Mortgage Types

Recent Articles

• FHA may raise 3.5% down payment Home buyers might need to put down more than 3.5% to get an FHA-insured mortgage loan.
• 15-year loan can mean big savings Borrowers can cut save on interest expenses with a 15-year refinance loan.
• Conforming Loans A conforming loan usually means a lower interest rate and substantial savings.
• Jumbo loan basics Jumbo loans offer large loan amounts for borrowers in high-cost markets, but may come with stricter qualifying requirements and higher interest rates.
• Benefits of government-backed loans FHA, VA, RD loan programs guarantee low or no-down payment mortgages.
• What you need to know about an interest-only mortgage before signing You can afford to buy a more expensive home, but will you be ready when the big bill comes due?
• What is an FHA Loan? An FHA loan is a great tool to help first-time home buyers own a home.
• Low credit score loans You can still get a good rate on your mortgage with an FHA loan even though you have a low credit score.
• Interest-only mortgages An interest-only mortgage offers lower initial monthly payments but those payments will rise.
• Is a hybrid mortgage right for you? A hybrid mortgage can offer you the security of a fixed-rate mortgage at a lower rate.
• 40-year mortgages You'll get lower monthly payments with a 40-year mortgage, but consider the drawbacks as well.
• Reverse mortgages If you are 62 or older and short of cash, a reverse mortgage can help you stay in your home and meet your expenses.
• Get acquainted with home construction financing A construction loan can help you fund large home improvement projects.
• 80/10/10 financing 80/10/10 financing can get you into a home with a lower down payment but still avoid PMI.
• Energy Efficient Loans: How They Work Using less energy could allow you to qualify for a larger mortgage.
• What you need to know about a second trust loan before signing Financing part of your down payment eliminates the need for private mortgage insurance.
• What you need to know about a flexible payment mortgage before signing Flexible monthly payments can help in a crunch if you have the discipline to manage this mortgage properly.
• FHA Loan Eligibility You may be a good candidate for an FHA loan.
• Adjustable rate mortgages: What you need to know If you're considering an adjustable rate mortgage (ARM), here's what you need to know before you sign.
• Bridge financing basics If your new home closes before the one you are selling, you'll probably need bridge financing. Here's how it works.
• What you need to know about a piggyback loan before signing This financing option eliminates the need for expensive private mortgage insurance.
• Adjustable rate mortgages (ARM) Understand the terms of an adjustable rate mortgage (ARM).
• What you should know about payment-option ARMs Those minimum payments may look enticing, but they can increase your loan balance and cost you more in years to come.
• What you need to know about Adjustable Rate Mortgage (ARM) terms Consider not just what the mortgage will cost you today, but what it will cost down the road.
• Meet Fannie Mae and Freddie Mac Home Loans Here's how Fannie Mae and Freddie Mac, two government-sponsored organizations, help make home ownership possible for many Americans.
• No-cost mortgage loans Tempted to choose a mortgage with no upfront costs? Be careful you don't just save now and pay later.
• What is a balloon mortgage? This short-term home loan can sometimes be useful, provided you understand the potential risks involved.
• Understanding adjustable rate mortgage terms Considering an adjustable rate mortgage (ARM)? Understanding some common terms can help determine if it's right for you.
• What is an Energy Efficient Mortgage? A good way to get into an energy-efficient home.
• Beware of non-traditional mortgages Tempted to choose a non-traditional mortgage with the lowest payments possible? You'd better first assess their risks.
• How an FHA loan works An FHA loan is a great way for a first-time home buyer to finance a home.

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