Committing to a mortgage loan is a big decision – one that will impact the rest of your financial life. Before you sign on the dotted line, make sure to ask lots of questions. This will help ensure you end up with the best type of loan for your situation, that you aren’t surprised by […]...

Mortgage terminology can be confusing, so the thought of reverse mortgage is a particularly unusual concept. What does it mean? Who qualifies for it and what are the benefits? Learn the answers to these questions and more by clicking through for all the important details on this interesting financia...

Refinancing your mortgage is a great way to save on your monthly payment or lower your interest rate, but the process can seem intimidating. If you’d like to investigate how to gain these savings for yourself, read on for a how-to guide for mortgage refinancing. Image via Flickr/GotCredit Continue...

When it comes to mortgage loans, the longer the timeframe for pay-off, the lesser the monthly payment. For many years, 30 years was the maximum, but recently more lenders have been willing to offer 40-year loans. Are these loans smart to take on, though? Read on to learn the pros and cons. Image via...

Do you find yourself wanting to buy a home but fearing the mortgage application process? Don’t worry – it’s not actually as difficult to get a mortgage loan as many people believe. Get the facts on the application process, requirements and more by clicking the link below. Image via Flickr/Envo...

Make sure the sales contract on your new house or condominium includes a home inspection clause before you sign it. The inspection clause should clearly state that your final obligation to buy depends on the outcome of a professional home inspection. When it comes to the largest single investment yo...

Mortgage lenders have begun requiring home buyers to either make a 20 percent down payment or buy private mortgage insurance in the wake of the mortgage meltdown. Some mortgage lenders have reduced the required down payment in the last couple of years, and they will now accept mortgage loans with o...

Obviously, everyone should know exactly how much house they can actually afford to buy before they end up going online to shop or begin cruising neighborhoods scouting out the “For Sale” signs. Generally, you can expect to acquire a home loan that is roughly two and a half times your gross annu...

The median sale price for a home in New York City is $1.2 million. A key factor when deciding whether to buy or rent with incredibly high prices like these, is to know exactly how long you plan on staying in that home. SmartAsset calculated how long it would take to make buying a home […]...

For homeowners out there- old or new, finally paying off your mortgage is a dream come true. Having this huge financial burden lifted off your back will free up a lot of space in your monthly budget. Be sure to avoid a short-term mortgage as an easy way to keep you out of a financial […]...