How to Use a Home Equity Loan to Fund a Major Renovation Without Regret
46% of homeowners tap equity for renovations, but many end up with more debt than planned. Here's how to avoid that trap.
Benefits of a Short Sale Over Foreclosure
There are many benefits of a short sale instead of a foreclosure, both for homeowners and – surprisingly- for lenders as well.
House Investment Characteristics
Housing prices are depressed and interest rates are near an all-time low. For many people, these conditions suggest that now is the time to invest their savings into residential real...
Reducing Mortgage Closing Costs: a Quick Guide
Buying a home is a process. After finding the right house and getting the loan started comes the mortgage closing. With paper upon paper filled with legal jargon, it is...
Federal Programs for Mortgage Relief and Refinancing
In 2010, for the first time in history, there were more than 1 million foreclosures in the United States. Foreclosure is a devastating experience for the homeowner and an undesirable...
Conforming Mortgage in the U.S. Today
In basic terms, a conforming mortgage is a home loan that Freddie Mac and Fannie Mae would buy due to the fact that the mortgage meets these two agencies’ dollar...
US Cities with the Highest Foreclosure Rates Since 2007
It seems mortgage lenders have decided to lift the self-imposed foreclosure moratorium, which slowed the rate of foreclosure litigation. In October 2010, lenders drastically curtailed foreclosure filings after receiving significant...
Selling a House in a Short Sale Process
Selling a house in a short sale is a positive alternative to foreclosure, better for both the homeowner and the lender. A short sale involves the sale of a home...
Buying a Home in a Short Sale Process
Buying a home in a short sale can be a great way to get a bargain on a new home. Short sales occur when a homeowner who would otherwise be...
How to Refinance an Underwater Mortgage: A Quick Guide
If you owe more on your home mortgage than your house is worth, you are in a difficult position. Referred to as being “underwater,” you can’t sell your house in...
Foreclosure Process: What to Expect
mortgage is a secured debt, which means the home acts as collateral for the mortgage loan. When you fail to pay your mortgage, the mortgage lender can take the collateral...
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Financial Checklist Before You Buy a House
Creating a financial checklist before you buy your home is crucial. It's important to make sure you have all your finances in order before doing anything.
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3 Areas to Scrutinize On Your Good Faith Estimate For Your Mortgage
The law helps you know what you agree to by mandating that lenders provide certain disclosures, like requiring lenders to provide a good faith estimate.
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Is It Time to Your Change Broker?
The best way to pick a broker or a financial advisor is to use one that is referred to you by friends. They generally have gone through the test of time.
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Figuring Out How Big a Mortgage You Can Afford
Today, mortgage lenders use a calculation of how much income a person has poor paint off their mortgage debt, some still use ratios others avoid them.
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What is APR?
What is APR? The APR, or annual percentage rate, determines just how much you pay overall for the privilege of borrowing money.
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Using SunTrust Mortgage to Refinance Your Home
SunTrust Mortgage offers several ways to refinance your mortgage so you can keep and enjoy your home.
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