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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.

Are Adjustable-Rate Mortgages About to Become Way More Popular?

Mortgages

Are Adjustable-Rate Mortgages About to Become Way More Popular?

Are Adjustable-Rate Mortgages About to Become Way More Popular?

With the Federal Reserve hinting it may soon begin to boost short-term interest rates, will borrowers turn to ARMs to keep enjoying the rock-bottom mortgage rates they’ve grown accustomed to? “Not in a big way,” said Ken Maes, an executive with Skyline Home Loans NW. “ARMs still have a negative perception.” Maes and other mortgage... Read More

7 White Lies That Can Hurt Your Homebuying Chances

Mortgages

7 White Lies That Can Hurt Your Homebuying Chances

7 White Lies That Can Hurt Your Homebuying Chances

Getting a mortgage and buying a house involves a lot of money. And the answers you give on your mortgage application have a direct impact on how much money you’ll get approved for, or whether you’ll be able to get the loan in the first place. So it’s not surprising that some people may be... Read More

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

How First-Time Homebuyers Can Save Big on Their Mortgage

Mortgages

How First-Time Homebuyers Can Save Big on Their Mortgage

How First-Time Homebuyers Can Save Big on Their Mortgage

With their low down payments and credit requirements, FHA mortgages experienced a surge in popularity as other lending dried up in the wake of the housing market crash. More recently, however, they’ve lost some of that luster as a series of fee increases have made them a less attractive option than they were a few... 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

4 Ways to Get a Mortgage for Little or No Money Down

Mortgages

4 Ways to Get a Mortgage for Little or No Money Down

4 Ways to Get a Mortgage for Little or No Money Down

With home prices and mortgage rates as low as they are, a lot of people are eyeing the opportunity to become first-time homebuyers. Unfortunately, many of them are discouraged by a perceived need to come up with a hefty down payment. It’s true that the free-money days of the housing boom, when virtually anyone could... Read More

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