Mortgages Videos

A reverse mortgage is based on the age of the youngest borrower, so an older person can be added easily. Find out why adding a younger person's name to a reverse mortgage may result in having to...

A 100-percent mortgage can be obtained from different lending institutions, which can be researched on the Internet. Get a 100-percent mortgage, or a federal loan at 97 percent, with tips from a...

Federal housing authority, or FHA, is a federal loan given to first-time home buyers as a mortgage. Get access to an FHA loan when buying a first home with tips from a licensed mortgage broker in...

In order to obtain a loan without private mortgage insurance, a person needs to have the balance of the loan percentage at 80 percent or below. Avoid paying private mortgage insurance, or PMI,...

A second mortgage basically means that there is a loan in second position that has been obtained at a local bank or from a mortgage broker. Get a second mortgage, but only pay taxes or insurance...

A wraparound mortgage is a mortgage obtained from a seller wrapping around the existing mortgage on a property. Come to terms on a purchase price and rate when getting a wraparound mortgage with...

In order to get out of a mortgage default, most lenders will work with the borrower, but a person may need a hard equity loan. Get out of a mortgage default or sell the property with tips from a...

The fastest way to get rid of private mortgage insurance is to reduce a mortgage balance less than 80 percent. Pay the lender for a PMI with money, from a second loan or local lenders, with tips...

As far as mortgages go, the government loans are most likely the cheapest ways to move out of your parents' house. Ask mortgage brokers about federal housing loans (FHA) loans with tips from a...

A mortgage broker can start a business by seeking legal counsel, getting incorporated and paying a state for licensing and overall setup. Start a mortgage broker business to make more money with...

A mortgage broker can start a company by seeking legal counsel, getting incorporated and paying a state for licensing and overall setup. Start a mortgage broker business to make more money with...

Becoming a commercial mortgage broker requires obtaining a license by passing a written exam and a class. Discover how a commercial mortgage broker differs from a residential mortgage broker with...

A mortgage broker is a person who basically brokers a loan between a lender and a borrower. Discover if a state requires a license to become a mortgage broker with tips from a licensed mortgage...

Closing costs on mortgages are based on the loan amount, in addition to taxes on the deed and the note. Calculate closing costs on a mortgage, which include broker fees, lender fees and courier...

In order to calculate monthly mortgage payments, a person needs to have the numbers for amortization, the rate and the loan amount. Calculate monthly mortgage payments by using an online mortgage...

Calculating mortgage payments for a home requires information on interest rates, amortization and the loan amount. Calculate monthly mortgage payments by using an online mortgage calculator with...

In order to figure out mortgage payments, a person needs to have the numbers for amortization, the rate and the loan amount. Calculate monthly mortgage payments by using an online mortgage...

Provide credit reports to lenders to find a good mortgage lender with the best rates, best terms and least amount of points. Find a good mortgage lender and have a credit score ready with tips...

Mortgage calculations are based on amortization, rate and loan amount, which determine a mortgage payment. Plug three numbers into a mortgage calculator with tips from a licensed mortgage broker...

In order to understand how mortgage companies work, it's important to know the difference between local banks, correspondent lenders and mortgage brokers. Discover how mortgage rates differ and...

Mortgage points are up-front charges for a loan that a lender charges a borrower to reduce a rate. Discover how mortgage brokers charge points with tips from a licensed mortgage broker in this...

Mortgage rates show what it costs to borrow that money, and they are related to a person's credit score. Discover how good credit scores equal low mortgage rates with tips from a licensed mortgage...

A balloon mortgage is like a regular mortgage, except that it is due within a specified period of time. Discover how balloon loans are generally paid off in five years or less from a licensed...

In a balloon mortgage, the payment is due within a specified period of time that is usually no less than one year and no more than five years. Make monthly payments on a balloon mortgage with tips...

A mortgage short sale is when a lender agrees to discount the loan on a mortgage when someone is in default, or for other reasons. Learn how a mortgage short sale is a good alternative to the...

