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5 Tips: Shopping for a Mortgage
Review your monthly spending plan to estimate what you can afford to pay for a home, including the mortgage, property taxes, insurance, and monthly maintenance and utilities. Make sure you save...
A Consumer's Guide to Mortgage Settlement Costs
The mortgage settlement process--sometimes called mortgage closing--can be confusing. A settlement may involve several interested parties and a variety of documents and fees. This guide helps you...
A Consumer’s Guide to Mortgage Refinancings
Have interest rates fallen? Or do you expect them to go up? Has your credit score improved enough so that you might be eligible for a lower-rate mortgage? Would you like to switch into a...
Answers about Reverse Mortgages
Reverse mortgages provide income or a line of credit to homeowners who are 62 or older by allowing them to tap their home equity. The Federal Housing Administration insures 90 percent of the...
Consumer Handbook on Adjustable-Rate Mortgages (ARM)
This website gives you an overview of ARMs, explains how ARMs work, and discusses some of the issues that you might face as a borrower...
Defaulting on Your Mortgage Has Costly Consequences
If you don’t pay your mortgage on time or if your payment is for less than the amount that’s due, you’re in default on your loan. The consequences of default can be costly. The Federal...
Don't Pay to Borrow Your Own Money: The Risks and Costs of Tax Refund Anticipation Loans
Here are ways to take a pass on that RAL— most folks don’t need one—and save money at tax time...
How Much Home Can You Afford?
Providing the information below will allow you to calculate how much you can afford to spend on a home. However, many additional factors play a part in the loan qualification process...
Incumplir el Pago de su Hipoteca Tiene Consecuencias Costosas
Si usted no paga su hipoteca en fecha o si paga un monto menor a su mensualidad, usted incurre en incumplimiento de pago de su préstamo. Las consecuencias del incumplimiento de pago pueden ser...
Información de la FTC para Consumidores
Cuando usted obtiene un préstamo hipotecario, es posible que piense que la entidad de préstamo conservará y administrará su préstamo hasta que termine de pagarlo o hasta que venda su casa....
Interest Only Mortgage Payments and Payment-Option ARMs – Are They For You
Owning a home is part of the American dream. But high home prices may make the dream seem out of reach. To make monthly mortgage payments more affordable, many lenders offer home loans that allow...
Mortgage Servicing: Making Sure Your Payments Count
When you get a mortgage, you may think that the lender will hold and service your loan until you pay it off or sell your home. That’s often not the case. In today’s market, loans and the...
No Pague Por Obtener Un Prestamo Por Su Propio Dinero Los riesgos y costos de los préstamos sobre el reembolso de impuestos anticipado
Cómo ahorrar al preparar la decla rac ión de impuestos Estas son algunas formas de no tener que sacar un préstamo sobre el reembolso de impuestos anticipado y además ahorrar dinero cuando...
Refund-Anticipation Loans can Carry a High Price
Millions of Americans look forward to tax season. They're getting refunds and desperately need that check from the Internal Revenue Service.In...
Reverse Mortgages
If you’re 62 or older and looking for money to finance a home improvement, pay off your current mortgage, supplement your retirement income, or pay for healthcare expenses, you may be...
Reverse Mortgages: Are They for You?
If you are 62 or older, or about to reach that milestone, you may find yourself considering a reverse mortgage to add to your retirement income or meet health care or other financial needs. This...
Some Tips for Consumers Considering a Reverse Mortgage
Are you considering a reverse mortgage? Better look before you leap. While a reverse mortgage could put money in your hands, the transaction is likely to be quite confusing. A reverse mortgage...
What You Should Know About Refinancing
Refinancing is a process in which you pay off one or more existing debts with a new home loan. If you have perfect credit, refinancing is sometimes a good way to obtain a lower interest rate or to...
Why Ask For An FHA Loan?
There are lots of reasons to ask your lender for an FHA loan instead of taking a conventional or an expensive and risky sub-prime mortgage loan. Why not take advantage of the many benefits and...
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