All Articles About Mortgage Basics

How to Negotiate a Deed in Lieu of Foreclosure What is a Balloon Mortgage Loan? Reasoning behind the 80-10-10 Mortgage What to Know About Mortgage Life Insurance Is Title Insurance Really Necessary? What is the Loan Assumption Addendum? 3 Hazards with Taking out a Reverse Mortgage How Much Should a Down Payment for a Mortgage Be? What is a Loan Origination Fee? Small Business Accounting: How to Calculate an Amortization Schedule Options for a Seller Financing Addendum What Is the Seller Financing Addendum? Hypothecation: The Naked Title Hypothecation: Reconveyance and Power-of-Sale Hypothecation: The Prepayment and Acceleration Clause Hypothecation: The Promissory Note and the Mortgage Hypothecation Title Theory: Setting the Terms Hypothecation: The Trust Deed Hypothecation: Title Theory vs Lien Theory Hypothecation Title Theory: The Parties Involved The Mortgage Hypothecation Process Your Options for Bad Credit Second Mortgages 2 Options for Choosing a Second Mortgage Reverse Mortgages: Fannie Mae Home Keeper Loans Hypothecation Explained Discount Points 4 Reasons a 30 Year Fixed Rate Mortgage Is the Way to Go Pay Off Your 15 Year Mortgage Early Paying Off Your 30 Year Mortgage Loan in 15 How Does a 15 Year Balloon Mortgage Work? When Your Mortgage Lender is in Bankruptcy: Now What? Can you refinance your mortgage in a bankruptcy? 2 Tips for Paying Off Your Mortgage Early A Mortgage in Bankruptcy: The Basics Why 40 Year Mortgages Are Rotten Deals How long can you stay in your home after filing for Chapter 7 bankruptcy? Manufactured Home Loans Explained Down Payment Help for First-Time Home Buyers Understanding REMIC (Real Estate Mortgage Investment Conduit) Can you walk away from your mortgage if it's listed in bankruptcy? Can a second mortgage be eliminated in bankruptcy? Can you file for bankruptcy after getting a mortgage loan modification? Reasons You Shouldn't Buy a House with Bad Credit Exploring Your Alternatives to Foreclosure Qualifications for Mobile Home Loans Person-to-Person Loans: A Growing New Trend USDA Home Loans: Eligibility and Guidelines Are Low Doc Home Loans Right for You? What Are USDA Home Loans? Minimum Down Payment What Is a Purchase-Money Mortgage? What Is a No-Ratio Mortgage? Definition of a Master Mortgage Income Property Mortgage Definition Defeasance Clause Definition What Is an Assumable Mortgage? Definition of an Air Loan What is an ADV Form? Pros and Cons of a 125 Percent Loan Definition of a 100 Percent Mortgage Overview of Ginnie Mae (Government National Mortgage Association) Benefits and Risks of Ginnie Mae Bonds Upfront Mortgage Brokers The Secondary Mortgage Market Calculating a Mortgage Constant 4 Warning Signs of Financial Advisor Fraud What is a Dollar Roll? What Services Does a Mortgage Correspondent Provide? What Is Strict Foreclosure? Super Jumbo Mortgage Risks 3 Tips for Effectively Repaying Your Reverse Mortgage What Is a Mortgage Correspondent? Identifying Mortgage Risk Overview of LIHEAP (Low Income Home Energy Assistance Program) What Is a Teaser Rate? What is an FHA Partial Claim? What Is the Role of a Mortgage Banker? What is a Tracker Mortgage? What Is a Deficiency Judgement? Understanding Judicial Foreclosure The Basics of a Participation Mortgage Seller Carryback Financing Explained How Does an Interest Only ARM Work? Junk Fees Understanding Mortgage Equity Withdrawal Pros and Cons of REMICs (Real Estate Mortgage Investment Conduit) Overview of Mortgage Discrimination When to Take Out an Offset Mortgage What is a Mortgage Contingency Clause? Lifetime Mortgages Explained Pros and Cons of Cashback Mortgages The Benefits of Mortgage Forbearance Explanation of Australian Mortgages The Basics of an Alt-A Mortgage What is Collateralized Mortgage Obligation? 3 Risks Involved with Alt-A Mortgages The Basics of a Location Efficient Mortgage Applying for a Partial Release of Mortgage 4 Tips to Avoid a Mortgage Relief Scam FHA Partial Claim Requirements How to Get a Home Loan with High Student Debt Do You Qualify for the Home Affordable Modification Program (HAMP)? Types of Equity Release Schemes Benefits and Risks of Equity Release What is a Repayment Mortgage? 