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.

What You Can Learn From Those Real Estate TV Shows

What You Can Learn From Those Real Estate TV Shows

What You Can Learn From Those Real Estate TV Shows

It seems that no matter who you bump into at a party or see on the street, everyone can discuss HGTV and those homebuying or home improvement shows. These television shows are so widely appreciated because almost everyone has to buy, sell and maintain a home of their own or rental property in their lifetime. But,… Read More

Help! I Lost My Job While I Was Buying a Home

Help! I Lost My Job While I Was Buying a Home

Help! I Lost My Job While I Was Buying a Home

Losing a job is tough enough. But what do you do if you find yourself out of work when you’re weeks or even days from closing on your dream home? Brutal. But it happens. Employment isn’t a requirement for getting a home loan – just ask retirees. The issue is ensuring there’s stable, reliable income… Read More

Baby Boomers Beware: You May Need a Birth Certificate to Buy a Home

Baby Boomers Beware: You May Need a Birth Certificate to Buy a Home

Baby Boomers Beware: You May Need a Birth Certificate to Buy a Home

In the compliant world of securing a mortgage these days, explanations and full supporting documentation are now considered to be the ‘norm’. Lenders must validate that a borrower really is who they say they are. One way a mortgage lender verifies a borrower’s identity is by their Social Security Number. But there’s a catch. If… Read More

Can I Actually Rent-to-Own a Home?

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

Jeffrey Dahmer’s Childhood Home for Sale: Any Takers?

Jeffrey Dahmer’s Childhood Home for Sale: Any Takers?

Jeffrey Dahmer’s Childhood Home for Sale: Any Takers?

There’s a lovely three-bedroom, three-bath home for sale in northeast Ohio listed at a reasonable $295,000 — for its size (2,170 square feet), it’s slightly more expensive than the median $120-per-square foot home value in the U.S., at $136 per square foot. The ranch-style home has all sorts of charming touches: It’s situated in the… Read More

What Kind of Mortgage Is Right for You?

What Kind of Mortgage Is Right for You?

What Kind of Mortgage Is Right for You?

When you need to borrow money, you want to be sure you are doing so wisely. Knowing your options and understanding the strategy and consequences of each can prepare you to make the best possible decision. It’s a good idea to determine the right mortgage loan for you by analyzing your budget with a mortgage… Read More

What to Look for When Buying a Home

What to Look for When Buying a Home

What to Look for When Buying a Home

Price? Check. Number of rooms? Got it. Location? Think so. When you are shopping for a home, there are so many things to consider that it can be hard to keep track of them all. As you determine how much home you can afford and which type of home you want, remember to consider what… Read More

Are You Financially Ready to Buy a House?

Are You Financially Ready to Buy a House?

Are You Financially Ready to Buy a House?

One way to gauge if you are financially ready to buy a home is to ask yourself the following four questions: 1. Is My Credit in Good Shape? Before lenders approve a home loan, they will analyze your ability to repay it. To make this determination, lenders will obtain your credit report from one or… Read More

The Most Expensive Home in America

The Most Expensive Home in America

The Most Expensive Home in America

At the moment, the most expensive property on the market is a $139 million palace in Broward County, Fla. What does one get for that hefty sum, you ask? Plenty. The place is practically a giant jewelry box, given all the gold it contains, starting with the 13-foot, 22-carat gold leaf gate, according to a… Read More

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