What Does It Mean to Be House Poor?
If you’re an existing homeowner or an aspiring one, you may have heard the phrase “house poor,” typically uttered by an overextended borrower. It may… Read More »What Does It Mean to Be House Poor?
Mortgage Tips
This was the first category I created when this website was created in 2006.
And it’s really why I launched the site to begin with. To educate prospective home buyers and existing homeowners.
Simple guides and practical mortgage tips can help you better understand and prepare for the home loan process.
Same goes for answering mortgage questions and brushing up on the latest mortgage lingo.
Sometimes home buyers focus exclusively on the real estate piece while ignoring the home loan part.
This can result in some bad decisions when it comes to getting a mortgage. Or simply overpaying because of missteps (or a lack of shopping around!).
Learn how to get a mortgage, refinance an existing loan, and discover the many different loans programs available today.
You’re not financing a TV, or a car for that matter. It’s a big purchase and it deserves a lot more time and attention.
Arm yourself with knowledge early on and you’ll likely enjoy a better outcome.
Top FHA Lenders: Pennymac Is #1 Overall, But Is Biggest the Best?
If you’re in need of an FHA loan, you might be curious who the top FHA lenders are. By top, I mean largest. While biggest… Read More »Top FHA Lenders: Pennymac Is #1 Overall, But Is Biggest the Best?
Sometimes It’s Actually Better to Choose the Higher Mortgage Rate
With mortgage rates hovering around 5.5%, there might be the temptation to snag a 30-year fixed at say 4.875%, or 4.99% if a lender offers… Read More »Sometimes It’s Actually Better to Choose the Higher Mortgage Rate
7/1 ARM vs. 30-Year Fixed Mortgage: Pros, Cons, and How Much Cheaper Are They?
When shopping for a mortgage, it’s very important to pick a suitable loan product for your unique situation. Lately, I’ve been discussing loan programs beyond… Read More »7/1 ARM vs. 30-Year Fixed Mortgage: Pros, Cons, and How Much Cheaper Are They?
Is an Adjustable-Rate Mortgage a Good Short-Term Strategy Until Interest Rates Cool Off?
We know mortgage rates are projected to keep rising, so what’s a cost-effective solution if you need a home loan today? Well, one idea is… Read More »Is an Adjustable-Rate Mortgage a Good Short-Term Strategy Until Interest Rates Cool Off?
Have Mortgage Rates Peaked?
Two weeks ago, I wrote about how mortgage rates jumped, something just about everyone is aware of. But I also attempted to quantify the actual… Read More »Have Mortgage Rates Peaked?
Diamond Residential Mortgage Review: No Borrower Is Left Behind Thanks to Their Endless Menu of Loan Programs
Today we’ll check out “Diamond Residential Mortgage Corp.,” a Midwest mortgage lender that’s named after its founder, not the precious gem. The company is relatively… Read More »Diamond Residential Mortgage Review: No Borrower Is Left Behind Thanks to Their Endless Menu of Loan Programs
Is the Best Cure for High Mortgage Rates, High Mortgage Rates?
There’s an old adage in the commodities market that says, “the best cure for high prices is, high prices.” No, it’s not a typo. The… Read More »Is the Best Cure for High Mortgage Rates, High Mortgage Rates?
Sun West Mortgage Review: Near Instantaneous Underwriting to Get Your Home Loan Closed Fast
Not many mortgage companies have been around since the 1980s, but “Sun West Mortgage” has. However, that doesn’t mean they operate their business like a… Read More »Sun West Mortgage Review: Near Instantaneous Underwriting to Get Your Home Loan Closed Fast
What Is a Conventional Mortgage Loan?
Mortgage Q&A: “What is a conventional mortgage loan?” A “conventional loan” simply refers to any residential mortgage loan that is not insured or guaranteed by… Read More »What Is a Conventional Mortgage Loan?