Mortgages

More in Mortgages

How to Use a 401(k) as a Reserve for a Mortgage

en you secure a mortgage for a personal residence or investment property, your lender will require a large amount of personal information, including your credit report and history, your employment information and the value of your assets – specifically your liquid assets. ...

How a 100 Percent Home Equity Loan Works

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 ...

Legal Mortgage Vs. Equitable Mortgage

mortgage isn't a loan. It's actually the security document that protects your bank's rights under your loan. In a mortgage, you give the bank a right to your house or other building -- but that comes into play only if you don't make your payments. Mortgages are legal documents ...

How to Buy Short Sale Homes on FHA

ying 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 ...

Can I Pay Home Insurance Directly and Not With Escrow?

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 ...

How to Use Land as Collateral for a Secured Loan

od collateral can make or break your loan request. Developed real estate is a highly desirable form of collateral. Vacant land, on the other hand, is a riskier proposition. To use the land as collateral, you have to convince the lender that the undeveloped acreage is worth ...

How Treasury Yields Affect Mortgage Interest Rates

easury 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 ...

Do Mortgage Borrowers Have to Be on the Title Deed?

gally, at least one borrower must be on the title deed to qualify for a mortgage loan. However, most mortgage lenders prefer that all borrowers appear on the title. For those mortgage programs that permit non-occupant borrowers, this lender preference is typically waived. ...

How Do Equity Accelerators Work?

e 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 ...

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