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
3 Common Short Sale Mistakes
A real estate short sale can be a win-win situation for everyone involved, but there are common short sale mistakes to avoid if you want to close the deal. more
What To Do When Mortgages Default
Mortgages default every day in the world and they are just a normal part of the business for mortgage lenders. There are a certain number of mortgages that will default every year and it is planned for accordingly. While it is common business practice for lenders, it can be devastating for you individually. If you default on a mortgage, it can ruin your credit and your financial outlook for the future. Mortgage default is a major setback for you, but it is not the end of the road. If you are faced with a default on your home, you can take measures to get back in good standing with the lender. more
- 3 Reasons Banks Reject Short Sales
- FHA Eligibility with Bankruptcy and Foreclosure
- What Lenders Don't Reveal About Home Equity Loans
- Home Equity Loans for People with Bad Credit
- Should You Refinance? Make Sure the Timing is Right
- How to Get Approved for an FHA Loan despite Bad Credit
- FHA Loans for a First-Time Home Buyer
- Low Down Payment Loan Qualification
- 3 Factors that Can Negatively Affect Your Mortgage Application
- Second Mortgages: Advantages and Disadvantages
- Short Selling a Rental Property
- Appraisal Basics
- 3 Warning Signs of Loan Modification Scams
- Alternatives to Getting a 2nd Mortgage
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