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Home Loans

How Amortized Fixed Rate Loans Help Keep Your Final Mortgage Payment In Sight

MyBankTracker | Posted 07.26.2014 | Money
MyBankTracker

Amortization, the word, stems from the Latin "mort," meaning death. In real estate speak, it literally means to "kill a loan" over a defined period of...

3 Reasons Why Millennials Aren't Buying Homes

Bethy Hardeman | Posted 09.16.2014 | HuffPost Home
Bethy Hardeman

The American Dream of owning your own home is becoming more distant for many millennials. From 2006 to 2011, consumers between the ages of 25 and 34 experienced the largest decline in homeownership of any age group, according to Census Bureau data.

Reviewing 70 Years of the VA Mortgage Program

Chris Birk | Posted 08.11.2014 | Business
Chris Birk

Let's take a look back at how the VA mortgage program has helped millions of veterans over the past seven decades.

Send In the Clowns

D. Sidney Potter | Posted 08.03.2014 | Business
D. Sidney Potter

Since time memorial, man has been motivated by an easy buck and short skirts. The recent frenzy of mortgage lenders to repeat the mistakes of history may be upon us again, as some lenders are experiencing 'greed creep' all over again.

6 Things I Wish I Knew Before I Bought My First Home

Michael Corbett | Posted 06.16.2014 | HuffPost Home
Michael Corbett

As a general rule, it's wise to take 20 percent less than what the bank will lend you.

How I Paid $100,000 Off My Mortgage In Under 2 Years

LearnVest | Posted 05.11.2014 | Money
LearnVest

Six digits of debt are intimidating, especially when you're a single homeowner. But at 29 years old and just 15 months after buying my house, I've already paid $100,000 off my mortgage.. and I plan to pay the other $155,000 off before I turn 31.

New Rules Could Change Your Jumbo Mortgage Options

realtor.com | Posted 03.23.2014 | Money
realtor.com

Jumbo loans - high dollar loans typically starting at $417,000 in most areas or as high as $625,501 in higher-cost markets - will see a lot of changes in 2014.

When the Price of Rice in China Matters: U.S. Real Estate Predictions for 2014

D. Sidney Potter | Posted 03.05.2014 | Business
D. Sidney Potter

There is no shortfall for prognosticators when it comes to real estate predictions in 2014. Not everyone can be prophetic, but the following list is ...

7 Housing Trends for 2013

realtor.com | Posted 02.17.2014 | HuffPost Home
realtor.com

As 2013 comes to a close and real estate experts predict where the housing market is headed in 2014, a look back reveals several trends.

How Much Mortgage Can You Afford?

realtor.com | Posted 11.30.2013 | HuffPost Home
realtor.com

Remember that there are hundreds of loan programs available in today's lending market, and each has different guidelines. So, don't be discouraged if your dream home seems out of reach.

4 Things to Know Before Applying for FHA Loan

MyBankTracker | Posted 11.19.2013 | Business
MyBankTracker

A Federal Housing Administration loan, or FHA, is a great loan to have. The FHA provides insurance-backed mortgage loans through approved FHA-lenders.

Buying a Home? 10 Financial Things You Shouldn't Do

realtor.com | Posted 10.30.2013 | HuffPost Home
realtor.com

You've decided to buy a house, and you need financing. Even if you have good credit, you should keep your finances shipshape until closing so that lenders won't think twice.

Black Women = White Men When It Comes To Getting A Loan

Posted 08.13.2013 | Black Voices

Black borrowers have faced higher hurdles to getting loans, even before the Great Recession's infamous credit crunch. But one subsection of the commun...

5 Credit Mistakes That Brides Can Make

Jeanne Kelly | Posted 07.16.2013 | Business
Jeanne Kelly

What bride-to-be hasn't thought about a summer wedding? No matter when your wedding is, here are a few credit-related mistakes to avoid as you get married.

What JPMorgan Chase Really Means When It Complains about Regulation

Nathaniel Frank | Posted 06.26.2013 | Business
Nathaniel Frank

Bankers would have you believe they're not lending enough because of government constraints. In reality, they're not lending enough because they've grown dependent on government largesse.

Shahien Nasiripour

JPMorgan Chase, Wells Fargo Report Record Profits As Lending Remains Constrained

HuffingtonPost.com | Shahien Nasiripour | Posted 04.12.2013 | Business

BOSTON -- JPMorgan Chase and Wells Fargo, two of the biggest US banks by assets, kicked off Wall Street’s earnings season on Friday by reporting rec...

VA Loan Program Passes 20 Million Mark

Chris Birk | Posted 02.12.2013 | Business
Chris Birk

Congress created the VA loan program in 1944 as part of the massive GI Bill. The government basically insures a portion of each loan, and that security help spur the country's post-war housing boom. Today, VA loans are more popular than ever.

The Hidden High Cost of Strategic Default

Credit.com | Posted 02.02.2013 | Money
Credit.com

By Mitchell D. Weiss If you're one of the 28% of U.S. homeowners with a mortgage that's higher than your house is currently worth, is it time to toss...

Appraise This: Hitting the Number Can Be a Challenge

Ron Gitter | Posted 12.23.2012 | New York
Ron Gitter

As sales metrics improve month by month, economists seem to agree that residential real estate is awakening from its 36-month slumber. That being said, buyers and sellers are well advised to accept the uncertainties of the market and compromise.

Liar's Loans

Jonathan Greenspan | Posted 09.19.2012 | Business
Jonathan Greenspan

A great lie is repeated as the cause of our current economic crisis, and it prevents us from dealing with reality.

The Most Costly Mortgage Mistake

Doug Lebda | Posted 11.12.2012 | Money
Doug Lebda

Deciding on a mortgage is likely the most important financial decision consumers will ever make, yet borrowers are more often than not taking the first loan offer that comes their way, failing to fully capitalize on low rates by comparison shopping.

Why You Shouldn't Pay Down Your Mortgage Faster

AP | JONATHAN FAHEY | Posted 08.30.2012 | Money

-- The impulse to pay off your mortgage more quickly than you need to is understandable, especially these days. Interest rates are near historic low...

What You Should Know About Personal Loans

Credit.com | Posted 10.22.2012 | Money
Credit.com

One option you may be considering is a personal loan, which can be used in a variety of different ways -- to help with a small business, finance a home renovation, consolidate debt or even pay for a wedding or vacation.

The Program That's Getting Veterans Into Homes

Credit.com | Posted 10.14.2012 | Money
Credit.com

To be sure, VA loans aren't the best fit for every military borrower. Veterans with sterling credit and enough cash to cover a healthy down payment might want to seek conventional financing. But that's far from the norm for most service members and their families.

How to Find the Perfect Mortgage for You

Credit.com | Posted 09.25.2012 | Money
Credit.com

To land a sweet deal, you're going to have to find it. Here's how.