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Mortgages Articles

FHA Guidelines

Betsalel CohenFebruary 28, 2012

In 2012, the FHA is increasing the cost of two types of fees that borrowers must pay for FHA loans...

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Forbearance on Mortgage Payments

Betsalel CohenFebruary 22, 2012

Mortgage Payment Forbearance | Pres. Obama in his Building America to Last program calls for an industry wide 12-month forbearance for unemployed...

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VA Construction Loan

Daniel CohenFebruary 22, 2012

Most lenders do not make construction loans for VA loans, largely due to risks and costs of construction disputes. Talk to a local bank...

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Walking Away from Reverse Mortgage

Daniel CohenFebruary 22, 2012

Walking Away from Reverse Mortgage | If you have a reverse mortgage and your house is worth less than the mortgage balance, you can walk away without...

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Reverse Mortgage and Credit Card Debt

Mark CappelFebruary 19, 2012

Reverse Mortgage and Credit Card Debt | A reverse mortgage stops your need to make monthly mortgage payments & frees up money for your credit debt. Make sure...

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Citimortgage Fradulent Loans

Betsalel CohenFebruary 18, 2012

CitiMortgage Bad Loan | CitiMortgage settled with the FHA for $158 million due to fraudulent loan practices in the DE Lender program. You can expect...

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Section 502 Refinance

Bills.com TeamFebruary 16, 2012

Rural Refinance Pilot cuts monthly mortgage payments by easing rules for refinancing existing Section 502 home loans. Learn if you qualify...

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HAMP | New Guidelines for Home Loan Modification

Betsalel CohenFebruary 14, 2012

Hamp Guidelines | According to the January 27, 2012 Obama proposal, the HAMP program will update its guidelines to make more homeowners eligible and increase...

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National Mortgage Settlement

Bills.com TeamFebruary 9, 2012

Update: National Mortgage Settlement announced by 49 states and five mortgage servicers. Learn if you qualify.

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Fast Track Short Sales

Mark CappelFebruary 8, 2012

Short sales are not quick sales. PMI providers for Fannie Mae loans are cutting red tape to fast track short sales...

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HARP 2.0 AND PMI

Betsalel CohenFebruary 5, 2012

Mortgage Insurance and HARP: If you are eligible for a HARP 2.0 loan and have PMI then you can do the HARP refinance. The MI companies are doing LPMI....

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The Costs of PMI

Betsalel CohenFebruary 2, 2012

Mortgage Insurance | Learn about the different types of Mortgage Insurance, the Mortgage Insurance Companies, and the different factors in the cost...

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Obama Refinance Federal Plan

Daniel CohenFebruary 1, 2012

Obama Refinance Plan | The new Obama refinance plan can help you save money by getting a low-interest loan. You may also have zero closing costs. However...

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How Much Mortgage Can I Afford

Bills.com TeamJanuary 30, 2012

Learn how much mortgage you can afford, and the top 10 documents lenders require from borrowers. Most make financial sense, but No. 1 may surprise you...

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Mass Refinancing

Mark CappelJanuary 25, 2012

Will President Obama announce a mass refinancing program that will slash interest rates on all Fannie Mae and Freddie Mac mortgages?

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FHA Credit Qualifications

Mark CappelJanuary 23, 2012

The FHA wants lenders to lower qualifications for mortgage loans, but lenders worry that doing so will increase their risk. Learn the 10 credit qualifications f

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Mortgage Rates and Mortgage Fees

Betsalel CohenJanuary 23, 2012

Mortgage Rates and Mortgage Fees | In a dynamic market, their are upward and downward pressures on mortgage rates and mortgage fees. Learn about...

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Mortgage Fees Rise Due to Congress

Betsalel CohenJanuary 19, 2012

Mortgage Rates and Mortgage Fees | The payroll tax law raised mortgage guarantee fees. Before shopping for your mortgage loan, learn about...

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Mortgage Rate Predictions

Mark CappelJanuary 17, 2012

Will mortgage rates be going up or down in the next few months and when is a good time to lock in a mortgage rate?

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refinance first and second mortgages

Betsalel CohenDecember 1, 2011

Refinance first mortgage and home equity loan | If you want to refinance two mortgages, even if they are with the same bank, then check your LTV, and

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Fannie Mae DU Refi Plus for Harp Refinancing

Betsalel CohenNovember 29, 2011

Fannie Mae Refi Plus | Refinance your underwater home with the new HARP mortgage program. Learn how the DU Refi Plus can help you qualify. Start by...

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Best Refinance Rates

Bills.com TeamNovember 22, 2011

Best Refinance Rates| Take advantage of low rates to lower your payments, lower your costs or consolidate higher interest rate debt. Find best refinance rates..

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Chapter 13 Mortgage

Betsalel CohenNovember 1, 2011

Chapter 13 Mortgage Refinancing | Your refinancing options are limited while in bankruptcy but it is still possible. The first thing you need to do is...

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Refinance Tips

Bills.com TeamSeptember 30, 2011

Refinance Tips - Know the 6 vital tips you need to know to get a successful refinance loan, like number one...

