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

Detroit Home Buyers Offered Zero Down Mortgages Up to 150% LTV

Detroit Home Buyers Offered Zero Down Mortgages Up to 150% LTV
April 16, 2015 No Comments »

While this might sound like another exotic mortgage gone wrong, it’s actually a new program geared toward making the city of Detroit better, not worse. And somewhat ironically, it is a ridiculously high LTV mortgage with few underwriting requirements that ... Read More »

Financing Isn’t the Number One Reason Home Purchase Contracts Are Terminated

Financing Isn’t the Number One Reason Home Purchase Contracts Are Terminated
April 14, 2015 No Comments »

When you think about why home purchase contracts fall apart, mortgage financing is probably the first issue that comes to mind. But there’s actually another reason why most real estate contracts fall through – the home inspection. The February 2015 ... Read More »

Fannie Mae Is Offering 3% Toward Closing Costs If You Educate Yourself

Fannie Mae Is Offering 3% Toward Closing Costs If You Educate Yourself
April 14, 2015 No Comments »

Today, Fannie Mae tweaked their HomePath program a bit more by offering three percent in closing cost assistance if eventual home buyers complete an online homeownership course. The credit can be used to pay for standard home buyer closing costs, ... Read More »

A Good Time to Sell a Home, But Buyers Aren’t Interested?

A Good Time to Sell a Home, But Buyers Aren’t Interested?
April 9, 2015 No Comments »

Here’s a bit of a quandary. While 2015 might be a good time to sell your home, fewer say they’re interested in buying, according to the latest monthly edition of the National Housing Survey from Fannie Mae. The government-sponsored enterprise ... Read More »

Lady Antebellum to Pay Fans’ Mortgages

Lady Antebellum to Pay Fans’ Mortgages
April 8, 2015 No Comments »

What do a popular country band and your mortgage have in common? Probably nothing, unless you’re one of seven lucky winners. A new contest has been launched by, you guessed it, Quicken Loans, and the pop country band Lady Antebellum. ... Read More »

Soon Your Mortgage Lender May Pull Your VantageScore

Soon Your Mortgage Lender May Pull Your VantageScore
April 7, 2015 No Comments »

Last week, HUD Secretary Julián Castro and NAR President Chris Polychron told a room full of realtors that it was exploring alternative credit scoring models to expand access to mortgages. As it stands, FICO scores are the only game in ... Read More »

Seven Million Homeowners May Benefit from a Refinance, But That Could Change

Seven Million Homeowners May Benefit from a Refinance, But That Could Change
April 6, 2015 No Comments »

What a difference a year makes, at least when it comes to the potential size of the home refinance market. A new analysis from Black Knight Financial Services revealed that 7.1 million borrowers now stand to benefit from a mortgage ... Read More »

New Report Gives Little Reason to Worry About a Housing Bubble

New Report Gives Little Reason to Worry About a Housing Bubble
March 31, 2015 No Comments »

I discuss the risk of a housing bubble from time to time because let’s face it; it’s always going to be a concern in this day and age. Real estate has become extremely speculative, and with that comes quicker highs ... Read More »

Millennials Clueless About Closing Costs

Millennials Clueless About Closing Costs
March 26, 2015 1 Comment »

We already knew Millennials were selfish and bad savers, so it probably comes as no surprise that they don’t know the first thing about closing costs. They just seem to know that they want to buy a home, regardless of ... Read More »

Win $40,000 Toward Your Home Down Payment

Win $40,000 Toward Your Home Down Payment
March 24, 2015 No Comments »

Everyone knows one of the biggest hurdles to homeownership is coming up with the hefty down payment, especially with most zero down loan programs a thing of the past. This explains why the FHA and now Fannie and Freddie offer ... Read More »