40 Tips for Increasing the Appraisal of your Home
Whether you are planning to refinance or to sell your home, you want it to be as valuable as possible. Some of the ideas that follow…
ARM Wrestling: When You Should Refinance Your Adjustable Rate Mortgage
2003, 2004, 2005… not a bad time to get an adjustable rate mortgage (ARM). For many people, it was the…
All you need to know about 50-year Mortgage Home Loans
When the time comes to purchase a home, you probably are not thinking about paying it off for the next 50 years of your life, but this is exactly what some…
Automatic Rate Cut Refinancing
Imagine being able to secure an interest rate that can only go down and never up. Too good to be true? Let’s…
Avoiding Foreclosure on your Home
If you are finding it difficult to make your mortgage payments, or if you worry that you may not be able to do so in the future (such as if your adjustable rate mortgage or ARM is about to reset), then the best time to take action…
Bad Credit Mortgages and Mortgage Refinance
Obtaining a mortgage can be a very daunting task for even the most credit-conscious of consumers, so for those with poor credit…
Biweekly and Bimonthly Mortgages: Save Money with Shortened Term?
Biweekly mortgages and bimonthly mortgages are home loans on which payments are made more frequently than ordinarily is the case. Not to be confused with accelerator…
Credit Crunch: The Effect on Consumers
Times are relatively uncertain in today’s financial and lending environment. We have in our midst what…
Different Types of Mortgage Loans: Part I
A mortgage is a loan that is taken out so that an individual is able to buy a house. There are a wide variety of…
Different Types of Mortgage Loans: Part II
Fixed-Rate Mortgages v. Adjustable-Rate MortgagesFixed-Rate MortgagesFor the borrower with a fixed-rate mortgage, the interest rate for monthly…
Get the Most out of your Banking: Understanding and Avoiding Fees
Working with a financial institution, such as a bank or credit union, is imperative to keep your money safe, and for a wide variety of monetary…
Home Equity Facts and Frauds
In the age of a slowing house market, people will be facing very tough choices about managing debt, while scammers unfortunately…
Home Equity or Lines of Credit: Due Interest
Home equity loans and lines of credit are very similar: both rely on the value of a home and use the equity in the home as collateral. Bankers estimate that almost…
Home Mortgage Loan Amortization and Negative Amortization
While shopping around for a mortgage, you probably do not know where to begin in deciphering all of your different mortgage options. As a supplement to our extensive…
How To Avoid Losing Your Home in a Foreclosure
By Jim Perez, DebtHelp, Inc. Staff Writer Here at DebtHelp.com, our Super-Freak-O-Nomics team…
How often can you refinance?
Refinancing one’s mortgage might offer a variety of advantages for the homeowner, but how often is it possible…
How to Use Online Banking Safely
Online banking is a huge industry, and with very good reason. Handling one’s accounts and…
Mega Mortgages: Jumbo Loans for Pricey Homes
So you want to buy a home with quite a large price tag. How is one to go about doing this? Because purchasing an expensive…
Mortgage Accelerator Loans
Mortgage acceleration plans might not be very well known in the United States, but these unique mortgage loans are the home-buying choice for about ¼ of homebuyers from the UK and 1/3 of Australian homebuyers. What separates these loans from…
Mortgage reform on the horizon?
One of the biggest issues facing lawmakers today is mortgage reform. A bill that had been in committee,…
No Credit Check Personal Loans and Payday Loans
Though it has not always been the case, it is entirely possible nowadays for individuals to obtain legitimate loans without first having to survive the dreaded credit check. Loans that do not require credit…
Obtaining a Loan from Family
Borrowing money from a family member: does just the thought of it make you uneasy? Everyone has heard the horror…
Payday Loans for Borrowers with Bad Credit
No doubt you have seen those little establishments lining the road that promise a quick cash advance so that you can stay financially afloat until your next pay day. How do payday loans work? Do…
Piggyback Mortgages: Avoiding PMI
For many mortgage borrowers, private mortgage insurance (PMI) is not a welcome expense. It usually is necessary for…
Private Mortgage Insurance
Buyer BewareIn the excitement of closing, private mortgage insurance (PMI) sometimes passes unchecked through closing documents. PMI insures the lender against…
Purchasing and Investing In Foreclosures
When it comes to today’s home-buying and lending markets, there isn’t much in the way of good news. However, there is a flip side…
Questions to ask your Mortgage Lender before Refinancing
First Things First1. How do I know if a refinance is a smart move for me?2. Will refinancing save me money…
Recovering after Foreclosure
Along with filing bankruptcy, having a foreclosure against your home is one of the most serious financial actions that can be taken, and certainly is among the most…
Refinancing: Getting the Right Appraisal
Choosing the appraiser for your refinance potentially can be the same as choosing your own appraisal. What if your appraiser is grumpy,…
Refinancing: The Risks of Mis-Appraised Properties
Is your appraisal way too high? Way too low? If your appraisal is too high, you might be assuming a mortgage from which there is no escape, and you may not be able to sell…
Reverse Mortgages
Reverse mortgages (Home Equity Conversion Mortgages (HECM)) are not a new concept. Formerly known as ‘life…
Searching for an Online Auto Loan
If you need financing to purchase a car, then you might want to check out your online possibilities first. While online financial products…
Should you wait for rates to adjust before refinancing an ARM?
Adjustable rate mortgages (ARMs) are loans that begin with a low interest rate and adjust eventually to a much higher rate. This higher rate normally corresponds…
The advantages of using your local credit union to refinance your mortgage
Local credit unions increasingly are popular alternatives to traditional banks. While banks are privately owned,…
The difference between a home equity loan and a home equity line
A home equity loan (HEL) utilizes the equity in a home to provide the borrower with a loan. Borrowers are granted a lump…
The pros and cons of cashing out your home equity
In the past few years, millions of Americans have refinanced their mortgages and cashed out the equity in their homes, but is refinance right for you?…
To Rent or to Buy a Home?
Whether it is best to rent or to buy a home is a very important consideration – and one that nearly everyone must make a decision about at some point in their lives! Housing is a necessity, so deciding…
Understanding the Housing Market Index
Chances are that you have heard the term “Housing Market Index”, but maybe you are not familiar its purpose. Perhaps you have heard recently…
Unsecured Loans and Bad Credit Loans: Part I
Whether you are a renter who does not have a home to put up for collateral or a homeowner who does not wish to secure a loan against your property, you can find an unsecured loan…
Unsecured Loans and Bad Credit Loans: Part II
Payday LoansPayday loans, or cash advance loans, are another form of small loan that can be obtained regardless of credit history. Such loans are granted by small…
Using Home Equity: If These Walls Could Talk
Home values and ownership are at record highs in America. Even as the national market slows a bit, these values allow increasingly…
Using Your Refinance Dollars Cents-Ably
Times are changing. Refinancing nowadays to take advantage of interest rates, eliminate PMI (private mortgage insurance), or simply to build a cash stockpile…
What options do you have if you don't have any home equity?
There are two main reasons to refinance your home loan: (1) to lower your monthly mortgage payment by reducing your interest rate, or (2) to cash out your equity…
Wrap-Around Mortgage: A Good Option for Buyers with Bad Credit
There is a seemingly never-ending assortment of mortgages that can be options for borrowers in a variety of situations. One with which you may not be…
Your Rights as a Borrower
My credit card interest rates seem so high, and now they are being raised! Is this fair? When you express…
