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.

Do You Need HARP to Refinance Your Mortgage?

Do You Need HARP to Refinance Your Mortgage?

Do You Need HARP to Refinance Your Mortgage?

Following the economic downturn, the government launched, and then revamped, the Home Affordable Refinance Program (HARP) to help homeowners who owed more on their mortgage than their home was worth. The program is still in play to this day, though it’s set to expire this December. If you’re thinking about using HARP to refinance, here’s... Read More

4 Colors You Should Never Paint Your Home

4 Colors You Should Never Paint Your Home

4 Colors You Should Never Paint Your Home

A fresh coat of paint is a fairly inexpensive way to refresh the look of your home; the average exterior paint job costs about $2,600, while interior paint costs $1,660, according to Home Advisor. But choose the wrong shade and you could wind up regretting it later. Paint your home with a weird color either... Read More

A Landlord Spills Her Secret: She’s Buying Starter Homes

A Landlord Spills Her Secret: She’s Buying Starter Homes

A Landlord Spills Her Secret: She’s Buying Starter Homes

If young families in New England can’t find a starter home to buy, she might be partly to blame. As a small-time real estate investor, she swoops in and buys would-be starter homes before families can and turns them into rentals. She says she feels badly about it … but she also feels she has... Read More

Can Rental Income Help Me Get a Mortgage?

Can Rental Income Help Me Get a Mortgage?

Can Rental Income Help Me Get a Mortgage?

You may not know this, but you can use projected rental income to qualify for a mortgage on a new property you’re looking to buy and lease out. Here’s how it works. Some mortgage companies will give you the benefit of fair-market rents when you purchase a property with the intention of renting it out.... Read More

3 Things You Absolutely Need for a Mortgage

3 Things You Absolutely Need for a Mortgage

3 Things You Absolutely Need for a Mortgage

If you’ve never bought a home before or it has been many years since your last mortgage transaction, you may want to freshen up on the basics before you head to the bank. To get you started, we’re going to go over three of the main things lenders look for when reviewing your mortgage application. 1.... Read More

What Happens When HAMP Expires at the End of This Year?

What Happens When HAMP Expires at the End of This Year?

What Happens When HAMP Expires at the End of This Year?

Nearly 10 million Americans lost their homes in the Great Recession. Millions more went through the arduous process of modifying their mortgages, either directly through banks or with the help of federal programs like the Home Affordable Modification Program (HAMP). Still more saw the value of their homes plummet, leaving them underwater and in financial peril. Many at-risk... Read More

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