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 Refinance

Mortgage match-ups: “Cash-out refinance vs. rate and term refinance.” It’s time for another installment of mortgage match-up, though this installment is more about distinction than ...

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 core issues ...

Latest Posts

2018 FHA Loan Limit Floor Increased to $294,515

2018 FHA Loan Limit Floor Increased to $294,515
December 7, 2017 No Comments »

Just like the 2018 conforming loan limits, the FHA will see its 2018 loan limits increase as well, which is welcome news for home buyers in more expensive areas of the country. For FHA case numbers assigned on or after ... Read More »

Guaranteed Rate Brings Back Same Day Mortgage Underwriting

Guaranteed Rate Brings Back Same Day Mortgage Underwriting
December 4, 2017 No Comments »

Back in the good old days, pre-mortgage crisis, you could get a fully underwritten mortgage approval the same day. In fact, you could get approved for a mortgage by the early afternoon if you submitted a complete loan package that ... Read More »

Can You Pay the Mortgage with Bitcoin?

Can You Pay the Mortgage with Bitcoin?
November 30, 2017 No Comments »

Mortgage Q&A: “Can you pay the mortgage with bitcoin?” First off, I apologize for writing an article about bitcoin. I know it’s all the rage right now and I’m just adding to the hype, but it’s newfound relevancy warrants this ... Read More »

New Program Allows Renters to Get a Mortgage with as Little as a Security Deposit

New Program Allows Renters to Get a Mortgage with as Little as a Security Deposit
November 29, 2017 No Comments »

Home Partners of America and New Penn Financial have joined forces to offer renters the ability to get a mortgage with as little as their security deposit. The joint venture aims to alleviate one of the main obstacles to owning ... Read More »

2018 Conforming Loan Limit Jumps to $453,100

2018 Conforming Loan Limit Jumps to $453,100
November 28, 2017 No Comments »

It’s that time of year again, when the FHFA announces the conforming loan limit for the upcoming year. And like last year, it’s going up! This marks just the second increase in the past decade thanks to that pesky housing ... Read More »

Quicken Loans Offering Cyber Monday Mortgage Deal

Quicken Loans Offering Cyber Monday Mortgage Deal
November 27, 2017 No Comments »

I was curious if any mortgage lenders were getting in on the Black Friday and Cyber Monday deals, and it turns out at least one is. Unsurprisingly, it’s Quicken Loans, one of the largest retail mortgage lenders out there. I ... Read More »

Are Mortgages Simple Interest and Compounded Monthly?

Are Mortgages Simple Interest and Compounded Monthly?
November 21, 2017 No Comments »

People seem to be fascinated with how mortgages are calculated and paid off, but when it comes down to it, there’s nothing too mind-blowing happening. Each month, a portion of principal and interest are paid off as mortgage payments are ... Read More »

Flagstar Offering Zero Down Mortgages to Michigan Home Buyers

Flagstar Offering Zero Down Mortgages to Michigan Home Buyers
November 13, 2017 No Comments »

Flagstar Bank is the latest mortgage lender to offer a home loan with zero down payment requirement. They even go a step further by offering to pay the borrower’s closing costs too. Sounds pretty sweet, doesn’t it? Unfortunately, the new ... Read More »

21 Mortgage Questions That Are Commonly Asked, Answered

21 Mortgage Questions That Are Commonly Asked, Answered
November 8, 2017 No Comments »

I thought it would be helpful to create a post that answers a lot of common mortgage questions in one convenient place. So without further ado, let’s get started. 1. What will my mortgage rate be? Let’s start with what ... Read More »

Capital One to Stop Offering Mortgages

Capital One to Stop Offering Mortgages
November 8, 2017 No Comments »

It’s feeling a little like 2007 today. Back then, I was writing posts like this on a daily basis. Capital One has announced that it is exiting the mortgage business, seemingly surprising given the current real estate climate that is ... Read More »