Find resources, tips and articles about New Home Loans . Explore our home remodeling, realty, home financing and home services guide.
It is easy for first time homeowners to get overwhelmed when they start to look at home loan options. Our New Home Loans Guide contains information to make that process easier. There is information on each type of loan, including fixed rate, balloon, FHA and hybrid mortgages. The articles also include information on applying for a home mortgage, the pieces of a mortgage and PMI.
Most homebuyers find themselves weighing which home loan term is right for them: A 15-year mortgage or a 30-year mortgage. This article discusses both.
Are you considering a new home loan? One type of new home loan is a balloon mortgage, which allows homeowners to make lower mortgage payments. Read this article to learn if a balloon mortgage home loan fits your financial needs.
When homeowners are shopping around for a new home loan, they may be asking themselves about the difference between a mortgage interest rate and an annual percentage rate (APR). Read this article for an explanation for both interest rates and annual percentage rates.
We all know how fiscally terrifying the purchase of a first home can be, no matter what the cost. With closing costs, down payments and other fees to consider, it's easy to feel overwhelmed. Fortunately the government and a number of creditors understand your pickle and have designed programs that can help. Read this article to learn more!
This brief article discusses Adjustable Rate Mortgages (ARMs). ARMs do not have dependable monthly payments, because interest rates can change over the life of the loan. Depending on a buyer's financial situation and the length of time they are planning on staying in their home, an ARM may be the perfect loan.
This brief article defines assumable mortgages and how they work.
This brief article defines buy-down mortgages and explains how they work.
This brief article lists and describes several different types of hybrid mortgages, including: Piggy Back Loans, Convertible ARMs, Two-Step Mortgages, Convertible Loans, Balloon Mortgages and Graduated Payment Mortgages.
This brief article defines combination rate mortgages and how they work.
Federal Housing Authority loans are perfect for the first time buyer looking to pay a low down payment and in need of flexibility. This brief article explains what they are and how they work.
This brief article discusses fixed rate mortgages and when one should consider applying for one.
For many first-time homeowners, the excitement of purchasing a home may distract them from examining every detail of their home loan and one detail that many first-time homeowners overlook is the prepayment penalty. Read this article to learn how this penalty can affect the refinancing or selling of your home later on.
Are you familiar with home loan terminology like adjustable rate, credit score and interest-only? Knowing this home loan jargon can help you become a savvy home buyer and allow you to better understand a realtor or lender. Read this article for explanations of these home loan terms.
Are you looking for a straightforward explanation of mortgage terms? Do you want to know how your money is being divided into principal, interest and fees? Read this article to learn more about these sections of a home loan.
Do you know where your credit stands? Knowing your credit standing can help you be better prepared when you meet a lender to discuss your home loan application. Read this article to learn how you can prevent being rejected by a lender.
The forty year loan is a new mortgage product that has created a lot of buzz in the real estate world, but is it right for every homeowner? We sat down with Bay Area mortgage expert Aaron Thomas to chat about the ins and outs of the latest in mortgage options.
Selecting the appropriate home loan can be confusing when there are so many to choose from. Becoming more familiar with common types of loans will make the selection process less perplexing.
Did you know that you could be required by a lender to have private mortgage insurance (PMI) as part of the terms of your home loan? Private mortgage insurance can raise a homeowner's monthly payments. Read this article to learn the details about private mortgage insurance.