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Mortgage & Refinancing Information

What is an Interest Only Mortgage?


An Interest Only Mortgage is one where the repayments are made up entirely of the interest on the loan. When the mortgage term is complete, the capital originally borrowed is still outstanding.

Guide to Interest Only Mortgages


Here is a useful guide to interest only mortgages. An interest only mortgage is one where your regular payments only go to pay off the interest on the money you borrow.

What is a Tracker Mortgage?


A tracker mortgage 'tracks' the Bank of England base rate, meaning your mortgage stays in line with interest rates and the market in general. The result on your monthly mortgage interest payments is that they go up when the base rate goes up and go down when the base rate goes down.

Bad Credit Loans Authenticate What Is Positive About Bad Credit


This might not be the front page news but it is now out in the open! 'Bad credit is getting loans - all kinds of loans'. Lending institutions, banks and other financial constitutions are coming forward to provide loans for bad credit.

Key an Eye on Your Mortgage Payments


In previous decades, when a borrower missed a payment on a mortgage, the lender would often consider them one month behind until they eventually caught up. Most lenders would impose a late fee and other interest or penalties, tacking them onto the back end of the loan as long as the lender stayed current with the rest of their payments.

The Truth About Shopping for Mortgage Rates


With so much lender advertising focusing just on rates, you may not be aware of the importance in choosing an experienced, reliable loan professional who can match you with the appropriate loan program. Good loan officers and mortgage brokers may quote today's rate when asked, but they will quickly add they need to know more about you to determine the best program for your individual situation.

Choosing a Mortgage Lender


Just as there are many types of mortgages and mortgage deals to choose from, there are also many sources where you can go to get a mortgage. Your key choices are to use a mortgage broker, a more general financial adviser, or shop around yourself and go direct to the mortgage lender.

What is a Fixed Rate Mortgage?


As the term implies, with a fixed rate mortgage the mortgage rate is fixed for a set period of time, so no matter what movements occur in the lender's standard variable mortgage rate, the borrower's arrangement is fixed and, therefore, so are the monthly fixed rate mortgage payments.A fixed rate mortgage would suit someone who likes to know where they stand.

What is a Self-Employed Mortgage?


Self-employed mortgages, as the term implies are mortgages designed for those that are self-employed. Traditionally it's been more difficult for the self-employed to get mortgages.

What is a Capped Mortgage?


A capped mortgage is a variable rate mortgage with a capped limit beyond which the rate paid will not exceed.Mortgages are available in a number of different interest rate options, one of which is the capped rate.

Sub-Prime Mortgage Loans - Things You Should Know About Sub-Prime Mortgages


Sub-prime mortgages are not that much different from average mortgages. They have interest rates, points, and fees.

Buying a Home With Bad Credit - Tips on Finding the Right Broker or Lender


You can buy a home with a bad credit record; you just need to find the right mortgage financing package. Before you sign up with the first company that offers you a loan, remember to research offers to be assured you are getting a fair deal.

Financing a Home With Bad Credit


Financing a home with bad credit is a common problem for people. Over 25% of homes in the US are financed through sub prime lenders, who offer financing to high-risk borrowers.

Bad Credit Mortgage Lenders - Things You Should Know About Subprime Lenders


Interest rates and fees vary between subprime lenders just like regular mortgage lenders. Just because you have bad credit, that doesn't mean you should accept the first financing offer from a subprime lender.

Bad Credit Refinance Loans - Finding a Good Lender


Finding a good lender to help you with refinancing your home loan can be tricky if you have bad credit. There are plenty of predatory lenders out there who would like to take advantage of you with excessively high interest rates and fees.

