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

Mortgages can be complicated business – fortunately, there are tons of great calculators out there that take the legwork out of trying to do all ...

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

It Turns Out Housing Affordability Is Still Really Good

It Turns Out Housing Affordability Is Still Really Good
May 21, 2015 No Comments »

I’m the first guy to mutter that home prices are too high. That they’ve become too expensive, but if you look at the actual numbers, my grumbling might just be grumbling and nothing more. It’s no secret that housing affordability ... Read More »

You Can Buy a Nice House in Houston for $1

You Can Buy a Nice House in Houston for $1
May 20, 2015 No Comments »

A family living in Sunset Heights, close to the center of Houston, Texas, is parting with their home for just $1. But in order to get your hands on the 1,056 square foot, 2-bedroom, 1-bath property, you need to write ... Read More »

Small Mortgages Cost More and Are Harder to Come By

Small Mortgages Cost More and Are Harder to Come By
May 14, 2015 No Comments »

In the mortgage world, you’re more likely to get charged a higher interest rate for a larger loan amount, such as one above the conforming loan limit, in what is considered the jumbo realm. But very small loans can also ... Read More »

Why You May Want to Avoid Biweekly Mortgage Programs

Why You May Want to Avoid Biweekly Mortgage Programs
May 13, 2015 2 Comments »

Earlier this week, the Consumer Financial Protection Bureau (CFPB) took action against a biweekly mortgage company that apparently lured consumers with false promises of mortgage savings. In the suit, the CFPB claims Nationwide Biweekly Administration, Inc., Loan Payment Administration LLC, ... Read More »

HARP and HAMP Receive Final Annual Extension, Probably

HARP and HAMP Receive Final Annual Extension, Probably
May 11, 2015 No Comments »

Since being introduced back in 2009, both and the Home Affordable Modification Program (HAMP) and the Home Affordable Refinance Program (HARP) have helped millions either avoid foreclosure and/or save money on monthly mortgage payments. Both programs have been deemed pretty ... Read More »

Underwater Borrowers Account for 77% of Active Foreclosures

Underwater Borrowers Account for 77% of Active Foreclosures
May 6, 2015 No Comments »

While foreclosures might sound like old news, there are still a ton of borrowers either behind on mortgage payments or in the process of foreclosure. And it doesn’t appear as if the type of loan they took out was the ... Read More »

Realtors: Home Prices Are at Unhealthy Levels

Realtors: Home Prices Are at Unhealthy Levels
April 29, 2015 No Comments »

If you’re thinking about buying a home, but concerned home prices have risen just a little too much lately, take heed of this warning. In the latest pending home sales release from the National Association of Realtors, chief economist Lawrence ... Read More »

Department of Justice Sues Quicken Loans for Faulty FHA Underwriting

Department of Justice Sues Quicken Loans for Faulty FHA Underwriting
April 24, 2015 No Comments »

The United States Department of Justice has filed a lawsuit against Quicken Loans for improperly originating and underwriting mortgages insured by the Federal Housing Administration (FHA). The DOJ filed the suit, United States v. Quicken Loans, Inc., under the False ... Read More »

Nearly 70% of Home Listings Are Stale, but Maybe Not for Long

Nearly 70% of Home Listings Are Stale, but Maybe Not for Long
April 23, 2015 No Comments »

Even though we’re deep into April, the typical spring home buying season doesn’t seem to be in full swing. It usually picks up in March, but has yet to really take off nationwide, though some cities like Baltimore, Minneapolis-St. Paul, ... Read More »

Mortgage Lenders In Europe Now Owe Their Borrowers Interest

Mortgage Lenders In Europe Now Owe Their Borrowers Interest
April 22, 2015 No Comments »

A very odd thing is happening over in Europe. Thanks to rock bottom interest rates, some homeowners are actually due interest from their mortgage lenders. Now this doesn’t apply to fixed mortgages because as the name suggests, they’re fixed and ... Read More »