Archive of posts filed under the Mortgage category.

Do You Get an FHA loan or conventional mortgage?

Federal Housing Administration loans and conventional loans remain the most popular financing types for today’s mortgage borrowers. But which program makes the most financial sense for you? Here’s how to decide. The nuts & bolts of FHA loans FHA loans are insured by the Federal Housing Administration. The program contains two forms of mortgage insurance; […]

Snapchat Spectacles Take Video, Covers Mortgage

Snapchat’s video-recording glasses have become the must-have gadget, thanks in part to how hard it is to buy them. WSJ’s Joanna Stern put on a pair of Snapchat Spectacles to capture the new pop-up store in New York City. Photo: Peter Foley for The Wall Street Journal Hair unbrushed and breakfast uneaten, John Reuter grabbed […]

Prepare Now to Get the Best Deal on a Mortgage

According to Consumer Reports, For some, a great mortgage may mean getting a low interest rate. For others, a lower down payment may be attractive, even if it means an incrementally higher interest rate. No matter what a good mortgage means to you, to boost your chances of getting the kind of mortgage you need, […]

5 Tips for Buyers to Have a Successful Home Inspection

          Throughout the homebuying process, you will encounter a number of expenses including, but certainly not limited to, an appraisal, transaction fees and a survey – but none is more important than the home inspection. Dollar for dollar, there is no better use of your money, as a home inspection will […]

How to know when you’re ready to buy a home

The question for most might not be “Do I want own a home?” but instead, “Am I ready to own a home?” While you may feel unsure, there are a few important factors that can help you decide if you are ready to buy a home, and can help you feel more confident that you […]

Smart Mortgage Moves

What are these new “Know Before You Owe” rules I’ve been hearing about? They’re a victory for borrowers that make it “much easier to decipher exactly what you’ll be paying,” says Tom Pilafas, a vice president of the Chicago-based title industry company Near North National Title. Late last year, Congress passed a law requiring each […]

Luxury Real Estate & Technology: Where Added Value Becomes Expected Feature

One of the more amusing aspects of new technology is how quickly something that once seemed so cutting edge is adopted as an essential and expected feature of everyday life. Smart home technology, it appears, is trending along that curve. A recent study of U.S. adults by Coldwell Banker found that 71% of respondents want […]

Why Billionaire Mark Zuckerberg Has A Mortgage

The Mega-Rich Have Mortgages, Too Facebook founder Mark Zuckerberg is worth $53 billion, according to Forbes. He did not pay cash for his home. Zuckerberg and other mega-rich Americans don’t need mortgages to buy homes — so why do they have them? Home loans come with advantages that can benefit rich people, poor people, and the rest in […]

Understanding Hard Inquiries on your Equifax Credit Report

Equifax explains in detail the importance of understanding hard inquiries on your credit report.             As we’ve written about previously on the Equifax Finance Blog, some consumers are reluctant to check their credit report because they are concerned that doing so may impact their credit score. While pulling your credit […]

Working With A Mortgage Broker

1. What is a mortgage broker? Think of a mortgage broker as a middleman between you and potential lenders. The broker’s job is to work on your behalf with several banks to find the loan with the most competitive terms and lowest rate that best fits your needs. People often use “mortgage broker” and “loan officer” interchangeably […]