Simple guides and tips to help you better understand and prepare for the home loan process. Learn how to get a mortgage, how to refinance, and more about the many different loans programs available.
Mortgage Q&A: “What is lender-paid mortgage insurance?” Several years back, a rule went into effect that made mortgage insurance permanent on most FHA loans for… Read More »What Is Lender-Paid Mortgage Insurance? First Of All, You Still Pay For It
A while back, I cautioned readers to avoid swiping the credit card before applying for a mortgage. In short, the more you charge, the higher… Read More »Two Simple Ways to Boost Your Credit Score Before Applying for a Mortgage
Over the past year, mortgage rates have been relatively steady near their all-time lows. This has continued to benefit existing homeowners who wish to refinance… Read More »6 Ways to Snag a Low Mortgage Rate Even If They Suddenly Jump Higher
In the mortgage/real estate world there’s a saying: “Drive until you qualify.” It’s a cute way of saying if you can’t afford a home in… Read More »Should You Drive Until You Qualify for a Mortgage?
It’s time for another edition of mortgage match-ups: “FHA vs. conventional loan.” Our latest bout pits FHA loans against conventional loans, both of which are… Read More »FHA vs. Conventional Loan: These Charts Can Help You Determine Which Is Cheaper
Conventional wisdom would lead us to believe that consumers go with the mortgage lender that offers the lowest interest rate. After all, who can resist… Read More »Borrowers Don’t Choose Mortgage Lenders for the Best Interest Rate
These days, the world is full of misinformation. Let’s put some common mortgage myths to bed once and for all so you don’t inadvertently miss… Read More »10 Big Mortgage Myths Proved Wrong, Once and For All
Here’s an interesting question: “What mortgage has the best interest rate?” Before we dive in, “best” questions are always a bit difficult to answer universally… Read More »What Mortgage Has the Best Interest Rate and Why?
Time for more mortgage Q&A: “Are mortgage calculators accurate?” Just about anyone looking to buy real estate or apply for a mortgage refinance will rely… Read More »Are Mortgage Calculators Accurate? Why Some Totally Miss the Mark
A working paper from the National Bureau of Economic Research revealed that it might be best to apply for a mortgage when no one else… Read More »Why It’s Best to Apply for a Mortgage When Things Are Slow
