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Should You Use a Mortgage Broker or a Bank Loan Officer?

Shopping for a mortgage can be intimidating. There are thousands of mortgage lenders and hundreds of ways lenders can tweak home loans to distort their real costs. You’re also facing the excitement of buying a new home and you may feel vulnerable as l … [Read more...]

FHA Mortgage Loans: A Good Idea for First-Time Buyers?

FHA mortgage loans are mortgages that are guaranteed by the U.S. Government's Federal Housing Administration. Thanks to this guarantee, FHA mortgage loans are often available to home buyers who do not qualify for "traditional" … [Read more...]

Pre-Qualification vs. Pre-Approval: What’s the Difference?

Buying your first home is a huge financial milestone. Whether you're just starting to consider home ownership or are already entrenched in the search for your first home, there's an important step I recommend you take before making an offer or even … [Read more...]

Mortgage Application Declined? Here’s What to Do

Today, only four out of ten mortgage applications close. That means 60 percent of prospective home buyers walk away disappointed. For first-time home buyers, that statistic may be even higher. But if your mortgage application is declined, don't … [Read more...]

When To Finance Even If You Could Pay Cash

Should you ever go into debt even if you have the cash to make the purchase? Dave Ramsey would definitely say "NO!". But believe it or not, there are situations in which it may actually cost you more if you don't go into debt! … [Read more...]

Refinancing: What You Need to Know (Even Before You Own)

Mortgages are complicated. Looking to swap one mortgage for another by refinancing? They get even trickier. So it pays to understand how the mortgage refinance process works and when refinancing is a good idea (and when it's not) early in life. That … [Read more...]

How to Find the Best Mortgage

Everybody I know that has bought or will soon be buying a home spends countless hours searching for the perfect home. Few, if any, spend much time searching for the perfect mortgage. Make no mistake; finding the right first home is important. But … [Read more...]

Young and Upside Down on the Mortgage: What Would You Do?

Embattled real estate markets and soaring foreclosures aren't just affecting middle-aged Americans; there are plenty of young people who bought early at the wrong time. True, young homeowners have less invested in a home and plenty of time to rebuild … [Read more...]

How to Prepare to Buy Your First Home

Thanks to low mortgage rates, a housing glut, and generous tax incentives, mortgage applications are surging. Although the housing market is still a ways from a full-scale rebound, it is a great time to buy a home---especially your first. Over the … [Read more...]

Beware Loan Modification Scams

Loan modification companies are sprouting up left and right to take advantage of embattled home owners at risk of foreclosure. If this includes you; watch out. Some loan modification companies are nothing but down and dirty scams. … [Read more...]