5 Mortgage Tips for People With Bad Credit

Here are some tips to help you get approved for a mortgage loan with bad credit.

Pros and Cons of Zero Down Home Loans

Here is a discussion on the pros and cons of a zero down home loan.

Stop Throwing Money Away On Unnecessary Mortgage Interest

Homeowners in the United States will overpay $16 billion dollars for their mortgage loans in 2007. According to the Department of Housing and Urban Development you are already paying your share. Here are several tips to help you avoid paying too much to your lender in unnecessary mortgage interest.

Downsides Of Mortgages You Never Hear About

Negative aspects of mortgages.

Understanding Mortgage Servicers

The mortgage industry may seem simple on its face, but it is actually fairly complex. In this article, we discuss the ubiquitous mortgage servicer.

Mortgage Refinancing – What is Yield Spread Premium?

Yield Spread Premium is the part of your mortgage interest rate that was marked up when your loan representative locks and closes on your mortgage. Your loan representative does this to boost their commission at your expense. Here are the basics of Yield Spread Premium and how you can avoid paying too much when refinancing your mortgage.

Home Mortgage Loans for People That Are Self-Employed

Here are some tips to help borrowers who are self-employed qualify for a loan. For self-employed borrowers getting a mortgage can be challenging. Although it is generally harder to prove your income, it does not have to be a nightmare. There are, in fact, several ways for you to qualify for a mortgage. Below are the three most common ones:

Should You Go With Seller Financing?

When it comes to financing a home, the options are surprisingly large. In this article, we take a look at whether you should consider going with seller financing.

Consumers To Target Mortgage Lenders Over Fees

Mortgage lenders will be the target of the next consumer campaign over the issue of unfair charges, according to the Independent. The prediction comes as lenders have until the end of the month to reduce mortgage exit fees or be in a position to justify why fees should be fairly raised mid-term.

Pros and Cons of No-Documentation Mortgage Loans

Here are some of the pros and cons of a stated income or no doc home loan. In today's marketplace, there are many borrowers who do not fit the traditional mold, especially in terms of their employment, i.e. commission salespeople, self-employed earners, investors, etc. Understanding this fact, the mortgage industry has adapted by creating programs known as no-documentation loans where borrowers qualify on the basis of their credit history without the need to document income and assets. Below are some pros and cons to think about if you fall into this category...

Home Loans For People With Low Credit Scores

Here is some information on getting a home loan with a low credit score. The good news for people with low credit scores is that more sub prime loans are being approved by lenders. In 1994 less than 5% of mortgages were sub prime. In 2005, the number of sub prime mortgages was up to 20%. While lenders are making home financing more readably available, the government ...

Mortgage Contracts Could Be Cheaper for Consumers

The two leading mortgage giants in the industry are teaming up to propose a new way to conduct mortgage contracts through less paperwork, which could ultimately save consumers over $1 billion.

Those With Bad Credit May Find It Harder to Get a Mortgage Now

The housing market is never stagnant; it is constantly changing and evolving. As the housing market continues to stall, and in other bad news, more and more mortgages begin to default, we begin to see changes in the infrastructure of how things operate.

7 Telltale Signs of a Predatory Mortgage

Discover how to identify a sub-prime mortgage from a predatory loan. Thousands of homeowners have no idea that they are victims of predatory lending practices. In recent news, the growing number of foreclosures and home loan defaults is exposing the predatory tactics of various lenders in the mortgage industry. Often touted as creative lending products...

Your Mortgage Interest Is Robbing You Of Your Retirement - Your 6% Loan May Be Costing You 102%

Did you know that on your typical 30-year mortgage, it takes approximately 21 years just to pay down less than half of the principal of your loan? The Mortgage industry's big secret has been kept away from the public since the Roosevelt administration. This little known secret has been taking you (and every other homeowner) for a very costly ride. Your 6% LOW INTEREST MORTGAGE IS REALLY costing you upwards of 60% or more!