terms than the original. There are many good reasons to consider refinancing your home but it might require a careful examination […]

Read The Full Post »

Tags: , ,

Why Pay Points on a Mortgage?

When you are shopping for a mortgage you will hear the term points and learn that they are an expense that you have to pay up-front, at closing to kick off your home loan. So the question is: Why pay on a mortgage? This is an up-front fee that is common practice but it can be […]

Read The Full Post »

Tags: , , , ,

Estate Planning and Mortgage Loans: Protecting Your Heirs

What do you do about your outstanding mortgage loans in estate planning? At one time it was everyone’s goal to clear their mortgage and for their property to be owned outright with no payment burden on their heirs. Today, however, this is not always possible due to high property and land prices, and various mortgage […]

Read The Full Post »

Tags: , ,

Mortgage Loans: Types of Mortgage Lenders and Loan Officers

Mortgage loans are available from different types of mortgage lenders. Many people are confused by the differences between types of lender, and also by the role played by loan officers. Here is a brief explanation of the parts played by those that may be involved when you apply for a mortgage. Mortgage Brokers Mortgage brokers […]

Read The Full Post »

Tags: , , ,

Jumbo Mortgages: What is a Jumbo Mortgage and Why Have One?

Jumbo mortgages are mortgage loans that are higher than the normal mortgage loan limits. It is not an arbitrary figure, but one set by Fannie Mae and Freddie Mac for residential mortgages.  In most areas of the US, a jumbo mortgage starts at over $417,000. In the more expensive urban areas of San Francisco, Los […]

Read The Full Post »

Tags: , ,

Truth in Lending and Your Mortgage Loan

Truth in Lending was introduced in 1968 to ensure uniformity in the way that costs incurred in borrowing, such as a mortgage loan, are calculated and presented to the borrower. It should, in theory, enable consumers to compare the costs of various mortgage loan types and lenders in a consistent manner. Let’s take an example. […]

Read The Full Post »

Tags: , , , , ,

Mortgage Rates