In the past, a person had limited options when borrowing money for a home purchase. These days, there are exotic mortgage loan options that satisfy just about every borrowing need. Creative Mortgages Getting a loan for a home purchase can be very s...

Many people make a major mistake when applying for a mortgage. They are so relieved to get the loan that they fail to pay attention to prepayment penalties in the loan documents. Prepayment Penalties With the refinance craze of the last few years, m...

You've lived in your home for some time and circumstances such as an expanding family mean you need a new one. This brings up the subject of bridge loans. From Here to There You have two basic options when you are considering selling one home to mo...

The political landscape this year has been nothing but ugly. It promises to come to full boil with the proposed tax reform eliminating or reducing the mortgage interest deduction. Tax Reform or Raising Taxes There is an old saying about the two pol...

A bipartisan committee has made two recommendations to President Bush regarding tax reform. In this article, we take a look at the second option. Tax Reform A year ago or so, President Bush decided to spend his political capitol on tax reform and f...

A committee appointed by President Bush has come up with an alarming recommendation. They want to limit the tax deduction for mortgage interest! Reform Following his re-election, President Bush set up an aggressive agenda in which he hoped to reform...

Traditionally, homebuyers could look to two forms of mortgages – fixed rate and adjustable mortgages. While there are now many more options, this article takes a look at the adjustable rate mortgage. What is an ARM Loan? An adjustable rate mortgage ...

Commercial real estate is distinctly different from residential real estate. The terminology is very different and here is a list of new terms from A to M. Commercial Terms According to Value: The value of the property when computing property taxes...

Commercial real estate is distinctly different from residential real estate. The terminology is very different and here is a list of new terms from O to Z. Commercial Terms Operating Expenses: Just as it sounds, operating expenses are those costs a...

With soaring real estate prices, many Americans are looking to alternative home options. Modular homes are one of the popular affordable housing options. Modular Homes Modular homes represent almost 8% of all new U.S. home s...

Selling your home can be a complex process. If you make mistakes, you may be unable to sell you home or have seller's remorse. There's no need for this if you keep in mind the following. Overpricing Your Home It's important t...

When borrowing money for a mortgage, homebuyers are primarily concerned with simply qualifying. Still, paying attention to the length of the loan is a borrowing tip that can save you a ton of money. Home Loans In the mortgage...

The mortgage process can be a little confusing if you aren't familiar with the terms used in the process. To help you out, here is a list of terms with corresponding mortgage definitions. Broker: An independent mortgage professional that ov...

The naysayers are proclaiming the end of the real estate boom once again. Once again, they are wrong. Boom, Boom, Boom In recent years, it's impossible to turn on the television or read the headlines without seeing a warning...

Once you've decided to buy a property, the first step is not to go house hunting. Instead, you should find out what you can borrow. In doing so, it is important to understand the difference between loan qualification and approval. Pre-QualifiedGetting pre...