• When Should you Apply for a Second Mortgage Loan?

    If you are drowning in debt or you have major home repairs that need to be completed, you may be thinking about taking out a second mortgage. It’s understandable if you’re on the edge about this type of loan because it uses your home as collateral. Since it can...
  • What Is A Mortgage Rate Lock?

    A mortgage rate lock is a commitment the lender makes to an interest rate in the beginning of your loan application, which lasts for a certain duration while your loan is processing. If the rate fluctuates via market influences your interest rate for your loan will stay the same....
  • What Home Loan Program Options Are Out There?

    For almost as long as there have been home loans, there are home loan programs to help potential and first-time home buyers purchase the home of their dreams. The recent decline in the economy and, particularly, in the real estate market has resulted in the development of many more...
  • Refinancing your Home with FHA Loans

    Homeowners considering refinancing of their properties may qualify for an FHA streamlined refinance loan, cash-out refinance loan, or a no-cash refinance loan. According to FHA loan rules, applicants for a new mortgage must meet the eligibility criteria, not be the same party as the original loan, and reside on...
  • How you Can Calculate Mortgage Costs

    Calculating mortgage costs for yourself is actually much easier than it ever has been. Because of the prevalence of the Internet, you now have access that was previously only available to the financial elite. Chief among these tools is the online mortgage calculator that will allow you to break...