Mortgages Archives

How to Find a Mortgage Deduction's True Value
By: Jeff Brown

Almost everyone knows the interest-rate tax deduction is a key benefit to carrying a mortgage.But maybe it’s not worth as much as you think, especially if your income is no more than modest. Rarely, if ever, does the deduction justify taking on a bigger debt. Read more»

How to Get a Mortgage With Only 3.5% Down
By: Brian O'Connell

It’s tough out there in the mortgage market. With credit tight, millions can’t get a mortgage loan – or if they can, they pay through the nose with higher interest rates and higher down payments. But what if you could get a mortgage loan, at a good rate, with only 3.5% cash down on the house? Read more»

How to Compare Different Mortgage Types
By: Jeff Brown

What’s better, a 15- or 30-year mortgage? Or perhaps an ARM?Choosing between two loans of the same type, such as two 30-year mortgages, is pretty straightforward. You look at the rates, points and other fees and figure which will be cheapest over the period you expect to have the loan. Read more»

Why Mortgage Seekers Should Act Now
By: Jeff Brown

The Federal Reserve said Wednesday that it will work to keep short-term interest rates low but will gradually shut down a securities-buying program that has helped make mortgages exceptionally affordable.How does this affect the appeal of various types of mortgages?In a nutshell, it suggests there’s no reason to postpone getting a new mortgage if you want to refinance or buy a home. Read more»

Mortgage Trends This Week: August 17
By: Brian O'Connell

The Federal Reserve has waved the “all clear sign” but consumers may not be buying what the Fed is selling. Add to the mix a major U.S. lender going under and continued turmoil in the housing market and you have the makings of another roiling week for mortgage rates. Read more»

Finding the Dough for a New Home Down Payment
By: Brian O'Connell

Mortgage lenders have pretty much jettisoned zero-down mortgages, just as they demand more cash than ever for a down payment on a new home loan. So, how do you come up with a decent down payment? It’s not as difficult as you might think. Whether you get help from your Uncle Lou or get a government loan from Uncle Sam, it’s all about getting creative with your down payment funding. Read more»

Why a Balloon Mortgage is the Sasquatch of Loans
By: Jeff Brown

The balloon mortgage is the Sasquatch of loans – something you hear about but may never see. They really do exist, though, even in today’s more conservative mortgage market. Read more»

Pros and Cons of Assumable Mortgages
By: Brian O'Connell

Millions of Americans are squirming over their falling home values. Read more»

How to Set Up a Co-Signed Mortgage
By: Jeff Brown

Mortgage rates are low, and after two years of price declines the housing market is full of bargains, especially for the modest properties that appeal to first-time buyers. And those buyers can get an $8,000 tax credit this year, too. Read more»

How to Get a Mortgage If You Are Self-Employed
By: Jeff Brown

Way back in the olden days, four or five years ago, you didn’t even need a job to get a mortgage. Lenders were happy to accommodate applicants who simply claimed to have adequate resources to make payments. Verification wasn’t necessary. Read more»

«first ‹previous 1 2 3 4 5 6 7 8 9 ... next› last»

NEW: BankingMyWay Credit Center

Looking for your credit score? It's quick and easy with our Credit Center powered by Experian!

Free Credit Score
Credit Articles
Credit Reports

Get your score and save money today!

US Rate Map - National Mortgage APY

_{Roll over states to see best rates.}

Lower Rates

Higher Rates

This illustration shows rates based on all terms and locations of a particular state. Products may not be offered by all institutions. Individual institutions determine the availability and required qualifications of their products. Product restrictions may apply.

Calculators

Access our Savings, Mortgage, Auto Loan and Personal Finance Tools here.