Federal and state laws govern mortgage regulations about late mortgage payments. The Federal Trade Commission (FTC), Housing and Urban Development (HUD) and Federal Deposit Insurance Corporation (FDIC) enforce them nationally. Read about consumer protections regarding late mortgage payments.
Learn the procedures of financing your home, calculating your mortgage payments, refinancing and more. Find out what you can afford, home loans, insurance, equity, how to pay your mortgage off early and more! Buying your own home can be very exciting, yet stressful. Take off some of the stress of buying a home by learning how your mortgage works, tips on saving money and budgeting your payments.
Many struggling homeowners and those who owe more than their homes are worth may be wondering about the consequences for not paying mortgage payments. Find out here.
Mortgage points are a part of every mortgage. Knowing what kinds of points there are and what each of them means to your loan will make a big difference when you are shopping for the best deal. Keep reading to find out the answer to the “what are mortgage points?” question.
Knowing what mortgage lenders are looking for can help buyers prepare prior to the application process. Find out what parts of your financial life will be under the microscope.
Have you ever wondered what the big deal is about a bi-weekly mortgage payment? If so, read on to find out more about the advantages and disadvantages to having a bi-weekly mortgage payment.
Like any underwriter, mortgage underwriters are the financial institutions from whom potential property buyers borrow. In mortgage cases, the underwriter may be a bank, mortgage lender, or other lending institution.
Among a variety of calculations made by mortgage lenders, the loan to value ratio is an important indicator of risk and return.
If you don’t want to get your own mortgage or it doesn’t seem likely for you, you may be able to find one that you can assume. Read on to find out more about how to assume a mortgage.
If you’re in an upside down home mortgage, chances are you’re probably in a bit of a panic. Don’t worry, because things will get better, but in the mean time, read on to find out some ways to get out of an upside down home mortgage.
How do you get a home loan after bankruptcy? Patience, better financial decision making, and showing that you have turned your finances around are good ways to impress lenders.
Knowing what to ask about a mortgage will speed up your application process and give you a much deeper understanding of the loan offers you receive. Asking questions about a mortgage can also potentially save you thousands of dollars, allowing you to accurately compare loan quotes.