Buying a house after bankruptcy is definitely not an impossible undertaking, provided that you are prepared to do the work and you are patient. By doing whatever is necessary and working through it, you can get a mortgage...
Home ownership has achieved near mythic status as an essential element of the American Dream. So deeply ingrained has this concept of the American Dream become that it is all too easy to forget that at the turn of the 20th...
A mortgage broker "buys" loans from a variety of mortgage lenders at a wholesale cost, and sells the loan to another mortgage banker, receiving a commission on the sale. A banker, gets a loan from your local bank. A banker...
Mortgage rates affect the long-term cost to finance a home purchase. At the same time, interest rates represent risk for mortgage lenders. Lower rates are associated more often with low-risk borrowers whose stable and...
Home refinancing is a complicated process that can often be confusing. However, if done correctly, it can save you tens of thousands of dollars, depending on the process. In its barest definition, home refinancing is...
When deciding just how much to put down on a house, there are two sides to the equation to make this work out in an acceptable fashion for you. First, consider ALL the costs that come with the house. Only after you know all...
FHA (Federal Housing Administration) loans are popular with first-time home buyers. After the subprime meltdown, it has been more difficult for first-time home buyers to qualify for a mortgage. FHA loans are still easier to...
For all the talk of how tough it is to be "mortgage approved", the basics of mortgages haven't changed. Mortgage approvals are still the 3-legged stool of income, equity, and credit. Sometimes, though, it's not...