Mortgages

Mortgage Terminology You Need to Know

Although home lenders can be difficult to understand at times, they are not speaking a foreign language. By understanding these common mortgage terms, borrowers can feel confident when buying or refinancing their homes. Mortgage A residential mortgage is a contract…

4 Ways to Avoid Foreclosure

When you are in danger of losing your home, these tips can help you fight to keep it. Here are four ways the average American can avoid foreclosure. 1. Find more money. Can anyone in your household work a part-time…

The Truth About Mortgage Interest Rates

Unfortunately, many mortgage shoppers are under the impression that banks set the rates on home loans. Consumers may see an ad with Bank ABC offering 6.5 percent on a 30-year fixed rate loan while bank XYZ offers 6.25 percent, and…

Reverse Mortgage Calculators

Calculating the Advantages For many senior homeowners, there are untapped and valuable sources of funds from the equity in their homes. Reverse mortgage calculators can help senior homeowners decide whether this home equity finance option is right for them. Calculators…

A Guide To Mortgage Refinance

Lowering the mortgage payment is like getting a raise. Every dollar shaved-off the monthly payment can improve financial flexibility and make budgeting easier. Everyone would like to have lower monthly payments. Some homeowners have a mortgage and a home equity…

Mortgage Refinance Calculator

 Reasons to Refinance Many homeowners see ads or hear of lower interest rates than they currently pay on an existing home mortgage loan. There may be good reasons to consider refinancing. Interest rates may have fallen; currently, in the United…

Is It Still a Good Time to Buy a Home?

After a decade of instability in the real estate market, it looks like home prices are finally becoming stable. In 2014, housing prices advanced by 6.4 percent. Last year, they continued to increase by 4 percent. According to Kiplinger, the…