4 Types of Mortgage Fraud Overview of FERA? (Fraud Enforcement and Recovery Act) What is an Offset Mortgage? Overview of a Flexible Mortgage Pros and Cons of an Endowment Mortgage What is a Self Certification Mortgage? The Basics of the Hope Now Alliance What is a Chattel Mortgage? What's the Difference Between a Biweekly Mortgage and a Bimonthly Morgtgage? What are the Requirments for HAFA? (Home Affordable Foreclosure Alternatives Program) Overview of the Home Affordable Foreclosure Alternatives Program (HAFA) Do You Qualify for a Right to Buy Mortgage? The Basics of the Home Mortgage Disclosure Act (HMDA)? Overview of a Cram Down Know Your Mortgaging Servicing Rights What Is a Foreign National Mortgage? Pros and Cons of a Bimonthly Mortgage Plan Finding a Second Mortgage Buyer for a Balloon Loan Buy to Let Mortgages Explained Benefits and Risks of Second Mortgages What is a Mortgage Loan Officer? Understanding the Difference between Mortgage Bankers and Mortgage Brokers The Basics of Lenders Mortgage Insurance The Mortgage Loan Closing Process Understanding Mortgage Loan Closing Costs What is a Combo Loan? Benefits and Risks of a Graduated Payment Mortgage What Do Mortgage Loan Processors Do? Benefits and Risks to Graduated Payment Mortgage (GPM) Loans How to Find a Good Mortgage Correspondent Lender How to Fill out Form 1003 How to File a Second Mortgage Application Mortgage Terms: The 1003 Form How an Adjustable Rate Mortgage Interest Is Determined Know the Impact of Your No Cash-Out Refinance What is a No-Cost Mortgage? No-Cost Mortgage vs No-Cash Mortgage: Don't Confuse Them The Cash-Out Refinance What is a No-Fee Mortgage? Do You Need Co-op Insurance? Is a Low-Down Mortgage Right for You? The Impact of Your Credit Rating on a Mortgage The Simple-Interest Mortgage The Pros and Cons of a Closed-End Mortgage 2/28 Adjustable Rate Mortgage: What are the Risks? The All-in-One Mortgage When to Choose a No Ratio Mortgage Why to Consider a Growing-Equity Mortgage How Does a Purchase-Money Mortgage Work? Go For a Bimonthly Mortgage if You Can Get One Using Like-Kind Property When Selling Your Home Save a Little at a Time with a Biweekly Mortgage How Does a 2-1 Buydown Work? The Vendor Take-Back Mortgage What is Equity Stripping? What Are Qualifying Ratios? How Does Owner Financing Work? Bad Credit Mortgage Loans: Improving Your Chances 3 Instances when a Bad-Credit Mortgage Loan Makes Sense How to Deal with Your Bad Credit Mortgage Loan Lender Understanding Reverse Mortgage Government Safeguards Refinancing a Second Mortgage Guide to Assuming a Loan The Mortgage Due on Sale Clause Fixed Mortgage Down Payment Guidelines Reverse Mortgages: Understanding the Acceleration Clause How to Find Mortgage Loans that Need Less Paperwork When Should You Go for a Wrap-around Mortgage? Mortgage Applications: How to Document Income and Assets 4 Reasons to Keep the Home during a Divorce What Is a Mortgage Recast? What Terms Can You Expect for Subprime Mortgages? Good Credit Mortgages: Assessing Your Loan Options Reverse Mortgages: Jumbo Cash Accounts Reverse Mortgages: The Standard Home Equity Conversion Mortgage Your Adjustable-Rate Mortgage Options 4 Downsides of Taking out a Second Mortgage Pros and Cons of Going with a Mortgage Correspondent Fixed-Rate Mortgage: Short Term vs Prepaying How to Find a Second Mortgage Lender Mortgages: How to Get Approved with a High Debt Ratio How Have Online Mortgages Changed the Mortgage Industry? 3 Frequent Errors when Taking Reverse Mortgages 3 Kinds of Niche Mortgage Loans 3 Reasons to Finance as the Seller Three Mortgage-Related Actions that Affect Your Credit Can You Afford a Mortgage Divorce Buyout? Mortgage Divorce Buyout: Working out a Buyout Agreement 3 Questions to Ask a Mortgage Loan Officer Fixed-Rate Mortgage Payment Plans 3 Variables in Choosing a Fixed-Rate Mortgage Three Common Second Mortgage Mistakes 3 Reasons to Get a Second Mortgage Comparing a Second Mortgage to a Home-Equity Loan When is a Reverse Mortgage Not a Good Idea? Mortgage Loans: When to Get a Hybrid Loan? Understanding the Impact of a Reverse Mortgage on Inheritance 3 Steps to