Articles

In the process of searching for the best mortgage, you may come across both mortgage brokers and mortgage loan officers. What’s the difference and which one should you work with in securing the best loan at the best rate with the best service?

Homeowners have some common mortgage misconceptions that can cost them thousands of dollars. Learn what they are and the real facts.

Payments to 4.2 million borrowers whose homes were in any stage of the foreclosure process in 2009 or 2010 are scheduled to begin on April 12.

Getting a FHA mortgage was once the most affordable way for first-time mortgage borrowers to buy a home. But is that quickly changing?

The federal government is looking for ways to help homeowners who are in danger of being affected by the foreclosure crisis. What are some of the plans being discussed and how much money is involved in some of these plans?

The decision whether to pay down, or entirely pay off your mortgage earlier, is largely dependent on your personal economic situation and confort level with alternative ways to deploy your capital safely.

Is the housing market in a definite upswing nationally? If you have held off buying a home, is now the time to act before prices go much higher?

A new report from Fannie Mae indicates that many U.S. mortgage shoppers are leaving thousands of dollars on the table when they apply and close a mortgage.

HARP has proven to be an effective tool for helping underwater homeowners refinance their mortgages down to more affordable levels. But is the program as currently constructed reaching enough homeowners to make a real difference in the housing market?

Unlike buying a house, when you buy an apartment in a New York co-op, you’re not buying real property, but shares in a corporation. Because the buyer does not actually own any real estate, getting financing for a co-op can be more complicated and tricky than obtaining a traditional mortgage for a house.

Those moving to New York for the first time and those New Yorkers who grow tired of paying rent and looking to purchase their own place are all likely to end up dealing with a choice that most homeowners outside New York do not face: whether to opt for a co-op or a condo. The pros and cons of each are discussed here.

While lending restrictions seem to be very stringent right now, there are new regulations that are set to be in place in 2013 which could make them even stricter.

The mortgage interest deduction has been on tax forms for many years. Would it affect you at all if that deduction was no longer available?

As you grow older, your mortgage needs change. But what types of mortgage products are available for buyers in different age groups and financial situations?

Sure, a reverse mortgage can fund your Caribbean cruises, and is generally tax-free and will not affect your social security or Medicare benefits, but reverse mortgages are not for everyone. Originally created to help seniors stay in their homes by converting equity in their homes to a sort of disposable income, reverse mortgages can end up being nightmares for seniors who cannot keep up with the terms and conditions associated with these types of loans.