Looking for a mortgage?

This week we have questions about hybrid ARMs vs fixed rate mortgages and what a prepayment penalty is.

This week we have questions about why you may not always receive the best mortgage rate, and if its ok to get an adjustable rate mortgage with a teaser rate. Read More

This week we have questions about buying a home in the down economy, and whether to pay off student loan debt or pay down your mortgage. Read More

This week we have questions about moving up to a larger house with an uncertain future, and putting away inheritance money till your ready to buy a home. Read More

This week we have questions about how much credit card debt will affect your chance of a good rate, and refinancing to pay off your debt. Read More

This week we have questions about buying a house before prices recover and what do when your house get cut and you can't afford your payments. Read More

This week we have questions about getting a loan modification to prevent foreclosure and buying a home before you feel you are ready. Read More

This week we have questions about lenders explaining fees and if you should be skeptical of unfinished mortgage forms. Read More

This week we have questions about negotiating points to lower your mortgage rate and whats involved in getting a shortsale offer approved. Read More

This week we have questions about waiting to see what happens with mortgage rates and is it a good time to update your home. Read More

This week we have questions about your options when your mortgage is underwater and the consequences of "walking away" from your home. Read More

This week we have questions about what to do if you believe you are headed towards foreclosure and requirements for getting an FHA loan. Read More

This week we have questions about refinancing to a 15 year FRM vs. a 30 year FRM and the differnce between a deed of trust and a mortgage. Read More

This week we have questions about waiting to buy a home till your financially ready and should you buy before rates begin to go up again. Read More

This week we have questions on if its ok to ask a seller about about paying some of the closing costs and what to do if you want to buy a house but do not have a lot of available cash for a downpayment. Read More

This week we have questions about getting assistance when placing a downpayment on a house and how to avoid foreclosure scams. Read More

This week we have questions about taking a home equity line of credit to pay off credit debt and using a home equity line of credit to buy a vehicle. Read More

This week we have questions about how mortgage quotes can vary even with the same rate and deciding between an ARM and a Fixed Rate Mortgage. Read More

This week we have questions from first-time homebuyers about downpayments and special programs for the first-time mortgage buyer. Read More

This week we have questions about refinancing to get rid of debt, what is a HELOC and rolling your HELOC into a refinance. Read More

Choosing between riding the rates roller coaster in search of the lowest mortgage rates or locking in a comfortable rate can depend on your capacity for tolerating risk. Read More

This week's fearbusters explain your housing expense to income and debt to income ratios. These ratios are part of the process used to qualify borrowers for mortgage loans. Read More

This week we have questions about mortgage rates and refinancing, paying points, and community homebuyer programs. Read More

I'm underemployed and need to reduce my mortgage rate and payments. I'm not sure I can qualify for a refinance. Current mortgage rates can help me afford my monthly payments. What other options do I have? Read More

I'm buying my first home, and have to say I'm totally shocked at all of the extra costs. What the heck is mortgage insurance? I already thought I was paying for home insurance, so why am I paying for mortgage insurance? Read More

I've been really bummed about missing out on the tax credit for new home buyers, but my brother (who wants me out of his condo) tells me it's been extended, and that even people who already own homes can get it. What's the deal? Read More

I am really discouraged by how much it costs to buy a home and get a home loan. Even with mortgage rates so low , I've learned that mortgage insurance doesn't protect me, only the lender. What exactly is mortgage insurance, and why do I have to pay for it? Read More

My husband and I are arguing about whether or not to buy a house. He says this is the time, because of all time low rates. I think we need to save more, as we have only enough saved for about 5% down. Don't banks and mortgage lenders expect a larger down payment? Read More