Mortgage Loan Types

FHA short payoff refinancing on a loan can have some negative effects on a person's credit rating. Learn about the negative effect of FHA short payoff refinance on credit rating with help from a…

You can remove FHA mortgage insurance from a loan by completing a few specific steps. Remove FHA mortgage insurance from a loan with help from a certified financial planner in this free video clip.

FHA insurance can be defined in a very specific way. Learn what FHA insurance actually is and how you use it with help from a real estate professional in this free video clip.

Remodeling and increasing the value of your home may change a few things that you normally do. Learn if you can stop paying PMI on an FHA 203K loan after remodeling and increasing the value of your…

Grohe is a company that manufactures various stylish bathroom and kitchen fixtures, including faucets. Like any other faucet, the water flow on a Grohe can be adjusted. Many people think this is a job…

In Colorado, as in other states, you may be able to purchase a home by assuming an existing mortgage in joint tenancy. Usually the joint tenancy form of ownership is used by married couples, but…

A television's refresh rate determines how frequently the television redraws the data on the screen. The higher the refresh rate, the more often the data is drawn, but televisions with high refresh…

As home prices decrease while unemployment and underemployment rise, foreclosures will also increase. In most cases, the homeowner simply can not afford to pay the mortgage anymore. However, there are…

Lenders sometimes send or sell mortgage accounts to other lenders or in some cases, accounts are sold to collection agencies. These accounts are listed on a credit report as transferred, according to…

"Uncharted 2" is a fast-paced multiplayer game that features competitive and cooperative game modes. The co-op arena is a cooperative mode that supports up to three players against a wave of…

Assumption of a property mortgage typically allows the buyer to assume the original loan's interest rate. In addition, the buyer generally picks up where the seller left off in payments, which means…

A yield spread premium is a fee charged by a mortgage broker to a mortgage lender. Higher yield spread premiums are often a result of higher interest rates, which in turn have complications for the…

There has been ample debate over the legality of yield spread premiums, which finally came to a conclusion in April of 2011. However, prior to this conclusion, Congress and the Department of Housing…

FHA loan originators, also called loan officers and correspondents, help applicants through the Federal Housing Administration mortgage application process. Loan originators generally earn some of…

AGA Rayburn manufactures cast iron cookers that provide consumers an alternative way to meet their cooking needs. The cookers have ovens and hotplates that you can control individually through the…

Refinancing is one of the main reasons why a homeowner might want to combine multiple mortgages into one. However, blending a first and second mortgage isn't quite as easy as it might seem. It…

Located in southwest Virginia, Gate City has a rich pioneer heritage, which is reflected in many of its historic homes. Gate City is still a small town with a population of slightly more than 2,000…

When you take out a reverse mortgage, you convert the equity that you have built up in your home into an income stream. As with any mortgage, the lender secures the debt by placing a lien on your…

Cosigners are typically listed on the title of a home when guaranteeing a mortgage. Often, situations arise that make it necessary to remove a cosigner from the title; divorce is one of these…

The only way to completely remove a co-borrower's name from an FHA streamline refinance is to apply for a new FHA streamline refinance mortgage. You may be required to apply for a credit qualifying…

In housing markets where home prices drop after a prolonged period of increase, many people who purchased their homes when the prices were at or near their highest levels can experience negative…

When you get married, you begin to meld your finances, which can mean taking equal ownership -- and responsibility -- for the home. If you bought your home before marriage, it's likely that your name…

Veterans and active duty members of the military have the option to get a home loan backed by the U.S. Department of Veterans Affairs. This loan carries many benefits, but it is still a home loan that…

The Department of Veterans Affairs guarantees mortgages made by approved lenders to members of the military. The VA insures a portion of the mortgage, paying a claim to the lender in the event of…

Since the housing bubble burst in 2007, millions of American homeowners have found themselves struggling to manage their housing expenses. The second mortgage is a particular problem for homeowners…

