How to determine if you should refinance? 

To determine if a home owner should refinance it is a good idea to consider different issues such as: how long is the home owner planning to stay in the home and how manyh …

Finding a great source of infor on refinancing is easy. Try Fannie Mae.

Fannie Mae is a great informational source for refinancing questions.  Fannie Mae offers information on why a home owner should refinance, what the requirements and costs are, eligibility, …

The more choices you have for a mortgage the better.  Check with your mortage broker to make sure that they have many resources to pull from  Your mortgage broker should have a network to choose from.  You should know how …

So you have finally decided to buy a house.  Now you need to get a mortgage.  Can you negotiate a rate?

You can always get a better deal if you shop around.  So why not shop around for a better interest rate.  …

Market value is the value of your house when you are ready to sell it. Your house is only worth what the market value is.

 Which means you could have bought your house a couple of years ago for $150,000 put …

OK, first things first.  There are many ways to make your mortgage payment less.  Check your mortgage every year. 

Did your credit score become higher?   If it did you can probably get a better interest rate. 

Have you had your mortgage for …

What is a Co-Op loan?

A Co-Op loan is used when you purchase a condominium.  A conominium is a place a person owns their own apartment in a building with many apartments.  You share areas such as parking lots, elevators, recreational …

What is A Balloon Loan?

Balloon Loans are also called bullet loans.  They have a term between 3 and 7 years, however, the payments are calculated on a term of 15 years with the balance due in one large payment at …

What is an 80-10-10 loan.

These are sometimes refered to as piggyback loans.  They are used to creatively purchase your home.  If you con not have a lot of cash, this loan allows you to qualify for a higher mortgage, with …

What we all dread when trying to buy a home. 

First find out why you were turned down.  Ask for an explanation.  They are required to tell you in writing within a 30 day time period.  Usually the reasons are inadequate …