Articles about Mortgages

Short sales and foreclosures are facts of life in the real estate market these days.
There is a good chance, then, that agents and clients will encounter them when they go to purchase a home or investment property.
Short Sale
Short sale means that the lender on that property wants to sell it and is going to accept [...]

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In a nutshell, Fannie Mae and Freddie Mac are intermediaries. They buy loans from lenders and then turn around and sell them to investors.
Most mortgages, regardless of the type, are originated with the expectation that they will be sold after they close.
Loans that are kept in-house, by a big-box lender or perhaps a smaller bank, [...]

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If you are looking to purchase or refinance a home, or apply for any type of credit, you may be having some challenges.
This could be due to items that are on your credit report.
Some type of credit repair, or restoration as it is sometimes called, may offer some benefit, depending on your situation.
Credit restoration is [...]

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Mortgage escrow accounts can be beneficial to homebuyers.
But there are a few things homebuyers should know about them.
First, mortgage escrow accounts are like savings accounts for homeowners.
Money deposited in them is used by a lender to pay your property tax or insurance bill when it is due.
With an escrow account, your lender will pay the [...]

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The HomePath program has been getting a lot of attention lately. So what is it, and what can it do for you?
HomePath is a website owned by Fannie Mae that shows properties that have been foreclosed on and taken back from the owners. These are often referred to as real estate owned (REO) properties.
These properties [...]

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With the record-low interest rate environment that we find ourselves in these days, adjustable rate mortgages (ARMs) seem to be more attractive than ever. After all, ARMs often have lower rates than their fixed rate counterparts.
However, there are a few things that buyers should take into consideration before getting into an ARM.
ARMs have a fixed [...]

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If you’ve ever applied for a mortgage, or are planning to do so soon, you should be aware that there are a number of ways lenders and clients connect with one another.
First, lenders reach you by way of channels. There are two basic channels. The first is the retail channel, while the other is the [...]

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Remember that house you wanted a couple of years back but couldn’t afford?
Well, with the current housing market having turned in favor of buyers, now might be a very good time to take another look at possibly purchasing that property.
There is a drawback, though.
The other side of the coin is that credit terms have been [...]

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The price you pay for a knowledgeable real estate attorney when buying a property could be the best money that you ever spend. There are several reasons for this - one being that they have no interest in the transaction other than to see that you understand what is going on and to see that [...]

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The Reverse Mortgage (RM) is one solution for homeowners who are looking for a way to access the equity in their homes without taking on more debt.
An RM is also known as a Home Equity Conversion Mortgage (HECM), where the borrower can pull a specific amount of equity out of the property.
No payments are made [...]

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