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Tag Archive | "Mortgage News"

Property Investment: Real Estate Investment in Your Portfolio

Property investment can be volatile, so should real estate investment be a component of your portfolio?  The problems of the sub-prime mortgage fiasco have never really disappeared, and we still hear of foreclosures, short sales, opportunities and lost dreams – so does real estate offer good investment potential or not? Here are some pros and […]

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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 […]

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HUD Homes and FHA Loans for Adverse Credit Mortgages

HUD homes and FHA loans can be used to enable those with low FICO scores to get adverse credit mortgages. The Department of Housing and Urban Development (HUD) offers insurance on mortgages, and when a homeowner with such insurance is unable to maintain the mortgage repayments, the lender forecloses and HUD pays the balance due. […]

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What Mortgage is Best for You: Common Types of Mortgage

What mortgage is best for you? It is not possible to answer that question without knowing your personal details. However, here are some of the more common types of mortgage, and each should be available to most people. Fixed Rate Mortgages A fixed rate mortgage is the most common type of mortgage loan in the […]

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First Time Buyers: Buying Your First Home

First time buyers are usually excited but nervous when they decide to purchase their very first home. They worry about what is involved, and how to go about purchasing the best home they can for the money they have. It is the biggest commitment of anybody’s life after marriage and having children. Their home is […]

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Employment Data and Mortgage Rates: The Connection Between Them

Employment data and mortgage rates are intimately connected. This is partially because the Federal Reserve must maintain conditions that favor as high a level of employment as possible but must also contain inflation. These are not compatible with each other. The Federal Reserve and Discount Rates Each month, the Bureau of Labor Statistics publishes an […]

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Lease Option to Buy: Pros a Cons of Leasing a Home

A lease option to buy enables you rent out your home, but also offers the tenant to the right to buy at a prearranged price after a specified period of time. Leasing a home is also known by other terms such as ‘rent to buy,’ because you receive a monthly rent and at the end […]

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Real Estate Property Investment: Using a Self-Directed IRA

Real estate property investment can be a lucrative way to use your IRA. An Individual Retirement Account Fund can be used to purchase assets such as real estate if you go about it the right way and form a self-directed IRA (SDI). Because you or your family cannot profit from an IRA until you retire, […]

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Mortgage Refinance: Advice on Refinancing a Mortgage

Mortgage refinance is not always possible if there is a second mortgage on the home. In fact, many people get confused by the two terms: refinancing a mortgage and taking a second mortgage. They are quite different, and sometimes one or the other is the wisest step to take. We shall first discuss the difference […]

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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. […]

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