Mortgages

It's a shame that more people don't invest in income-producing real estate, because it's one of the most powerful ways middle-class folks can generate wealth.  There is one major...
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5 Things You Didn't Know Could Hurt Your FICO Score
When it comes to figuring out credit scores, there are very few things that are obvious. Really, I spend a lot of time following this stuff and sometimes I wonder if someone sat down and...
Don't have the credit history or other formal credentials to get a traditional home loan?  No worries, there's an alternative way to get the home of your dreams: owner financing (...
When I looked for my first mortgage, I was skeptical about rates that were too low. There had to be a catch when one mortgage had a rate that was a full percentage point less than another. It...
Those of us familiar with selling property know real estate agents don't come cheap. With real estate agent commission and fees amounting to as much as 6% of the selling price (that's $...
Mistakes are difficult to avoid in something as complex as home buying, especially for the first time home buyer. And it's the simple missteps that can end up costing you for years....
If you or someone you know is thinking about getting a home mortgage, you may want to know about the thousands of dollars in hidden charges that some lenders are quietly adding to mortgage loans...
If you haven't already felt the pressure to refinance your mortgage, you're probably really feeling it now. Mortgage rates are still hovering near historic lows. But with the economy...
The goal: You want to get top dollar for your home or investment property when you sell. You're confident you can renovate a few things, recoup the cost and even enjoy some serious profit when...
Lately I have become more familiar with the mortgage industry than I would have preferred.   Since 2002, we have taken out four mortgages, 3 of those since 2009. (We've had lots of...
Our parents, and even grandparents, never saw rates like these. A 15-year home loan now averages 2.84%, while a 30-year loan is 3.59%. And more homeowners are riding the refinance train with the...
There's a reason why you hire a real estate agent -- they're experts at selling homes! They're better informed on the worth of your house, the state of the housing market, and even the buyer's...
As a new Congress gets underway, the typical populist clamor is emanating from Washington. But the oft-cited mantra of "cut taxes and slash spending" may be causing an unintended consequence:...
Investors are taking a closer look at the rental housing market. After all, rental property is another way to diversify your investments. However, owning rental property is a hands-on endeavor...
Despite an ever-improving economy and an optimism surrounding the stock markets, the housing sector remains in a deep funk.  The foreclosure crisis continues to take its time getting...
The housing market is flooded with homes and prices are low. This is great news for home buyers, yet the proposition can also be overwhelming. Here are nine house hunting tips that will help you...
In a buyer's market, it takes more effort than ever to sell your home quickly. Buyers know they have the upper hand, so they are looking for the best deal possible. In order to get a...
A good Realtor keeps her eyes peeled, and Dallas Realtor Robin Moss Norcross admits hers open up when there's ambulance activity in the neighborhood or old carpet on the curb. Those signs mean...
With the foreclosure market what it has been in recent years, we kept hearing horror stories about the insane things people do to their homes when they face eviction. So we decided to ask: What...
For more than a year, my family has sought a bigger home in our suburban Dallas neighborhood. Now that the kids are older, we're ready for a pool, a different layout and a fifth bedroom for my...
Ever wonder why that house on your street is just sitting there, making the neighborhood look crummy? You're not alone. Every month, there are hundreds of thousands of home foreclosures...
Interest rates are at an all-time low. The housing market has finally begun to recover after hitting rock bottom late last year, according to a May 2012 report from research firm Fiserv. On...
Do you loathe having to pay your mortgage each and every month? You're certainly not alone. But consider yourself lucky. There are millions in this country that would love to be able to pay...
Everyone understands a higher interest rate on a mortgage means you'll pay more money over time to own your home. But few understand just how large a difference small changes in your mortgage...
Buying a second home before selling the first is a scary proposition. But some move-up buyers living in tight real estate markets have little choice if they want to land their dream home in...
The nation's widespread drought is forecast to be costly for Americans as the prices of fuel and popular grocery items spike. And adding insult to injured budgets, the extreme heat and suddenly...
When you are trying to decide whether or not to refinance your mortgage, you have to take a lot of things into account to make an intelligent decision. There are many variables at play, and a...
Two mild-mannered school teachers taught me everything I know about flipping houses -- and not in a good way. I met this couple in 2006. They were very nice people -- but extremely aggressive...
It's common knowledge that real estate agents and mortgage lenders are aliens. They seem to appear out of nowhere, they all seem to know each other, and you never see them eat. They also have...
Thinking about buying a little bungalow by the bay for the upcoming summer season? You're not alone: It's human nature to want to live by the ocean -- owning a waterfront home conjures images...
3 Ways to Pay Off Your Mortgage up to 15 Years Early
Imagine paying off your 30-year fixed mortgage five, 10, or even 15 years early. If you were 30 when you took out your home loan, you could be mortgage-free by 45, freeing up an extra $2,000...
Buying a home -- especially your first home -- is one of the most exciting moments of your life. But it can also be one of the most expensive, especially if we're talking about mortgage lenders...