By Maria Hinerman
Feb 7, 2014Divorce can not only be emotionally painful, but it can also affect your finances. All shared accounts and co-signed loans suddenly become the cause of major issues, especially large loans and mortgages. And it is how you handle these financial obligations...
Read MoreBy Marina Locks
Nov 7, 2013Do you know what the difference is between Interest Rate and APR? These two items are key terms to know when researching mortgage loans. Here are their definitions: Interest rate is the rate at which interest is paid by borrowers for the use of money that...
Read MoreBy Marina Locks
Oct 10, 2013Definition What is the LTV on a home? The Loan to Value Ratio (LTV) calculates how much equity you have in your home. Equity is the difference between your home’s fair market value and the balance you owe on the property. It is important because it helps...
Read MoreBy Marina Locks
Sep 11, 2013Government Insured Conventional loans are not insured or guaranteed by the federal government. This mortgage type adheres to the guidelines set by Fannie Mae and Freddie Mac. FHA loan is one of several government-insured/backed loans. Credit Score Having a...
Read MoreBy Marina Locks
Jul 24, 2013If you have not been able to get traditional refinancing because the value of your home has declined, and you’re not behind on your mortgage payments, you may be eligible to refinance through the “Home Affordable Refinance Program.” Definition The Home...
Read MoreSubscribe to get the latest articles delivered to your email!