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.

Is 2015 the Year to Sell Your House?

Is 2015 the Year to Sell Your House?

Is 2015 the Year to Sell Your House?

Home price gains are slowing, credit is thawing and more first-time buyers may be hitting the real estate market in 2015. Better balance in the housing sector is “in” next year, as far as trends go. That’s likely to put buyers and sellers on a more even footing. Some prospective sellers sound especially bullish on… Read More

Dreaming of a Second Home? 5 Options

Dreaming of a Second Home? 5 Options

Dreaming of a Second Home? 5 Options

Do you prefer lounging on the beach or boating on a lake? Maybe you just want to hike in the woods during your free time. If you are lucky enough to be in a position to buy a second home, it’s important to think carefully about what kind of home you want. Almost any permanent structure with… Read More

6 Ways to Make Sure You’re Buying an Energy-Efficient Home

6 Ways to Make Sure You’re Buying an Energy-Efficient Home

6 Ways to Make Sure You’re Buying an Energy-Efficient Home

There is plenty to think about when you are buying a home — but little is more important than finding a home you can afford. Among the characteristics recent homebuyers are looking for in a home, energy efficiency is becoming increasingly important. So how do you know if the home you are buying is green enough… Read More

4 Frustrating Renting Realities

4 Frustrating Renting Realities

4 Frustrating Renting Realities

Millions of consumers who either previously owned a home or have never owned a home are all too familiar with the financial drain of renting. Here are four renting realities that could make you reconsider whether it’s ultimately worth it. 1. Your Home Is Controlled By Your Landlord A legal right to occupy the property… Read More

Is Your Foreclosure Really Behind You?

Is Your Foreclosure Really Behind You?

Is Your Foreclosure Really Behind You?

As Yogi Berra once said, “It ain’t over till it’s over.” Last year, the phenomena of “zombie deeds” came to light when it was discovered that homes vacated by their owners under the belief that they had been foreclosed really weren’t foreclosed at all and the owners still owned the house. Now the specter of… Read More

The Top Foreclosure States in America

The Top Foreclosure States in America

The Top Foreclosure States in America

For a brief moment this year, Florida was not the state with the highest foreclosure rate. Maryland relieved Florida of that dubious honor in October after foreclosure activity in the state surged, but a 31.1% decline in Maryland foreclosures from October to November was enough to push Florida back to the top, despite declines in that… Read More

Think You Can’t Afford to Buy a Home? Think Again

Think You Can’t Afford to Buy a Home? Think Again

Think You Can’t Afford to Buy a Home? Think Again

Did you have a bad credit event in recent years? Do you have less than two years in the same career field? Is your monthly income less than three times your proposed payment? Fear not, when your financial picture doesn’t fit neatly into the box, you may still qualify with some lenders. Here’s how. When… Read More

What Is Amortization?

What Is Amortization?

What Is Amortization?

Calculating how much home you can afford can be difficult and feel overwhelming. You need to consider how much down payment your finances allow as well as the monthly payments you can realistically make before finding the right home. One term you will hear during the mortgage phase of buying a home is amortization. It’s… Read More

6 Reasons to Make a Larger Down Payment

6 Reasons to Make a Larger Down Payment

6 Reasons to Make a Larger Down Payment

Deciding how much down payment to make when buying a home can be a challenge — and it can make a big difference in how much your home costs you. The amount of money you pay upfront determines how much your mortgage payment is. If you can afford to make a down payment that is larger… Read More

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