Category: Mortgages
Using a mortgage broker vs. comparing lenders yourself
Written by: Heather Petty
With so many mortgage products on the market, it can be difficult to find the mortgage that’s just right for you. This is especially true if …
8 creative ways to buy property when mortgage rates are high
Written by: G. Brian Davis
High interest rates and a nationwide housing shortage make for a tough combination for homebuyers and investors alike. So, what creative financing options do you have …
Mortgage rates dip even as refinancing demands spike
Written by: James Flippin
Sales Keep Sliding In November, existing home sales fell for the 10th straight month. This added to an already record-long streak, with higher mortgage rates …
Considering a reverse mortgage? Read this first
Written by: Denny Ceizyk
A reverse mortgage allows homeowners age 62 or older to tap equity without making a mortgage payment on the amount they borrow. However, the most popular …
This data on mortgage rates & home prices will make your head spin
Written by: Nathan Paulus
Mortgage interest rates are the percentage of your loan amount that you will pay in interest each year. In the U.S., mortgage rates are steadily …
Refinance boom dies down as mortgage rates soar
Written by: Felix Richter
For large parts of the past two years, mortgage refinancing has been booming, as historically low mortgage rates and surging home prices created an opportunity …
The most equity-rich homeowners in America live here
Written by: Anna Fleck
Nearly half of U.S. mortgage payers own at least 50 percent equity, according to ATTOM’s Q2 2022 Home Equity & Underwater Report. This means that the balance of …
Inflation could mean your house is underinsured. Here’s why
Written by: Pat Howard
With home construction costs continuing to soar due to issues with the supply chain, labor shortages, and worsening natural disasters, many homeowners could be left underinsured. …
Why homeowners in this state are facing an insurance crisis
Written by: Brian Boucher
Florida has generated reams of feverish headlines lately for controversies about the teaching of sex and gender issues in public schools, and whether the Disney …
Why you shouldn’t try to pay off your mortgage too quickly
Written by: Opher Ganel
You’ve seen them. Over and over and over again, so-called personal finance gurus railing against debt. But as I pointed out before, they’re dead wrong (in …
4 genius ways to cut your mortgage costs, even as inflation soars
Written by: Lisa Rabasca Roepe
As mortgage interest rates edge toward 5% and higher, expect to see fewer refinances compared with the last two years. “Mortgage refinances surged in the last two …
Can you really pay off a mortgage in just 5 years?
Written by: Jamie Cattanach
Paying off your mortgage ahead of time might sound like an incredibly savvy thing to do, and in some cases, it is. But it’s not …
Why aren’t more homebuyers comparing mortgage rates
Written by: Denny Ceizyk
Can you be sure you snagged the lowest mortgage rate possible if you didn’t compare offers from different lenders? For many American homeowners surveyed by …
Mortgage rates are at a 13-year high. Here’s why
Written by: Felix Richter
Mortgage rates in the United States continued their steep climb last week, adding to the woes of would-be home buyers that are already facing historically high …
Are we in another housing market bubble? Will it burst again?
Written by: Myles Ma
The housing market is out of control in many areas of the country, with record-high home prices and record-low inventories. Prices had been steadily increasing since 2012, …
States where mortgage rates are rising most
Written by: Jacob Channel
Since the start of the year, mortgage rates have risen dramatically. The record-low rates of 2021 are gone, with rates above 5% becoming standard. While a lower rate …
Is paying mortgage points ever a good idea?
Written by: Laura Adams
If you’re shopping for a home mortgage, you’ve probably seen the term “mortgage points.” Before you take the next step to sign a mortgage preapproval or …
Should you take a loan for mortgage closing costs?
Written by: Sulaiman Abdur-Rahman
Borrowers with good credit may get a personal loan for mortgage closing costs. Bringing personal loan money to the closing table can help you finalize your …
Don’t pay off your mortgage early. Here’s why
Written by: Max Marvelous
Paying off your mortgage has been a monumental goal for decades now. But is it the right thing to do in the 21st century? Read on …
7 big mortgage mistakes (and how to avoid them)
Written by: Opher Ganel
Although mortgage interest rates have recently pulled back some, they’re still historically low. When rates were lower yet, I decided to refinance the mortgage on our home. …
9 mortgage scams you need to know about
Written by: Sheryl Nance-Nash
What is mortgage fraud? Mortgage fraud refers to lying or omitting information to fund or insure a mortgage loan. It results in billions of dollars in …
Thinking about getting a reverse mortgage? Read this first
Written by: Jamie Cattanach
If you’re at or nearing retirement age and looking for a way to generate cash flow, a reverse mortgage can seem like a great idea, especially …
18 questions you need to ask before closing a mortgage
Written by: Alene Laney
Hiring a knowledgeable mortgage lender is one of the first steps you’ll take on your journey to homeownership. A good lender could help you make a …
Want a mortgage approval? Avoid these 7 mistakes
Written by: Marjolein
How much house can I afford? That is a question many home-buyers ask themselves when they are in the process of buying a new home. Purchasing a home is …
What is a fixed-rate loan?
Written by: Sulaiman Abdur-Rahman
A fixed-rate loan is a lending product that allows eligible consumers or businesses to borrow money with an interest rate that does not change over the …
Your home insurance is about to get more expensive
Written by: Kara McGInley
Homeowners may see an increase in their home insurance premiums in the coming year, according to a white paper released by the American Property Casualty Insurance Association. The spike …
Mortgage interest deductions explained
Written by: Sheryl Nance-Nash
Homeownership has long been a part of the American dream, and it opens the door to benefits like the mortgage interest deduction for those who …
These cities saw the biggest rise in home prices this year
Written by: Emily Leff
It’s never easy buying a house, and in certain cities, real estate is coming at an increasingly higher cost, now more than ever. Following the onset …
Why most people don’t get mortgages from banks anymore
Written by: Brian Acton
The housing market is continuing its hot streak with mortgage applications surging into the holiday season, a time when demand typically cools off. Getting approved for a …
What is a second mortgage?
Written by: Krystal Etienne
If you’re a homeowner, your house is not only the place you call home but also an asset. In fact, it’s the largest asset of …
