Demystifying How Mortgages Are Calculated Mortgage Due Dates 101 Cash Out Refinance vs. Rate and Term Refinance Should You Bother Refinancing Your Current Mortgage Rate? 10 Ways to Build Home Equity A Mediocre Credit Score Will Cost You Big on Your Mortgage 6 Things Holding Renters Back From Becoming Homeowners

Demystifying How Mortgages Are Calculated

Calculating a Mortgage Mortgages can be complicated business – fortunately there are a ton of great calculators out there that take the legwork out of ...

Mortgage Due Dates 101

If you recently took out a mortgage, or have been thinking about financing a piece of property, you may be wondering when your mortgage payments ...

Cash Out Refinance vs. Rate and Term ...

It’s time for another mortgage match-up, though this installment is more about distinction than rivalry. If you’re in the market to refinance your current mortgage ...

Should You Bother Refinancing Your Current Mortgage ...

If you don’t mind, let me beat a dead horse. Mortgage rates are at or near record lows and you could save a ton of ...

10 Ways to Build Home Equity

These days, home equity is all the rage. During the housing boom, it was all about tapping into your home equity with a line of ...

A Mediocre Credit Score Will Cost You ...

While there are a number of factors that determine what mortgage rate you’ll qualify for, assuming you can indeed qualify for a mortgage, perhaps the ...

6 Things Holding Renters Back From Becoming ...

A new survey from real estate listing service Trulia revealed that 59 percent of renters aspire to be homeowners, but there are six main issues ...

Latest Posts

Why You May Want to Apply for a Mortgage When Things Are Slow

Why You May Want to Apply for a Mortgage When Things Are Slow
September 14, 2017 No Comments »

A new working paper from the National Bureau of Economic Research reveals that it might be best to apply for a mortgage when no one else is. The analysis, “The Time-Varying Price of Financial Intermediation in the Mortgage Market” (if ... Read More »

23% of Recent Purchase Mortgages Required a Co-Borrower

23% of Recent Purchase Mortgages Required a Co-Borrower
September 7, 2017 No Comments »

It appears home prices are rising too much, too fast, if the latest report from ATTOM Data Solutions is any indication. The company noted that 22.8% of single-family home purchase loans originated in the second quarter contained a co-borrower. ATTOM ... Read More »

Mortgages for Doctors: Expanded LTVs and Large Loan Amounts

Mortgages for Doctors:  Expanded LTVs and Large Loan Amounts
September 6, 2017 No Comments »

If you’re a doctor, or even a resident, or even a veterinarian, getting a mortgage can be a little bit easier thanks to so-called physician mortgages offered by most major lenders. Just about every bank offers a special mortgage program ... Read More »

ZHome Lets You Sell Your Current Home in 24 Hours So You Can Buy a Brand New One

ZHome Lets You Sell Your Current Home in 24 Hours So You Can Buy a Brand New One
August 31, 2017 No Comments »

A company called ZHome, which can apparently generate an offer to buy your home within 24 hours, is also making it easier for existing homeowners to buy brand news homes. There are several issues with unloading one home and acquiring ... Read More »

Wells Fargo Hit with Lawsuit Related to Improper Mortgage Lock Fees

Wells Fargo Hit with Lawsuit Related to Improper Mortgage Lock Fees
August 30, 2017 No Comments »

It’s been a tough year or so for Wells Fargo, the undisputed king of mortgages. While they continue to lead the nation in home loan origination volume, they seem to be getting hit from every angle thanks to some alleged ... Read More »

360 Mortgage Group Touting 15-Minute Mortgage Approval Sans Loan Officer

360 Mortgage Group Touting 15-Minute Mortgage Approval Sans Loan Officer
August 29, 2017 No Comments »

A mortgage bank by the name of 360 Mortgage Group is making some lofty claims, one being a 15-minute full mortgage approval. The company says its customers can “receive a true loan approval in 15 minutes on average,” which sounds ... Read More »

Jay-Z and Beyoncé Take Out $52.8 Million Mortgage on Bel Air Home

Jay-Z and Beyoncé Take Out $52.8 Million Mortgage on Bel Air Home
August 24, 2017 No Comments »

Think you can’t get a jumbo loan these days? Think again. Power couple Jay-Z and Beyoncé somehow managed to get a $52.8 million-dollar mortgage from the bank to finance their home in Los Angeles. Per the LA Times, the pair ... Read More »

Mortgage Lender Nationstar Becomes Mr. Cooper, Will Offer Home Rewards Credit Card

Mortgage Lender Nationstar Becomes Mr. Cooper, Will Offer Home Rewards Credit Card
August 23, 2017 No Comments »

Nationstar Mortgage officially announced its name change to “Mr. Cooper” this week in what appears to be an effort to make a fresh start with a more appealing and consumer friendly image. At first glance, the name Mr. Cooper sounds ... Read More »

Primary Residence vs. Second Home vs. Investment

Primary Residence vs. Second Home vs. Investment
August 22, 2017 2 Comments »

Sometimes I’m surprised I miss the most basic of mortgage definitions, seeing that this blog has been around for more than a decade, but alas, I’ve never written about occupancy specifically. So without further ado, let’s talk about the three ... Read More »

Soon You May Be Able to Buy a House Without an Appraisal

Soon You May Be Able to Buy a House Without an Appraisal
August 18, 2017 No Comments »

Here’s something that may finally speed up the typically slow home loan process: an appraisal-less home purchase. Yep, it’ll be a reality for some folks come September thanks to a new initiative by Freddie Mac. First a little background. The ... Read More »