What Are Typical Mortgage Down Payments?
Traditional mortgage down payments have always been 10 to 25 percent of the total purchase price of the property. more
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Applying for a Mortgage after a Bankruptcy
Qualifying for a home mortgage with a bankruptcy on your credit history requires time and money. Yet by understanding the requirements to get a mortgage after a bankruptcy and by carefully rebuilding your credit standing, you can apply for a loan and buy a home.
Your Credit Score
The three main U.S. credit bureaus--Equifax, Experian and TransUnion--maintain your credit history. Using that history, plus its own proprietary equation, the Fair Isaac Corp. calculates your FICO credit score somewhere between 850 and 300 points. Anything above 700 points is good to excellent, with... more
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Mortgages
In addition to mortgage loans for home purchases, there are also other loans available for various purposes that use the home for collateral.
Rates
Mortgage interest rates are determined by credit history strength, the number of points you pay, the size of your down payment and the type of loan program you choose.
Home Buying
Obtaining funding is crucial to buying a home. This requires applying for a mortgage, choosing a house that meets the appraisal standards, and determining the amount of the down payment.
Loans
There are dozens of different types of mortgage loan programs. They have been created to suit the varying needs of homebuyers.
Moving
When making a big move, it's essential to find out as much as possible about the schools, the neighborhoods, the housing costs and the community resources.
MORE MORTGAGE ARTICLES
FHA Loans for a First-Time Home Buyer
FHA (Federal Housing Administration) loans are popular with first-time home buyers. FHA loans are easier to get and have some advantages over conventional mortgages. more
3 Factors that Can Negatively Affect Your Mortgage Application
Many factors can affect your mortgage application and get you denied. Know what factors will hurt you and plan ahead so you can present the best financial picture to the lender. more
- What Lenders Don't Reveal About Home Equity Loans
- Should You Refinance? Make Sure the Timing is Right
- How to Get Approved for an FHA Loan despite Bad Credit
- What To Do When Mortgages Default
- Short Selling a Rental Property
- 3 Warning Signs of Loan Modification Scams
- Appraisal Basics
- Home Equity Loans for People with Bad Credit
- Alternatives to Getting a 2nd Mortgage
- 3 Reasons Banks Reject Short Sales
- FHA Eligibility with Bankruptcy and Foreclosure
- 3 Common Short Sale Mistakes
- Second Mortgages: Advantages and Disadvantages
- Low Down Payment Loan Qualification
The Mortgage101 Blog
Mortgage Delinquencies Decline in Latest Quarter
Fewer homeowners were behind on their mortgage payments in the fourth quarter of 2011, according to the Mortgage Bankers Association, pushing delinquencies to a three-year low. “The total delinquency rate and foreclosure starts rate decreased and are back down to levels from three years ago,” said Jay Brinkmann, MBA’s chief economist and senior vice president for... more