Recent changes in the housing market is making it more difficult for sub-prime borrowers to make their payments. Some are even facing the doom of foreclosure. Here are six ways you can avoid getting into trouble.
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Tag Archives | Mortgage Payments
Paying Your Taxes and Insurance Through Escrow
by Clayton Closson on March 2, 2007 in Homeowners Tips
Your monthly mortgage payment may include taxes and insurance which can be made through an escrow account. But what is escrow and how does it work?
How Do Adjustable Rate Mortgages (ARMs) Work?
by Clayton Closson on January 19, 2007 in Home Buying, Refinance Mortgage
Think you should always stick with a traditional 30-year fixed-rate mortgage? Afraid of adjustable rate mortgages? Well, there are some good reasons why an adjustable rate mortgage can be more sensible than a 30-year fixed.
Refinance Your Investment Property
by Clayton Closson on November 17, 2006 in Mortgage Rates
Long-term interest rates are near historic lows, making it a good time for investors to refinance your investment property. You can increase the equity in your investment property by remodeling or you can convert the equity into cash to invest in additional properties.
The Home Buying Process: Step by Step
by Clayton Closson on September 15, 2006 in Home Buying
If you've never bought a house before, you're probably very intimidated by the idea. Do you know what you should look for in a home? How to find the right real estate agent? How to get financing for the home? Many first-time home buyers don't where to start. But it doesn't have to be scary or difficult. Here's a step-by-step breakdown.
Choosing the Right Option ARM
by Clayton Closson on September 8, 2006 in Home Buying
There are literally hundreds of mortgage loan “products” in the market these days, many of which are structured to provide homeowners flexibility. Option ARMs are made specifically to offer flexibility. But everyone is different and has different needs, so there isn't a one-size-fits-all. How do you choose the right Option ARM?
The Basics about Interest and Interest Rates
by Clayton Closson on August 11, 2006 in Market Update
What is interest and why are interest rates so important? How does interest factor into my mortgage payment? Get the basics about interest and interest rates.
The Closing Process
by Clayton Closson on November 18, 2005 in Home Buying
Looking for a home? Then you're probably also getting a mortgage. But fear not: closing on a mortgage is no longer as scary or complicated as it was for your parents. So what happens during the closing and who's involved?
Mortgage Misconceptions – Pay Off Your Mortgage As Soon As Possible
by Clayton Closson on April 28, 2005 in Market Update
Don't fall victim to the myths you've heard about handling your mortgage. Read today's myth and find out why it's not always best to pay off your mortgage as soon as possible.
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