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Mortgage Smart
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Required Reading
Must read articles for anyone who owns or is planning to buy a house. Book StoreCheck here for a complete selection of books and programs to make you a better real estate investor and mortgage borrower.... Read more 10 Top Tips for MovingHire professional movers or do it yourself?... Read more A smart use of home equity?Been looking twice at those offers for a home equity loan to "consolidate" your debt? Paying off high-interest credit-card debt with a home-equity loan can help financially troubled families.... Read more A Solid Real Estate Appraisal will Nail Down a Home's WorthPay too much, and you lose money when you sell. Pay too little, and you'll probably want to know why someone is willing to sell below market. Either way, it's important to know exactly what a property is worth before buying.... Read more Adjustable Rate Mortgages: Not a good deal in 2008With interest rates on fixed-rate mortgages averaging close to 6 percent in recent months, many people are finding that there is no real savings but more risk with adjustable rate loans.... Read more Affordable MortgagesJust about anyone can buy a home. With new low down payment mortgages, and special programs for low income households, many more families can now qualify for home mortgages.... Read more Audit your mortgage payments or mortgage escrow accountUse these programs to audit your mortgage account to assure your payments are being applied correctly.... Read more Automated Mortgage UnderwritingChances are, when you apply for a mortgage, your loan will be underwritten immediately by a computer. While automated underwriting will not solve every loan problem, it certainly makes buying a home faster, better, and cheaper for most home buyers.... Read more Avoid Foreclosure: Refinance your sub prime loan with FHADon't lose your home. FHA has a new program to assist those with sub prime loans. Check it out with an FHA lender.... Read more Builders Risk InsuranceBuilders risk insurance is a form of property insurance that covers property owners and builders for projects under construction, renovation or repair. It is similar to normal homeowners insurance but designed to provide insurance during the construction... Read more Building Your Home in FloridaBuilding a new house can be fun but can also be a disaster. To achieve the best results research the builder and use a bank or credit union construction loan to fund the construction.... Read more Commercial Loans Prepayment PenaltiesBorrowers are looking for the security of long term fixed rate commercial loans but then balking at the prepayment penalties that come with them. But do you really understand how these prepayment penalties work?... Read more Commerical Real Estate Book StoreA great place to start learning about commercial real estate with the best selection of commercial real estate books.... Read more Compare Mortgage RatesHow do you know that the mortgage rate you are being offered is competitive? Check out the national average rates for today.... Read more Construction Book StoreLearn about residential construction before building your house or selecting your builder.... Read more Construction Lien Laws in FloridaConstruction lien laws are designed to help the sub contractors that work on your house by protecting them from non payment. If you are building a house in Florida you should read this.... Read more Construction Loan Disbursement ProceduresConstruction loans are designed to assure adequate funds to complete the construction of the house.... Read more Construction Loan Survey RequirementsAll lenders require a survey of the property before construction and again after the foundation is poured to assure proper placement of the house on the lot. The survey must be prepared by a licensed surveyor registered in the State of Florida.... Read more Debt Consolidation LoansBeen looking twice at those attractive sounding offers for a debt consolidation loan? Paying off high-interest credit-card debt with a home-equity loan can help financially troubled families make ends meet.... Read more Escrow Accounts: Are Mortgage Lenders Sitting on Your Money?Most mortgage holders tend to think of escrow payments as a byproduct of borrowing. It doesn't have to be. Should you get interest on your escrow account?... Read more Evaluating Income PropertyEvaluating income property carefully will help make the right decision. Learn the concepts of cash flow, cap rates, competitive rents, and how appraisers will evaluate the property.... Read more Florida Building Permit DirectoryClick on the Florida county where you are building and get to the right department for your permit.... Read more Homeowners InsuranceProtecting your home and its contents is probably one of the most important financial decisions you will make. Understanding the details regarding your home and what insurance does can help you be sure you have the right coverage. House Poor?Use this website’s mortgage calculators to compute how much house you can afford. Don’t buy a house on emotion, buy it by the numbers. You will sleep better at night. How can I get information about mortgages?Information about PITI, TIL, Discount Points, mortgage loan fees, credit, APR, sample disclosure documents... Read more I Can’t Get a MortgageMany lenders offer FHA or b-c loans which stands for credit that is not classified as "a" credit The lower the quality of the credit, the lower the "grade."