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.

Should I Use a Seller-Financed Mortgage?

Should I Use a Seller-Financed Mortgage?

Should I Use a Seller-Financed Mortgage?

Q: I’m buying a home and the seller has offered to personally give me a mortgage instead of me going through a bank. My credit is fine so it’s not like I need the help from the guy. I think he sees it as income to him on the interest payments. What are the positives and… Read More

The Pros & Cons of Rent-to-Own Home Deals

The Pros & Cons of Rent-to-Own Home Deals

The Pros & Cons of Rent-to-Own Home Deals

That age-old question when choosing a place to live of rent versus buy actually raises a series of questions. What can you afford? What makes sense for your situation? Can’t I just live with my parents forever? No matter which aspect plagues you most, it seems there is actually a middle ground. Once you know how… Read More

How You Can Get a Mortgage With a 550 FICO Score

How You Can Get a Mortgage With a 550 FICO Score

How You Can Get a Mortgage With a 550 FICO Score

Mortgage credit remains extremely tight, even as the economy continues to recover from the recent housing crisis and recession. About 90% of mortgages originated in 2013 went to borrowers with FICO credit scores of 660 or higher — about 60% of all mortgage borrowers had a credit score greater than 720, according to a recent… Read More

10 States With Stubbornly High Foreclosure Rates

10 States With Stubbornly High Foreclosure Rates

10 States With Stubbornly High Foreclosure Rates

Foreclosure activity in the U.S. was at an eight-year low in the first quarter of 2015, despite an increase in activity in March, according to the most recent foreclosure report from real estate data company RealtyTrac. The number of residential properties with a foreclosure filing — default notice, scheduled auction or bank repossession — decreased… Read More

How a Church Tried to Evict a Woman From Her Home

How a Church Tried to Evict a Woman From Her Home

How a Church Tried to Evict a Woman From Her Home

One doesn’t usually think of a church as the sort of organization that would work to kick a woman out of her home, but that’s what happened to a woman in Springfield, N.J. Donna Maxwell has lived in a trailer there for 28 years, but she hasn’t paid the taxes on it in a few… Read More

How Much Cash Do You Really Need to Buy a Home?

How Much Cash Do You Really Need to Buy a Home?

How Much Cash Do You Really Need to Buy a Home?

Demand for housing remains strong as we enter the spring season, and renters are finding that it may cost them less to buy a home than to rent. But if you don’t have a lot of cash and are looking to purchase your first home this year, you may find that you need less cash… Read More

Do You Have to Get a 30-Year Mortgage?

Do You Have to Get a 30-Year Mortgage?

Do You Have to Get a 30-Year Mortgage?

You have found your dream house and can’t wait to start your new life — but you probably aren’t as excited for the monthly payment part. For many people, becoming a homeowner means taking out a mortgage. But figuring out which mortgage is best for you can be tricky. You will hear a lot of… Read More

The 5 Most Annoying Things About Buying a Home

The 5 Most Annoying Things About Buying a Home

The 5 Most Annoying Things About Buying a Home

When you are looking to enter a new living situation, the rent vs. buy decision can be difficult to make. While your specific situation dictates which option is best for you, many Americans find themselves purchasing a home at least once in their life. In fact, it is likely the biggest financial choice you will… Read More

Show Me More

Find out where you stand.
Get your FREE personalized credit report card.

Sign Up Now
X

Stay Connected to Our Experts

Please submit your email address to get credit & money tips & advice
from our team of 50+ experts, delivered weekly to your inbox.