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Know Your Option ARM Choices Well - Like a chainsaw, these new and popular adjustable mortgages can be useful or harmful, and the risk is borne entirely by the user. Avoiding Foreclosure-Rescue Scams - The convergence of economic and political forces may soon bring about a home-equity version of the stock market crash of 1929 How Much do you Know about Home Equity? - Take this quiz to see if you understand how home equity loans and lines of credit work. 7 Tips About Foreclosure from the National Consumer Law Center - Avoid slick sales talk and seek advice from your lender if you find yourself in a bind. Mortgage Pre-Approvals Not Worth the Paper - Brokers complain the information isn't verified, and is often inaccurate. To Consolidate Mortgages or Not? - If you're not going to save on the interest rate, Dr. Don asks, why bother? It's "Buyer be Ware" on Sub Prime Loans - Just because they'll lend you money doesn't mean they're not trying to get all you have. Mortgage Limit Soars to $417,000 - Reflecting a national increase in housing values, mortgage financiers sharply raised the dividing line between conforming and more-expensive jumbo mortgages. Mortgage Mess Nixes Retirement Mess - You should get that second mortgage paid off as quickly as possible, says Dr. Don. Where to Find Sub Prime Lenders - You've been turned down for a mortgage by all the corner banks. Where do you go from here? How to Finance a Second Home - You have pretty much the same options as for your primary residence, says Dr. Don. Basic Mortgage ande Loan Quiz - Think you have a grasp of what it takes to get a mortgage or other loan? Our quick five-question quiz will let you know. Paying Mortgage Points A Primer - How do you decide whether it makes sense to do so? Should you pay points on an adjustable mortgage in today's rate environment? 20 Signs of a Bad Loan - Even if you're desperate, avoid loans that offer these kinds of deals. Keep the Mortgage or Pay Off the House? - Should you use your nest egg to pay off the mortgage or keep the tax deduction? Bankrate does some eye-opening math to help you with retirement questions Pros and Cons of Reverse Mortgages - They charge steep upfront costs and may interfere with Medicaid eligibility, but seniors are relying on them more than ever. 7 Smart Mortgage Moves for 2007 - Mortgages and real estate changed dramatically in '06. Have you learned the lessons well enough to apply them in '07? Escaping an Underwater Mortgage - A combination of rising mortgage interest rates and falling home values could plunge thousands of homeowners underwater -- owing more than the homes are worth. We look at the options for those borrowers. Understanding Equity Accelerator Mortgages - It's a mortgage, and a home equity loan, and it's another hot new loan product. But is it any good? Low Credit Score Means High PMI - More than your mortgage rate will go up with a bad credit report. Your private mortgage insurance rate will jump, too. 5 Ways to Tame Your Line of Credit Payment - Home equity line of credit payments have been skyrocketing, but the worst may be over, and if the payment pain is too great, you have other options. Do You Need a Mortgage Fixer? - The title guy and the lender are supposed to do their jobs so your closing is on time. But what if they don't? Feds Ask: Is that Mortgage Good for You? - Consumers too often get home loans that are too risky, and federal regulators are wrestling with the question of who should say "no" to misguided mortgage-hunters. Finding a 40 Year Mortgage - They're a bit harder to find than their 30-year cousins, but a credit union or mortgage broker should help, says Dr. Don. |
