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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Appraisals
- Appraisal Basics
- Helping the Appraiser
- Appraisal to Establish House Market Price
- Appraisal Methods
- Reasons for an Appraisal
- Other Reasons to Order an Appraisal
- Appraisal Needed To Obtain Loan
- Home Appraisal Costs
- 3 Reasons Banks Reject Short Sales
- 4 Steps to Purchasing a Short Sale
Down Payment
- Low Down Payments
- Mortgage Down Payment - How Much Money For Down Payment?
- Down Payment Grants
- Down Payment Loans and Gifts
- Down Payment Considerations for First Time Home Buyers
- 2 Reasons People Get 80/20 Loans
- Low Down Payment Loan Qualification
- Down Payment Assistance
- Mortgage Insurance
- How Do Mortgage Points Work?
- The Best Time to Buy Mortgage Points
- Saving for a Mortgage Down Payment
- Defining Mortgage Loan Terms: Down Payment vs Credit History
- Home Loan Options for Borrowers with Low Down Payments
- Can You Purchase a Home with No Down Payment?
- How Your Down Payment Affects Your Mortgage Rate
Application
- Annual Percentage Rate (APR)
- Refinance Calculator Tips
- After the Mortgage Application
- Two Key Factors in Qualifying for a Home Loan
- Mortgage Application Documents
- Your Initial Meeting with a Mortgage Professional
- Escrow Account Basics
- Mortgage Terminology
- Download Application
- Rate Lock Basics
- Closing Costs Explained
- Choosing a Mortgage Company
- Speed Up the Mortgage Process
- Your Total Mortgage Payment
- Choosing a Mortgage Cosigner: Who You Shouldn't Ask
- Buying Foreclosures
- Mortgage Tax Benefits
- Applying for a Mortgage after a Bankruptcy
- How to Find Good Property Foreclosure Deals
- Economic Terminology
- Apply for a Home Loan with Bad Credit
- Mortgage Pre-Qualification vs Pre-Approval
- Home Loan Considerations for Short-Term Residents
- How to Avoid Predatory Lending
- Why Choose Upfront Mortgage Brokers Over Conventional Ones?
- How Mortgage Closing Costs are Calculated
- Is a Mortgage Broker Really Necessary?
- Don't Lie on a Stated Income Loan Application
- Essential Questions to Ask a Mortgage Loan Broker
- No Doc Mortgage Loan Types Explained
- How to Find Legit Mortgage Lenders
- 4 Ways to Build Credit for Mortgage Qualification
- 5 Ways to Prevent Mortgage Loan Fraud
- How Do You Get a Mortgage Loan Prequalification?
- Discount vs. Origination Mortgage Points
- Overview of Acceleration Clauses
- How to Apply for Construction-to-Permanent Loans
- How FHA County Loan Limits Affect Home Buying
- How Borrowers with Bad Credit Find Mortgage Lenders
- How to Qualify for an FHA Loan
- How Rental History Impacts the Mortgage Application Process
- Apply for a Home Equity Loan Online
- Are Loan Origination Fees Necessary?
- Mortgage Broker vs. Loan Officer: What's the Difference?
- 3 Factors that Can Negatively Affect Your Mortgage Application
- 3 Tips to Speed Up the Mortgage Application Process
- 5 Common Mistakes when Completing a Mortgage Loan Application
- 4 Common Mortgage Application Mistakes
- How to Get a Mortgage Rate Lock
- 3 Tips when You Apply for a Mortgage Online
- Correcting Mortgage Application Errors
- What Does Close of Escrow Mean?
- 2 Tips when Applying for a No-Doc Mortgage
- How to Get First-Time Home Buyer Grants
- What Are Typical Mortgage Down Payments?
- How to Get an Investment Property Loan
- Calculating the Maximum Affordable Home Sale Price
- 3 Tips for Getting a Preapproved Mortgage
- What Is an Escrow Payment?
- 4 Tips to Getting a Preapproved Mortgage
- How to Fill Out the Uniform Residential Loan Application (Form 1003)
- How to End Mortgage Escrow
- How to Apply for a Mortgage Online
- Tips for Reducing Title and Escrow Fees
- Mortgage Elimination Scams
- Calculating Your Debt-to-Income Ratio
- Advantages of Mortgage Preapproval
- What Are Mortgage Title Fees?
- Common Lender Mortgage Frauds
- How to Get Low Mortgage Rates
- Mortgage Fraud Protection and Prevention
- Mortgage: Preapproved vs Prequalified: What's the Difference?
- Can't Get a Mortgage? Try a Credit Union
- What Is Mortgage Fraud?
- Save Thousands on Closing Costs
- What to Do after Your Mortgage Application Gets Denied
- Mortgage Fraud Red Flags
- How to Get a Mortgage with a Cosigner
- Mortgage Discrimination: Guide to Understanding Your Rights
- Mortgage Tips for First-Time Home Buyers
- How to Prepare For A Mortgage Preapproval
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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
Should You Refinance? Make Sure the Timing is Right
Deciding whether or not you should refinance depends on your personal financial situation. If interest rates are lower today than they were when you first took out your mortgage, refinancing makes sense. more
FHA Eligibility with Bankruptcy and Foreclosure
FHA mortgage loans require borrowers to wait three years after a foreclosure and two years after a bankruptcy before applying for financing. Good credit since the incident is generally a requirement as well. more
- How to Get Approved for an FHA Loan despite Bad Credit
- What To Do When Mortgages Default
- Second Mortgages: Advantages and Disadvantages
- 3 Reasons Banks Reject Short Sales
- Alternatives to Getting a 2nd Mortgage
- Home Equity Loans for People with Bad Credit
- Appraisal Basics
- 3 Common Short Sale Mistakes
- 3 Warning Signs of Loan Modification Scams
- FHA Loans for a First-Time Home Buyer
- What Lenders Don't Reveal About Home Equity Loans
- Low Down Payment Loan Qualification
- Short Selling a Rental Property
- 3 Factors that Can Negatively Affect Your Mortgage Application
The Mortgage101 Blog
Mortgage Interest Rates Hit New Record Low
Interest rates on long-term mortgage loans fell to a new all-time record low this week, according to mortgage finance company Freddie Mac, as investors responded to troubling economic news. The average rate on a 30-year fixed rate loan, excluding points, dropped to 3.87 percent, the lowest rate on record in Freddie Mac’s 40-plus year mortgage survey.... more