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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Mortgages
In addition to mortgage loans for home purchases, there are also other loans available for various purposes that use the home for collateral.
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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.
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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.
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There are dozens of different types of mortgage loan programs. They have been created to suit the varying needs of homebuyers.
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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
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 Warning Signs of Loan Modification Scams
Loan modification has become very popular in recent years with mortgage lenders. It has been used in a variety of different ways to change the existing terms of mortgages that they hold. While sometimes loan modification can be to your advantage, many times it is not. There are many loan modification scams out there that you should be aware of. Here are a few warning signs to watch out for with loan modification. more
- Second Mortgages: Advantages and Disadvantages
- Short Selling a Rental Property
- FHA Eligibility with Bankruptcy and Foreclosure
- Low Down Payment Loan Qualification
- 3 Reasons Banks Reject Short Sales
- Alternatives to Getting a 2nd Mortgage
- 3 Factors that Can Negatively Affect Your Mortgage Application
- Appraisal Basics
- FHA Loans for a First-Time Home Buyer
- Home Equity Loans for People with Bad Credit
- What Lenders Don't Reveal About Home Equity Loans
- Should You Refinance? Make Sure the Timing is Right
- 3 Common Short Sale Mistakes
- How to Get Approved for an FHA Loan despite Bad Credit
The Mortgage101 Blog
News Flash: Foreclosure May Be Bad for Your Health
An extremely obvious and seemingly needless study by the Alameda County (California) Public Health Department has just reported that going into foreclosure can really affect your physical and mental health. Perhaps you’d never guess it, but this survey of the East and West Oakland neighborhoods found that foreclosure can cause all sorts of ailments - like... more