What Are Typical Mortgage Down Payments?
Traditional mortgage down payments have always been 10 to 25 percent of the total purchase price of the property. more
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How to Get a Business Loan after Bankruptcy
If you have ever filed bankruptcy, you might wonder whether you can get a business loan after bankruptcy. Bankruptcy is reported on an individual’s credit report for either 7 or 10 years. Many people believe that they will not be able to get another loan during this time frame. However, bankruptcy does not have to be the death toll many believe. It is possible to get a business loan after bankruptcy. Usually, all business loans require a personal guarantee (PG) from an officer of the business. The credit rating of that person is... more
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Mortgages
In addition to mortgage loans for home purchases, there are also other loans available for various purposes that use the home for collateral.
Rates
Mortgage interest rates are determined by credit history strength, the number of points you pay, the size of your down payment and the type of loan program you choose.
Home Buying
Obtaining funding is crucial to buying a home. This requires applying for a mortgage, choosing a house that meets the appraisal standards, and determining the amount of the down payment.
Loans
There are dozens of different types of mortgage loan programs. They have been created to suit the varying needs of homebuyers.
Moving
When making a big move, it's essential to find out as much as possible about the schools, the neighborhoods, the housing costs and the community resources.
MORE MORTGAGE ARTICLES
Alternatives to Getting a 2nd Mortgage
There are several alternatives to getting a 2nd mortgage for homeowners who need cash. Whether a borrower wants to put their assets on the line as collateral and has good credit, there are options. A home equity line of credit is one main alternative to a 2nd mortgage. This line of credit would equal the value of the property minus the amount due on the original mortgage. more
Should You Refinance? Make Sure the Timing is Right
Deciding whether or not you should refinance depends on your personal financial situation. If interest rates are lower today than they were when you first took out your mortgage, refinancing makes sense. more
- FHA Loans for a First-Time Home Buyer
- FHA Eligibility with Bankruptcy and Foreclosure
- Appraisal Basics
- Short Selling a Rental Property
- What Lenders Don't Reveal About Home Equity Loans
- 3 Reasons Banks Reject Short Sales
- What To Do When Mortgages Default
- 3 Factors that Can Negatively Affect Your Mortgage Application
- 3 Common Short Sale Mistakes
- 3 Warning Signs of Loan Modification Scams
- Second Mortgages: Advantages and Disadvantages
- Low Down Payment Loan Qualification
- How to Get Approved for an FHA Loan despite Bad Credit
- Home Equity Loans for People with Bad Credit
The Mortgage101 Blog
New Initiative Could Help Some Underwater Mortgage Holders
The Obama administration is once again making attempts to help homeowners with underwater mortgages, meaning they owe more on their mortgage than what their home is currently worth. Each day more and more homeowners across the country are finding themselves in this predicament. As a result many people have voluntarily walked away from their... more