PMI - a recurring, monthly, unwelcome guest. It sounds similar to and is about as welcomed as a similar acronym. PMI is private mortgage insurance. This insurance policy is paid for by the homebuyer w..

To pay points or not to pay points, that is the question. Before answering the question it is first important to understand what exactly points are. A point represents 1% of a home loan. For example, ..

Remember the story of the Pied Piper?One day a piper came to the village of Hambelen. He offered, for a fee, to rid the town of its mice and rats. Since the village had been overrun with such vermin f..

It is your home that secures your debt in a mortgage as well as a second mortgage. Mortgage lenders are always on the lookout for new ways to earn more money from homeowners and they are often financi..

When you are buying a home for the first time, you are often at something of a disadvantage purely because of your lack of experience in this area. Mortgages and property purchasing can be a complicat..

Buying a home for the first time can be a very exciting experience, but can also be both daunting and confusing. Many first time buyers have never had to deal with such a big investment before, and th..

Most people with bad credit do not realize that if they own their own home and are paying off a mortgage, they can qualify for a home equity loan. Even with bad credit, a home equity loan is a possibi..

Do you know that the higher your credit score is, the lower your mortgage interest rate will be. That is obvious to some but not everyone. Another good thing with some mortgages is that there are alte..

When you're in the market for a new home, one of the biggest concerns on your mind likely will be the financing. For the new homeowner, the knee-jerk reaction might be to accept the first mortgage off..

Buying a house is a very big investment in your future. The more money you can put into your home, the more you're likely to get out of it. But, unless you get a low mortgage rate, you'll find a whole..