Mortgage borrowers have various home loan options, and the best loan depends on the borrower's credit history and available cash. FHA mortgage loans do not require high down payments (about 3.5…

The Department of Veterans Affairs administers a nationwide loan program to provide assistance in purchasing a home to those who have served in the military. The Veterans Administration guarantees…

Also known as “co-op advertising,” co-op marketing is the practice of sharing the cost of or exchanging ad space with other products or services. The other products or services may be…

The Internal Revenue Service permits a mortgage interest deduction for not only your primary residence, but also qualifying second homes. By applying this mortgage interest deduction, you can…

Bankruptcy avoidance may have been one of your primary motivators for taking out a reverse mortgage. Now that things are tight again, you should know that bankruptcy is still an option. Having a…

The Department of Veterans Affairs (VA) guarantees mortgages for military personnel and certain relatives of veterans. This government guarantee protects lenders by reimbursing them in the event of…

The Federal Housing Administration insures mortgages through various programs for low- and moderate-income borrowers, those with credit challenges and government or private entities seeking to house…

Combining your mortgage and home equity loan can be a smart financial move or a foolish one. Fortunately, you usually have the option when refinancing to choose to consolidate the loans or keep them…

If you can't pay your second mortgage, you may choose to negotiate a settlement. This involves the lender allowing you to pay only a percentage of the total amount you owe and considering your entire…

Assuming a new mortgage can provide certain tax advantages in your favor as long as you are aware of all the tax consequences related to a refinance loan. Although owing money can actually offer you…

The United States Department of Veterans Affairs (VA) administers the VA Home Loan Program, health benefits, pension benefits and disability benefits programs for U.S. veterans. The VA Home Loan…

If you recently refinanced to remove a co-borrower from your mortgage loan, you can review several documents to determine if the transaction was successful. However, removing the co-borrower’s…

The Federal Housing Administration began in 1934 to help low-income people obtain mortgages. FHA insurance protects lenders against losses when lending to higher-risk borrowers. To fund FHA's…

A deed in lieu of foreclosure is an alternative for a foreclosure that borrowers can use to make the process simpler. Essentially, the borrower signs the title of the home over to the lender, and the…

With a fixed mortgage, the rate of interest you pay stays the same for the length of the fixed period you sign up for irrespective of what happens to the Federal Reserve base rate. While fixing your…

When interest rates dip, many homeowners jump at the chance to refinance their mortgage. Refinancing can cut hundreds of dollars off your monthly mortgage payments if you time it right, and you can…

Seller concessions are a great way to get a buyer into a home if they lack the necessary funds to close. The Federal Housing Administration is popular for its insurance programs, which assist low- to…

A second mortgage holder is entitled to foreclose in North Carolina, but it may not be practical to do so. The first, or “senior” mortgage holder has initial rights to the property, and…

The Federal Housing Administrations, which has helped millions of Americans purchase and refinance their homes despite modest means or credit challenges, offers flexibility for cash-strapped…

The Federal Housing Administration insures affordable mortgages for borrowers of modest means or with credit challenges. Created in 1934 during the Great Depression, FHA remains relevant in difficult…

If you have credit issues and you're looking for a mortgage loan, you might consider an FHA home loan. FHA home loans are guaranteed by the Federal Housing Administration; and because these loans are…

A home appraisal may disclose that you're underwater on your mortgage loan and don't have enough equity to refinance. The term "underwater" refers to owing your lender more than the house's…

When you purchase a home or property with funds borrowed from a lending institution, you have taken out a mortgage. A mortgage is a document registered with the Land Titles Office. It is evidence that…

A second mortgage is a loan on the equity of your home that is secured by the real estate property as collateral. This type of loan may offer lower interest rates than unsecured lines of credit,…

A home mortgage is a loan used to purchase or finance a residential property. The property itself is the collateral on the debt. There are numerous types of mortgages available in the market, however;…