FHA Loans 101

An FHA loan is one of the tools available if you want to buy a home but don’t have much money for a down payment. I actually bought my home with the help of a FHA loan. However, it is important to consider the pros and cons of a FHA loan before jumping in. What [...]

Buy a House Without Making Big Money Mistakes

Buying a house involves making lots of decisions, many of which are daunting because of the high cost of real estate. I spent 20 minutes on the phone with a friend of mine this morning talking through various options and considerations for selling his home and buying a house in our area.  I could hear the [...]

5 Ways to Pay Off Your House Early

Paying off your house is probably something that you’d love to do but like many of us you don’t have the funds to make it happen.  Today we’ll look at five ways that you can make a dent in the amount you owe on your home loan and pay off your mortgage early.  Paying it [...]

What To Do If You Can’t Pay Your Mortgage

Owning a home is a great thing… until you find yourself in a financial place where you can’t pay the mortgage loan. With the housing bubble going bust and the ensuing financial crisis the inability to pay a mortgage has gone from being a rare occurrence to, sadly, something quite common. Millions of Americans have [...]

How to Improve Your Credit & Buy a House

If you want to buy a house with bad credit, the drop in housing prices over the last few years may be a little frustrating.  Real estate is on sale but it may be tough to get approved for a home loan with bad credit. It doesn’t mean that you absolutely won’t be able to [...]

30 Year Mortgage vs 15 Year Mortgage

“Would you like a fifteen year or a thirty year mortgage”? You are sitting in a tiny chair with an anxious mortgage broker staring back at you, visibly impatient and waiting for an answer. For you it’s a major decision, but to the broker your just another customer in a long day at work. So, [...]

How to Use a Mortgage Calculator to Compare Home Loans

A mortgage calculator can be a great way to screen the home loans available to you online.  The nice thing about a good mortgage calculator is that it lets you quickly compare loans and gives you a snapshot of the costs you’ll have to pay. Mortgage rates are pretty low these days but not all [...]

Reverse Mortgages 101

Reverse mortgages have gained popularity in recent years among people in the retirement phase of their life. Reverse mortgages are attractive to retirees living on fixed incomes because they don’t have to make any payments while they’re living in their house. However, it is important to remember that although you’re not making payments a reverse mortgage is [...]

Mortgage Refinancing Mistakes

Mortgage Refinancing Pitfalls Thinking about mortgage refinancing?  You’re not alone, with some of the best mortgage rates available in history many people are debating whether they should spend the money and refinance.  The benefit of refinancing comes from borrowing at a lower mortgage rate so you can either lower your payments or reduce your loan term, either way saving [...]

Mortgage Protection Insurance Basics

When we first bought our home we received a ton of advertisements for mortgage protection insurance in our mailbox within the first week. They kept on coming at least one or two letters per week offering mortgage protection insurance, mortgage protection plans, and mortgage cancellation insurance for the first six months of owning our home. [...]

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