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Kirk Haverkamp

Contributor |  In Mortgages

Kirk Haverkamp is chief staff writer and editor for MortgageLoan.com. He covers the mortgage and personal finance industry from both a consumer and industry perspective, and provides guidance for consumers on how to approach the sometimes intimidating process of obtaining the right mortgage and personal finance products for their needs.

I’m Not a U.S. Citizen. Can I Get a Mortgage?

Mortgages

I’m Not a U.S. Citizen. Can I Get a Mortgage?

I’m Not a U.S. Citizen. Can I Get a Mortgage?

Immigrants are having a significant impact on the U.S. housing market. According to the Research Institute for Housing America, immigrants accounted for nearly 40% of the net increase in U.S. homeowners from 2000-2010. Meanwhile, the same group estimates that U.S. homeownership rates among Hispanic immigrants will hit 50% by the year 2020. Overall, their numbers... Read More

Could an FHA Loan Keep You From Your Dream Home?

Mortgages

Could an FHA Loan Keep You From Your Dream Home?

Could an FHA Loan Keep You From Your Dream Home?

FHA loans, with their low down payments and relaxed credit requirements, are supposed to make it easier to buy a home. But home sellers haven’t always welcomed FHA offers with open arms. Stories about nit-picking home inspections, marginally qualified buyers, delays in closing and demands for substantial seller concessions sometimes make some sellers reluctant to... Read More

Can You Buy a Home for Your Parents?

Mortgages

Can You Buy a Home for Your Parents?

Can You Buy a Home for Your Parents?

It’s fairly common for parents to help their children buy a home. But sometimes, adult children are in a position where they want to help buy a home for their parents. It may be that the children have been successful and want their parents to have a better home than they do now. Perhaps the... Read More

Can I Actually Rent-to-Own a Home?

Mortgages

Can I Actually Rent-to-Own a Home?

Can I Actually Rent-to-Own a Home?

In today’s economy, there are many people who would like to become homeowners but lack the means to do so. For them, a rent-to-own arrangement can appear to be an attractive option. But how do these arrangements work and what are the potential shortcomings? Though there are variations, the basic lease-with-option-to-buy arrangement works like this:... Read More

4 Things You Need to Know About Home Equity Loans

Mortgages

4 Things You Need to Know About Home Equity Loans

4 Things You Need to Know About Home Equity Loans

Home equity lending is making something of a comeback. After being nearly shut down with the collapse of housing prices during the Great Recession, lenders are once again opening up their wallets and allowing people to borrow against the value of their homes. Newly originated home equity loans and lines of credit rose by nearly... Read More

7 Loans You Thought Had Disappeared

Mortgages

7 Loans You Thought Had Disappeared

7 Loans You Thought Had Disappeared

You don’t hear much about certain types of mortgages these days. Option ARMs, interest-only, stated income, no-money down, teaser rates – many of the most popular types of mortgages from the days of the housing bubble have virtually disappeared. But are they really extinct? Or have they simply gone into hibernation, waiting to emerge again... Read More

Why You Shouldn’t Obsess Over Mortgage Rates

Mortgages

Why You Shouldn’t Obsess Over Mortgage Rates

Why You Shouldn’t Obsess Over Mortgage Rates

When most people start shopping for a mortgage, the first thing they do is look for the lowest interest rate they can find. And that can get them into trouble. A low interest rate can save you money, obviously. But it’s only part of the story. If you’re not careful, you could easily end up... Read More

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