Everything you need to know about home loans in one place. Use our "frequently asked questions" section to learn everything about mortgages, refinancing, home equity lines of credit and more.
If you own an investment property, you might be wondering whether you can refinance it like your primary residence. The answer is yes-- but it might be somewhat more expensive to do. Since investment property home loans are considered high-risk than primary home loans, you may have to jump through a few hoops to get a lender to go through with your refinance.
Read MoreJust like finding a mortgage broker or mortgage banker, finding a mortgage consultant can start online or in the fleshy real world. Check out your favorite bank first to see if they have a Certified Mortgage Consultant on staff. Many banks provide access to these professional consultations for free if you’re interested in a mortgage loan. If you want to look at mortgage brokers who have on-staff consultants, your Realtor may be your best resource. There are lots of small brokerages, so digging through their websites to see what job titles are in their offices can be real drudgery.
Read MoreA 7/6 ARM is a hybrid adjustable-rate mortgage with a fixed-rate period of seven years. Unlike its cousin, the 7/1 ARM (which has one-year adjustment periods), the interest rates on a 7/6 ARM can be adjusted once every 6 months during the variable-interest part of the loan.
Read MoreYes. These programs assist with providing funds for down payment, closing costs, prepaids, principal reductions, and/or repairs. How much you get depends on whether you qualify, the area median income, and home prices.
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