Articles Contributed to by Edward Fallon

Letter of Explanation for Credit Issues
Borrowers are often prompted to write a letter explaining the reasons for credit default. You can use our sample letter as a guide if you asked to write such a letter.. Dear Sir or Madam,. This letter provides explanations for each negative item on my credit report that you will...

Reasons to get an Adjustable-Rate Mortgage
Rising mortgage interest rates are inspiring many prospective homebuyers to explore alternatives to fixed-rate mortgages. If you are looking for an alternative to a fixed-rate mortgage, you may want to consider an adjustable-rate mortgage. An adjustable-rate...

Making a Mortgage Decision: Conventional, FHA and VA Home Loans
The three major loan program categories are conventional mortgages, FHA mortgages, and VA mortgages. Consider the following advantages and disadvantages of each to see which one is best for you:.  Conventional MortgagesAny home loan not insured or guaranteed by the...