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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Second Mortgage
- Second Mortgage Costs
- Length of Second Mortgage
- Second Mortgage Payment Calculations
- Home Equity Credit Line of Credit (HELOC)
- Second Mortgage Rates
- How a Home Equity Loan Works
- What to Know Before Getting Second Mortgage Loans
- What Should a Mortgage Cosigner Know?
- Second Mortgages: Advantages and Disadvantages
- Home Equity v. Mortgage Loan: Risks and Rewards
- 125% LTV Home Equity Loan Costs to Expect
- The Dangers of a Subprime Second Mortgage
- Alternatives to Getting a 2nd Mortgage
- Second Mortgage vs. Home Equity Loan: What's Better?
- 4 Common Second Mortgage Financing Problems
- 4 Tips for Second Mortgage Refinancing
- What to Look for in a Second Mortgage Lender
- Common Factors that Affect Second Mortgage Interest Rates
- What Lenders Look for in a Second Mortgage Loan Application
- How to Identify Predatory Second Mortgage Lending Practices
- How to Get a Second Mortgage with Bad Credit
- 4 Tips for a Seller with a Second Mortgage
- 3 Reasons for High Second Mortgage Interest Rates
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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
Appraisal Basics
A real estate appraisal is an evaluation that determines the value of a property. There can be many different reasons for having an appraisal conducted, but one of the most common purposes is to determine the market value of a house before a mortgage transaction. more
3 Factors that Can Negatively Affect Your Mortgage Application
Many factors can affect your mortgage application and get you denied. Know what factors will hurt you and plan ahead so you can present the best financial picture to the lender. more
- FHA Eligibility with Bankruptcy and Foreclosure
- 3 Reasons Banks Reject Short Sales
- Alternatives to Getting a 2nd Mortgage
- Low Down Payment Loan Qualification
- How to Get Approved for an FHA Loan despite Bad Credit
- FHA Loans for a First-Time Home Buyer
- Home Equity Loans for People with Bad Credit
- 3 Common Short Sale Mistakes
- Short Selling a Rental Property
- Should You Refinance? Make Sure the Timing is Right
- Second Mortgages: Advantages and Disadvantages
- 3 Warning Signs of Loan Modification Scams
- What Lenders Don't Reveal About Home Equity Loans
- What To Do When Mortgages Default
The Mortgage101 Blog
Fannie Mae Predicts Another Slow Year in Housing Market
Home sales are likely to be relatively flat in 2012 compared with last year, according to comments from Fannie Mae’s Vice president and chief economist Doug Duncan. Even though there have been signs of mild improvement in the economy, and low interest rates and home prices have prevailed for years now, there is still little demand... more