Mortgages

More in Mortgages

How Treasury Yields Affect Mortgage Interest Rates

Treasury yields are related directly to mortgage interest rates, which affect home buying and refinancing decisions. Yield is the ratio of annual interest payments to current market price, expressed as a percentage. Treasury yields are a function of monetary policy and general ...

How a 100 Percent Home Equity Loan Works

A 100 percent home equity loan allows you to take cash from your home up to its full fair market value, or FMV, minus the balance of your first mortgage. It's a second mortgage, as it is recorded in back of your primary mortgage. A 100 percent equity loan uses your home as ...

How to Get a Refund of Mortgage Insurance Premiums

Mortgage insurance is designed to protect the financial interests of lenders and mortgage investors in the event that you default on your loan. Typically, you pay for the insurance with an upfront premium and monthly charges that form part of your mortgage payment. In some ...

Are Surviving Children Responsible for Mortgages?

In most cases, children are not obligated to pay a deceased parent's debt. However, if the child wishes to keep a home with a mortgage, the child may be responsible for making the payment. Even if the child isn't directly responsible, the estate is often required to satisfy ...

How to Buy Short Sale Homes on FHA

Buying a short sale home has become a little easier as of 2012, as lenders have loosened the reigns in the often drawn-out short sale approval process. Short sales became the preferred way of disposing of bad assets when they surpassed bank foreclosure sales and accounted for 25 ...

How Do Equity Accelerators Work?

The majority of Americans use 30-year mortgages to finance the purchase of their primary residence. With a 30-year mortgage, the overwhelming majority of the monthly payment goes toward interest. After five years, the typical 30-year loan still has 97 percent of the principal ...

What Is a Shortage in My Mortgage?

When you obtain a mortgage, you sign documents that list your monthly principal and interest payments. However, if your lender pays your property taxes and homeowner's insurance, you will pay additional money each month into an escrow account. When the term "shortage" ...

Can I Pay Home Insurance Directly and Not With Escrow?

If you're considering a new mortgage or shopping around for insurance, you might wonder whether you can pay your homeowner's insurance premiums directly without using a mortgage escrow account. The answer often depends upon your situation, but even when you can pay your own ...

Are Home Appraisals a Tax Write-Off?

Home appraisals, for owner-occupied home purchases or refinancing purposes, are not a tax write-off. If the home appraisal is completed for a charitable donation of a house, it becomes tax deductible as part of the value of the property donated. If you've had a serious casualty ...

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