Getting a Reverse Mortgage What Is a Divorce Buyout Mortgage? Seller Financing Tips for Rates, Terms, and Cash Down Seller Financing: 3 Tips to a Smooth Deal The Hazards of Seller Financing Understanding Mortgage Modification Good Credit Mortgages: Negotiating Loan Terms Predatory Lending Practices for Subprime Mortgages Get a Subprime Mortgage or Wait Until Your Credit Improves? Understanding Prepayment Penalties on Subprime Loans Understanding Subprime Second Mortgages Eligibility Requirements for a Reverse Mortgage Should You Prepay Your Mortgage? Applying for a Mortgage: Online vs in Person Comparing a Second Mortgage to a 401k Loan Mortgage Loans: Pre-qualification vs. Pre-approval Mortgage Loans: Obtaining Seller Financing 3 Tips for Buying Out a Mortgage from Your Spouse Outlining the Mortgage Divorce Buyout Process Dividing a Home during Divorce Divorce and Mortgage Explained What Is a Rehabilitation Loan? Top 3 Home Buying Mistakes to Avoid What is an Acceleration Clause? What is the Break Even Point? Comparing Land Equity Loans and Home Equity Loans 4 Home Improvement Financing Options to Consider Stated Income Loans Explained Stated Income Loan Qualifications and Requirements Explained 4 Tips for Getting Mortgage Loan Approval during a Slow Economy Why Using a Personal Loan as a Down Payment for a Mortgage is a Bad Idea 3 Reasons to Avoid Short Sales What is a Wholesale Mortgage Loan? 4 Ways Subprime Loan Lenders Take Advantage of Borrowers The Dangers of Fraud with Stated Income Loans 3 Short Sale Mistakes to Avoid 3 Consequences of Mortgage Delinquency How Mortgage Delinquency Affects Your Credit Report Is it Possible to Reinstate a Mortgage in Default? 4 Questions to Ask a Loan Modification Attorney What Does Loan Maturity Mean? 3 Types of Land Loan Collateral Lenders will Accept How to Qualify for a Home Improvement Loan with No Equity Comparing the Pluses and Minuses of Hard Money Loans What is a Closed-End Loan? 80/20 Loans Explained Wrap Around Mortgages Explained How Revolving Credit Balances Affect Your Mortgage Application Can Rental History Affect Your Mortgage Application? 3 Tips to Avoid Predatory Lending Comparing Non-Recourse Loans and Recourse Loans Non-Judicial Foreclosure Explained The Risks of No Income Verification Mortgage Loan What is a Mortgage Reinstatement Period? What Happens if You Skip a Mortgage Payment? Comparing the Benefits and Pitfalls of Low Income Home Loans What is a Loan Prepayment Penalty? The Difference between Loan Pre-Qualification and Pre-Approval Loan Modification: 3 Ways to Increase Your Chances What is Loan Amortization? What is a Hybrid Loan? 5 Tips for Writing a Financial Hardship Letter What Happens to Home Equity during a Foreclosure? What is a Deed in Lieu of Foreclosure? How No Doc Mortgage Loans Can Benefit the Self-Employed How to Negotiate Interest Only Mortgage Rates How to Estimate Selling Closing Costs A Breakdown of Allowable HUD Closing Costs How to Get the Best Mortgage Broker Help How do Lenders Give the Self-Employed a Mortgage? 3 Steps to Stimulus Mortgage Help 3 Sources of Funding for Mortgage Debt Consolidation Fixed Mortgage Rate Scams: Don't Be Fooled Commercial Mortgage Rate; Estimates For Your Business Do The Largest Mortgage Lenders Offer The Best Rates? Jumbo Mortgage Lenders: Requirements You Need to Know 3 Resources for Finding Private Mortgage Lenders Today's Mortgage Rates: Will They Get Better? Getting The Low Mortgage Rate You Need Finding The Best Second Mortgage Rates Finding An Affordable Mortgage Rate The Disadvantages Of No Credit History Mortgage Residential Mortgage Lenders: What Factors Affect Good Location? 30 Year Mortgage Rates: Fixed Or Variable? Home Loan Mortgage Lender: Key Indications He's/She's Qualified Mortgages For People With Bad Credit History Understanding The Home Mortgage Lenders' Process Refinance Mortgage Lenders: Their Perspective On Your Application What Is A Real Estate Mortgage Lender Note? Land Mortgage Lenders: Real Estate In The Medium Term Bank Mortgage Rates: How Your Loan Is Affected The Best Mortgage Rate For First Time Buyers Jumbo Mortgage Rates: When It's Time To Refinance General Mortgage