A Guide to Shopping for a Mortgage Online

Mortgages

A Guide to Shopping for a Mortgage Online

A Guide to Shopping for a Mortgage Online

Ron Milman of Alpharetta, Ga., refinanced his mortgage in early 2015. He says he saved money, closed quickly, and except for one quick trip to a local bank to meet a local attorney to finalize paperwork, he never left his home office. Working strictly online and by phone, he says getting his mortgage online was… Read More

Govt & One of Nation’s Largest Mortgage Lenders Sue Each Other

Mortgages

Govt & One of Nation’s Largest Mortgage Lenders Sue Each Other

Govt & One of Nation’s Largest Mortgage Lenders Sue Each Other

The U.S. government filed a lawsuit against Quicken Loans, one of the nation’s largest mortgage lenders, for allegedly improperly originating and underwriting Federal Housing Administration (FHA) home loans, the Department of Justice announced April 23. The Detroit-based lender closed $140 billion in mortgages from 2013 through 2014 and is the nation’s largest FHA mortgage lender,… Read More

5 Steps to Getting a VA Loan

Mortgages

5 Steps to Getting a VA Loan

5 Steps to Getting a VA Loan

Millions of veterans and active military members are eligible for what’s arguably the most powerful mortgage option on the market. VA loans feature $0 down payment, no mortgage insurance and more flexible and forgiving requirements. To be sure, VA loans aren’t the answer for every veteran. But they continue to make a huge difference, especially… Read More

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

Mortgages

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

Do You Have to Get a 30-Year Mortgage?

Mortgages

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

4 Non-Banks Where You Can Get a Mortgage

Mortgages

4 Non-Banks Where You Can Get a Mortgage

4 Non-Banks Where You Can Get a Mortgage

Getting a home loan doesn’t require a trip to the bank. In fact, 37.5% of mortgages originated in 2014 came from non-bank lenders, according to Inside Mortgage Finance. That share has grown significantly in the last few years, but it’s not a new concept. Non-bank lending declined dramatically during the mortgage crisis, but the current… Read More

7 Expensive Mistakes New Homeowners Make

Mortgages

7 Expensive Mistakes New Homeowners Make

7 Expensive Mistakes New Homeowners Make

Whether you’re part of the 1% or the 99%, a house is likely the biggest single purchase you’ll ever make. Unfortunately, plenty of people make dumb mistakes when buying a house, mistakes that could cost tens of thousands of dollars in extra interest or, worse, saddle them with a home they can’t afford and can’t… Read More

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