Private mortgage insurance is added onto a loan when the borrower cannot provide a 20-percent down payment, as the lender takes a higher risk in this situation. Pay private mortgage insurance when...

When a mortgage payment is missed, the best thing to do is to keep an open line of communication with the lender, as the missed payment can often be negotiated over a several-month period. Call...

Mortgage escrow refers to the amount of money that the lender has set aside for taxes and insurance, and the escrow is added on top of the principal and interest for each monthly payment. Discover...

Mortgage interest is calculated in two different ways, one being a principal and interest mortgage, which is a set rate payment method, and the other being an interest-only mortgage, where the...

Mortgage payment can be manipulated to the homeowner's favor, as using a biweekly payment program can cut a 30-year loan down to 23 years, saving seven years worth of interest. Make an extra loan...

Stopping a foreclosure with CitiMortgage, or with any mortgage lender, involves paying off the delinquent payments or using a loan modification method to renegotiate the loan terms. Avoid...

Mortgage companies make a profit through junk fees, which are things like underwriting fees or document prep fees. Discover how mortgage companies make money on the secondary market with help from...

Mortgage companies are regulated by the federal government and through state policies. Find out how a state can regulate who makes loans with help from a financial specialist in this free video on...

The way banks determine the lendable equity for a second mortgage is with a loan to value calculation. Discover why a bank may only offer 90 percent or less of the original loan amount on a second...

If a second mortgage is taken out, the borrower has borrowed into a large portion of their equity in the property. Leave a cushion in equity for paying off debts or making home improvements with...

There are two basic ways to go when choosing a lender to refinance a mortgage, including going directly to a lender or working with a mortgage broker. Use a mortgage broker to expand options with...

When dealing with APR mortgage insurance, remember that APR stands for annual percentage rate and that the APR is the cost of borrowing money on an annual basis for a mortgage. Find out how...

Two specific types of mortgage insurance include PMI, or private mortgage insurance, and the government-backed MI. Find out why MI costs a half to a third of what private mortgage insurance can...

If someone defaults on a second mortgage, the process is basically the same as with the first mortgage. Discover how a lender can foreclose on a second mortgage default with help from a financial...

In order to acquire a mortgage from a bank or mortgage company, a person needs a verifiable income source. Find out how insurance policies can protect a person from a work-related injury with help...

If someone has a low credit bureau score, they are more than likely going to get a government back loan. Find out how different factors at lower credit scores can get someone to refinance with...

Mortgage rates fall when the federal reserve lowers their rates to lend money to banks, in turn creating lower first mortgage rates for borrowers. Get a loan when mortgage rates are low with...

Making mortgage rate predictions is difficult to do, but several pieces of data are analyzed, and the Federal Reserve is monitored to figure out when rates will be low. Find out how mortgage rates...

Refinancing a first and second mortgage together is a simple process that is quite similar to a first mortgage refinance, but the two loans are combined to get a better overall interest rate....

Finding a low interest rate on a 30-year fixed mortgage is best done by consulting with a financial adviser or credit union who can compare interest rates between many different lenders. Find out...

To compare mortgage rates, talk with various lenders, consider a shorter term loan to negotiate better interest rates, and get several quotes from a least a few different lenders. Find the best...

Fixed mortgage rates can be low in times of economic crisis, so refinancing to get a lower rate or to shorten the term of the loan is best done during slow economic times. Shop around to find a...

Negotiating low mortgage interest rates can be done by refinancing with your existing lender, as they will work to keep your business. Get tips on lowering an interest rate with advice from an...

Getting a low home mortgage interest rate is possible by being one of the best qualifying customers, which requires paying bills on time, having a high credit score and having job stability. Get...

Comparing low mortgage rates with no down payments involves finding an FHA loan, which only requires a 3 percent down payment, and weighing the benefits and drawbacks with a higher down payment...