What is an FHA Mortgage
Updated Oct. 9, 2013
What is a FHA Mortgage?. Want to become a homeowner, but you're not sure if your current finances will let you qualify for a mortgage? A FHA mortgage could be your solution! But what exactly is a FHA home loan?This mortgage option is run by the Federal Housing Administration (FHA) to make it easier for home...

Stress-Free Refinancing in Four Steps
Updated Oct. 9, 2013
Stress Free Refinancing in Four Steps. With rates staying so low, you may be considering to refinance your home loan. However, make sure you're aware of the top four refinancing mistakes so that you can avoid them!1. Refinancing When You Shouldn'tMaybe your neighbor told you about the amazing low rate...

What Documents Do I Need For a Home Loan?
Updated Oct. 24, 2014
What Documentation Do I Need For a Home Loan?. One of the most confusing things when getting a mortgage is what type of documentation is required. While your loan officer should tell you exactly what you need to provide, when they need it, here is a general guideline of what documentation you should expect to have on...

Improving Your Credit Score
Updated Oct. 9, 2013
5 Steps to Improving Your Credit Score. There are no quick fixes when it comes to your credit. However, if you're willing to take the time, you will eventually be able to raise it through careful budgeting and management. With these five steps, you may be able to considerably improve your credit score:. Check...

HARP Refinance Basics
Updated Oct. 9, 2013
Can a HARP refinance help you?. A HARP refinance, in short, allows you to refinance with expanded eligibility requirements. That could mean that you are allowed to refinance with a higher debt ratio than usually allowed, or a higher loan to value ratio than is usually allowed. That flexibility allows many...

Obvious Decisions?
Updated Oct. 9, 2013
When buying a home, there are a lot of obvious decisions that you'll be making. Which house you want to buy, which loan you're going to choose, how long the loan will be for, etc. Then there are also a lot of not-so-obvious ones. What are they and how can you be prepared for them? . 1. To get a mortgage or to not get a...

Renting Vs. Buying
Updated Oct. 9, 2013
Buying A Home Is Cheaper than RentingYou can save hundreds of dollars a month by buying a home instead of renting -. The most important housing decision that most consumers face is whether to rent or to buy. So to help them with this decision, let's look at the key market factors affecting the cost of...

Millions of Homeowners Freed from Negative Equity
Updated Oct. 9, 2013
Homeowners across the country were freed from negative equity in 2012. According to the Zillow Negative Equity Report, almost 2 million homeowners escaped underwater situations throughout the year. Negative equity fell to 27.5 percent, compared to 31.1 percent a year ago.At the end of the fourth quarter, Zillow...