Mortgages

Our Credit.com experts are here to help you better understand mortgages so that you can make smarter home loan decisions. Find out what you should consider when shopping for a home loan, plus ways to get the best rates & deals. Learn how to approach re-financing, foreclosures and short sales. Understand how mortgage decisions can affect your credit score.

103-Year-Old Texas Woman Fights to Keep Her House

103-Year-Old Texas Woman Fights to Keep Her House

103-Year-Old Texas Woman Fights to Keep Her House

A 103-year-old Texas woman is fighting to keep her home after she let her insurance lapse, a CBS affiliate in the Dallas/Fort Worth area reports. Myrtle Lewis told CBS she accidentally let her insurance expire and renewed it after noticing the mistake, but the gap in coverage apparently violated the loan agreement for her reverse… Read More

Can You Afford an Investment Property?

Can You Afford an Investment Property?

Can You Afford an Investment Property?

Making extra money without much work — it can seem almost too good to be true. Yet we’ve all heard of a friend (or a friend of a friend) who is making a killing with investment properties. With the housing market on the rebound, home values are rising across the nation and it could be a… Read More

Could Maternity Leave Keep You From Buying a Home?

Could Maternity Leave Keep You From Buying a Home?

Could Maternity Leave Keep You From Buying a Home?

Looking to buy a home with a munchkin on the way? The details of your temporary leave may impact your ability to get a mortgage. If you plan on taking a maternity leave of absence from your job, it’s important to know how a home loan lender will view your income status. Generally, when you… Read More

5 Signs You’ve Outgrown Your Home

5 Signs You’ve Outgrown Your Home

5 Signs You’ve Outgrown Your Home

Although buying your home was likely the biggest financial and personal decision you have ever made, there will likely come a time when you are no longer comfortable living there. Maybe this was your “starter home” or some significant milestones in your life are encouraging you to move. If you can’t decide if this is… Read More

Watchdog Proposes Rules to Protect Homeowners From Bad Foreclosures

Watchdog Proposes Rules to Protect Homeowners From Bad Foreclosures

Watchdog Proposes Rules to Protect Homeowners From Bad Foreclosures

The Consumer Financial Protection Bureau Thursday proposed new rules that would offer U.S. homeowners additional protection from foreclosure. The proposals are part of the CFPB’s ongoing effort to protect struggling homeowners and make the mortgage process easier to understand. The expanded protections cover a variety of issues, from clarity about loan delinquency to additional help for… Read More

NJ Man Uses Loophole to Beat Foreclosure, Get His Home Back

NJ Man Uses Loophole to Beat Foreclosure, Get His Home Back

NJ Man Uses Loophole to Beat Foreclosure, Get His Home Back

Generally, failing to pay your mortgage does not end up with you outright owning your home. In fact, that’s usually the exact opposite of what happens. That being said, here’s the story of a New Jersey man who had the uncommon experience of defaulting on his mortgage and retaining ownership of his home, by court… Read More

Everything You Need to Know About Down Payments

Everything You Need to Know About Down Payments

Everything You Need to Know About Down Payments

When you are ready to buy your first home, financing this large purchase may seem overwhelming. Getting educated about the homebuying process can help you ensure you are neither overspending, nor over-borrowing. You often hear people say they are saving up for a home. What they usually mean is they are saving up cash to put… Read More

What’s the Biggest Mortgage You Can Get?

What’s the Biggest Mortgage You Can Get?

What’s the Biggest Mortgage You Can Get?

Buying or refinancing a home in a high-cost market and need a big mortgage loan? With such low interest rates and the various loan programs available in the lending environment today, determining which is best for you to successfully pull off your transaction can be no minor feat. Conventional Conforming Loans A conventional mortgage is a… Read More

5 States Where Home Repossessions Are on the Rise

5 States Where Home Repossessions Are on the Rise

5 States Where Home Repossessions Are on the Rise

Foreclosure activity in the U.S. increased from September to October, driven mostly by a jump in scheduled foreclosure auctions and homes repossessed by lenders. RealtyTrac’s monthly foreclosure report shows changes in foreclosure activity — default notices, bank repossessions and scheduled auctions of residential properties — across the country, on a state level and in the… Read More

A New Challenge for Veterans Who Want to Buy a Home

A New Challenge for Veterans Who Want to Buy a Home

A New Challenge for Veterans Who Want to Buy a Home

After years in the shadows, the historic VA loan program is getting some time in the sun, but it may be short-lived. VA loan volume has surged since the housing crisis. Veterans and military buyers have flocked to the program’s more flexible and forgiving requirements in a time of tight credit. But that momentum may be… Read More

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