... Read more Mortgage Escrow AccountWhy do lenders require escrow accounts? What do they do for you? Are they only a method for banks to get free use of your money? Or do they hold a greater purpose in our society?... Read more Mortgage Loan Application ChecklistIn today's tight mortgage market preparation puts you one step ahead. The mortgage application checklist will help you prepare.... Read more Mortgage Loan ClosingSettlement of a mortgage loan is a legal process, so specific procedures and requirements will vary according to local laws, but the following outline of closing practices will help you through the process.... Read more Mortgage Loan Closing Checklist (Sample)Ever wonder what goes on with your loan while it is in process? Here is a mortgage lender's checklist that is used to check your file before closing.... Read more Mortgage Loan Compliance NoticesLenders are required to give you certain disclosures which are listed here. In addition you will receive a Truth in Lending (TIL) form that shows all the costs associated with your loan.... Read more Mortgage Loan Modification Instead of RefinanceLenders don't want to tell you about a little secret that can save you, the borrower, thousands of dollars in refinance costs. It's called loan modification. ... Read more Mortgage NewsMortgage news can affect mortgage borrowers even if you already have a mortgage. Here is a good way to keep current on the latest news.... Read more Mortgage Servicing RightsAs a borrower you have certain rights under the law regarding the transfer of your mortgage servicing.... Read more Mortgage TermsWhen you go out to shop for a mortgage you probably are going to hear many unfamiliar terms. Because of all the options available, obtaining a mortgage loan can be a real adventure. And since so much is at stake, your knowledge of the jargon will help you... Read more New FHA Lending LimitsFHA loan limits make FHA loans available for most refinancing and home purchases. T... Read more Predatory Lending: Defend Yourself!Known as predatory lending, unscrupulous lenders use hidden fees and unneeded refinancing to part borrowers from their money. Recent examples with sub prime loans show how borrowers can suffer.... Read more Private Mortgage InsurancePrivate mortgage insurance (PMI) provides coverage to the mortgage lender in the event of default. The premium is paid by the borrower. Mortgage lenders generally require private mortgage insurance on all high loan-to-value ratio loans... Read more Profit from ForeclosuresPre foreclosure investing requires a little more work but it will help you make better investments.... Read more Regulations That Help You Shop for a MortgageWhether you submit a completed application or a loan representative prepares your application for a loan, the lender is required to give you a copy of the Real Estate Settlement Protection Act booklet titled Buying Your Home: Settlement Costs.... Read more Remodeling ContractsSeveral forms of contracts are available for homeowners to pay the contractor for home improvements. It depends on your situation as to making the best choice.... Read more Remodeling LoansHere's a step by step process to finance your remodeling project. What type of financing is available? Which is best? What is a remodeling or "rehab" loan? How do they differ from other mortgage loans?... Read more Reverse Mortgage - A Mortgage That Pays You BackDorothy Rogers credits a reverse mortgage with allowing her to keep her property after her husband died.... Read more Sample Commercial Loan Commitment LetterA sample of a lender's typical commercial loan commitment letter.... Read more Search EngineSearch our site for the information you need.... Read more Selecting Your BuilderSelecting the right builder can mean the difference in your emotional and financial well being.... Read more The Commercial Real Estate Loan Application ProcessWhen you are shopping for a commercial real estate loan you should know what to expect and how to be prepared.... Read more The Good, the Bad and the Ugly of Debt Consolidation LoansPay off high interest credit card debt with a sensible consolidation loan and sleep better at night. ... Read more Title InsuranceTitle insurance is just what its name implies. It insures that the title on your home is clear of any liens, easements or claims.... Read more Top Ten Ways to Build Your Mortgage Borrowing PowerNothing can deflate the joy of buying a new home more than worrying about being turned down for a mortgage loan. Avoid disappointment by sharpening your credentials before you go hunting for a loan.... Read more Top Ten Ways to Save Money on Your MortgageWhether you are buying a home or have a home, there are some tricks to save money on your mortgage.... Read more Your Right to Cancel Private Mortgage InsuranceHomeowner’s Protection Act offers homeowners the right to cancel under certain circumstances.... Read more |
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