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

Millennials Clueless About Closing Costs

Millennials Clueless About Closing Costs
March 26, 2015 No Comments »

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 »

Home Buyers Put an Average of $32,141 Down Last Year

Home Buyers Put an Average of $32,141 Down Last Year
March 19, 2015 No Comments »

In 2014, the average home buyer put down $32,141 when purchasing a property, according to a new analysis of county-level data by RealtyTrac. The company said the average down payment was 14% of the purchase price across 386 counties, though ... Read More »

Mortgage Rate Roller Coaster Could Be Heading Downhill Again

Mortgage Rate Roller Coaster Could Be Heading Downhill Again
March 18, 2015 No Comments »

It’s been a wild year for mortgage rates so far, even though it’s only mid-March. Rates started 2015 on a bit of a tear that carried over from 2014, with the 30-year fixed dropping from around 4% in late December ... Read More »

Consumer Reports Bashes Mortgage Brokers, Receives Backlash

Consumer Reports Bashes Mortgage Brokers, Receives Backlash
March 18, 2015 3 Comments »

The latest issue of Consumer Reports magazine recommends that consumers avoid mortgage brokers when seeking home loan financing. As a result, the publication, which prides itself on neutrality and fairness, just angered a very large group of mortgage industry workers. ... Read More »

An Open House Got Shut Down by the Cops

An Open House Got Shut Down by the Cops
March 16, 2015 No Comments »

The real estate market is starting to get really, really weird. Recently, an open house was actually shut down by the police after more than 100 people showed up in just 45 minutes, according to a recent article by CNBC. ... Read More »

Mortgage Lender Launches Six-Year ARM

Mortgage Lender Launches Six-Year ARM
March 9, 2015 No Comments »

File this one under PR department. Or perhaps publicity stunt. Last week, First Savings Mortgage Corporation based out of McLean, Virginia launched a 6/1 adjustable-rate mortgage. While this might not sound very special, it is somewhat unique in the mortgage ... Read More »

Surprise: 2015 Might Be a Stellar Year for Housing

Surprise: 2015 Might Be a Stellar Year for Housing
March 6, 2015 1 Comment »

There’s been a lot of doom and gloom lately, with some housing pundits claiming we’re on the brink of another crisis and others fretting over collapsing home prices. Of course, many of these forecasts are self-serving. And while this type ... Read More »

Chase to Pay Out More Than $50 Million in Robosigning Settlement

Chase to Pay Out More Than $50 Million in Robosigning Settlement
March 6, 2015 No Comments »

If you are one of the more than 25,000 homeowners who is/was going through bankruptcy and have/had a mortgage with Chase, you might be owed some compensation. Earlier this week, the megabank reached a deal with the Department of Justice’s ... Read More »

Mortgage Rates Can Move Very Quickly

Mortgage Rates Can Move Very Quickly
March 3, 2015 No Comments »

If the past six weeks has taught us anything, it’s that mortgage rates can and will move very quickly. And often in the wrong direction…yep, up, not down. The same goes with gas prices, which were actually below $2 a ... Read More »