More Articles from Mortgage & Refinancing Information:
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MORE RESOURCES:

USA TODAY

Pros and Cons of a Mortgage Refinance
FreeRateUpdate.com
Many homeowners are jumping on the opportunity to save money with a mortgage refinance at the current low mortgage rates. With mortgage rates at historically low levels, some homeowners have refinanced more than once in the past several years which is ...
Who Qualifies for the $26 Billion Foreclosure Settlement?TIME
What $25 billion mortgage settlement will and won't do for homeownersThe Seattle Times

all 3,663 news articles »


Lenders say mortgage refinance deal will bolster Manatee market
Bradenton Herald
By JOSH SALMAN - jsalman@bradenton.com MANATEE -- A new refinance program to help underwater homeowners will uplift the local economy by putting extra cash into the pockets of those who will spend it, area lenders predict. The deal struck with five of ...

and more »


Mortgage-refinance bill a dangerous deal
Arizona Republic
by Robert Robb, columnist - Feb. 10, 2012 12:00 AM State Sen. Michele Reagan wants to help out underwater homeowners in the worst way. And she has succeeded with SB 1451 -- it's hard to imagine a worse bill. Reagan proposes to establish a state agency ...

and more »


Housing Wire

Obama pressures Congress on mortgage refinance program
Fox News
WASHINGTON – President Obama is rallying support for his plan to expand government assistance to homeowners, pressuring Congress to help lower lending rates for millions of strapped homeowners. Obama, in his radio and Internet address Saturday, ...
President Obama's Mortgage Refinance Plan Just a Bid for VotesYahoo! Contributors Network
Obama Unveils Mortgage Refinance EndeavorsMortgageorb
New Obama mortgage refinance plan to near $10 billionHousing Wire
Go Banking Rates -CBS Moneywatch -MarketWatch
all 1,239 news articles »


MonitorBankRates.com

Mortgage Refinance Rates: 15 Year Refinance Mortgage Rates at 3.29%
MonitorBankRates.com
Mortgage refinance rates on 30 year conforming home loans are averaging 3.98%, unchanged from yesterday's average 30 year mortgage refinance rate. Mortgage refinance rates today on 15 year home mortgage loans are averaging 3.29%, down from yesterday's ...

and more »


Los Angeles Times

Details emerge on Rep. Buck McKeon's Countrywide loan
Los Angeles Times
Howard “Buck” McKeon received a $315000 mortgage refinance in 1998 on preferential terms, congressional investigators allege. (J. Scott Applewhite, Associated Press / February 3, 2010) By Abby Sewell and Catherine Saillant, Los Angeles Times Four years ...



Fox News

Obama Proposes Mortgage-Refinance Plan
Wall Street Journal
By NICK TIMIRAOS President Barack Obama called on Congress during Tuesday's State of the Union address to approve new legislation that would give all homeowners who are current on their mortgages the opportunity to refinance at record low mortgage ...
Will Obama's Mortgage Refinance Plan Be D.O.A.?U.S. News & World Report
Obama proposes mortgage refinance programPolitico (blog)
Obama proposes new mortgage refinance programHousing Wire
Daily Caller
all 314 news articles »


Harney: Reviewing Obama's mortgage refinance plan
The Seattle Times
Though it was pronounced dead-before-arrival by opponents on Capitol Hill, President Obama's new mortgage-refinancing package contained... By Kenneth R. Harney Mortgage refinancing is an outstanding plan particularly as the home mortgage rates are.

and more »


International Business Times

FOX 11 News Discussion: State of the Union
MyFox Los Angeles
And he aimed a pitch at homeowners, announcing a new mortgage refinance program with "historically low interest rates" that "gives every responsible homeowner the chance to save about $3000 a year on their mortgage." He added, "A small fee on the ...
Winning Words, But Not a WinnerU.S. News & World Report
Obama State of the Union 2012: Mortgage Refinance Changes Face ObstaclesInternational Business Times

all 12,250 news articles »


CBS Local

Six Questions on Obama's Mortgage Refinance Proposal
Wall Street Journal (blog)
By Nick Timiraos President Barack Obama said Tuesday night in his State of the Union address that he would send a plan to Congress to allow all homeowners who are current on their mortgages to refinance. Here's a quick look at the proposal: How is this ...
Obama plan could help refinance Bay Area mortgagesSan Francisco Chronicle

all 19 news articles »

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