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Refinance Fees

Mark CappelSeptember 30, 2011

Refinancing fees vary from state to state and lender to lender. Learn the typical fees and average cost ranges...

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Refinance Mortgage Rates

Jason ChuSeptember 30, 2011

Refinance Rates | Find the best loan for your situation, whether it's the lowest rate available, or saving money by reducing the term of your loan. Start by...

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Reverse Mortgage and Medicaid

Mark CappelSeptember 22, 2011

Proceeds from a reverse mortgage are loan proceeds, which do not meet the definition of income for Medicaid.

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HARP Mortgage 2.0 Refinance Program

Daniel CohenSeptember 21, 2011

HARP Mortgage Program Refinance | Home Affordable Refinance Program (HARP) was just updated to avail low interest rates to more Americans seeking mortgage help.

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Refinance ARM

Daniel CohenSeptember 20, 2011

ARM Refinance | ARM rates are lower than fixed mortgage rates. Understand the risks and rewards that come with an ARM. To best protect yourself, make sure to...

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Obama to Expand HARP

Daniel CohenSeptember 8, 2011

Proposed changes to HARP will increase the number of homeowners who qualify for the Home Affordable Refinance Program.

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Refinance Mortgage

Daniel CohenJuly 28, 2011

Refinance Mortgage | A refinance mortgage can save you money and improve your finances, if you...

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Refinance Rates Calculator

Jon PedleyJuly 28, 2011

Learn which factors are key to a successful refinance. Is refinancing is right for you at Bills.com - Find. Learn. Save.

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Quitclaim Deed and Divorce

Mark CappelMay 16, 2011

Quitclaim Deed and Domestic Partner | If you quitclaim your rights to a property, you still maintain financial repsonsibility for the mortgage, unless you also.

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Dodd-Frank Act

Daniel CohenApril 29, 2011

Dodd-Frank was disguised as a consumer benefit. However, it was created so that brokers are no longer competitive with banks, which are exempt from Dodd-Frank.

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HECM Saver Reverse Mortgage

Daniel CohenApril 24, 2011

A reverse mortgage with lower costs? Review how the HECM Saver program works and understand the differences between the HECM Saver and the HECM Standard reverse

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Should I Refinance My Home?

Bills.com TeamApril 19, 2011

Refinance | At what interest rate would it make sense for me to refinance my home?

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Why is My Loan Taking so Long?

Daniel CohenApril 12, 2011

Added costs and repeated information requests contribute heavily to mortgage borrower fatigue. Ultra-strict Fannie Mae and lender underwriting guidelines are an

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Use a FHA 203K Loan to Buy & Rehab a Home

Daniel CohenApril 7, 2011

The FHA 203(k) loan is a great way to finance the purchase of a home that needs work and finance the improvements at the same time.

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Impact of the Japan Earthquake on Mortgage Rates

Betsalel CohenMarch 28, 2011

Mortgage Rates and the Japanese Earthquake | We recommend Bills.com borrowers to assess their financial needs and consider macroeconomic factors when...

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Coalition against home down payment

Fernando PaezMarch 22, 2011

A coalition of housing organizations and consumer advocates protested a hike in the required down payment for home mortgages.

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FHA Short Refinance

Mark CappelMarch 14, 2011

The FHA Short Refinance Program is a great way to knock-down your principal and pay less in your monthly mortgage payments.

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Mortgage Principal Reduction

Betsalel CohenMarch 11, 2011

Mortgage Principal Reduction | Due to the housing crisis there are many underwater borrowers. A controversial solution is principal reduction, which cancels...

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Mortgage Servicer

Jon PedleyFebruary 21, 2011

A mortgage servicer is the party responsible for collecting payments on a mortgage loan and managing the escrow account

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Chase Mortgage Modification

Mark CappelFebruary 7, 2011

Chase Mortgage Modification | A Chase Mortgage Modification is a change in the mortgage terms that make the loan more affordable. Start by...

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NACA

Mark CappelFebruary 2, 2011

NACA | NACA, Neighborhood Assistance Corporation of America, is a non-profit organization offering mortgage origination, refinances, HUD-approved mortgage couns

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Reverse Mortgage Loan

Daniel CohenJanuary 27, 2011

Reverse mortgage loan | A reverse mortgage loan may be difficult to obtain, if both spouses on title are not living in the home as a primary residence.

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Upside Down Refinance

Mark CappelDecember 30, 2010

Upside down refinance | Upside down refinance loans are hard to find. Free tips on two mortgage programs aimed at borrowers who owe more on their home than it i

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Chase Short Sale

Bills.com TeamDecember 13, 2010

If you reached a settlement with Chase regarding your short sale, then you do not owe Chase or anyone else anything for the deficiency balance.

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Qualifying For a Mortgage

Daniel CohenDecember 6, 2010

Qualifying for a mortgage | Qualifying for a mortgage means meeting a lender's standards for income, credit, debt-to-income ratio, and loan-to-value. Be sure...

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Hardest Hit Fund'

Daniel CohenDecember 3, 2010

$1.5 billion awarded to several states to aid struggling home owners.

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