mortgages

87% of Homebuyers Think They Know How Much Home They Can Afford (But They Really Don't)

Survey shows most homebuyers don't know how much their down payment will be. Are you one of them?

This One Mistake Could Delay Your Retirement by 10 Years

Buying a home is a big decision and if you don't do it right, you could be paying for years and years. Use cash flow to help make the right choice.

These Are the 8 Most Common Homebuying Mistakes Foreclosure Experts See

A HUD-approved foreclosure prevention counselor shares what she's learned helping homeowners through the housing crisis โ€” and how you can avoid the same fate.

Quicken Loans Review: Competitive Rates and Good Customer Service

Is a mortgage ReFi through a bank once owned by a financial software company a wise choice? Learn from our reviewer's experience.

ReFi Shy? How to Determine If Now Is the Time to Refinance

As interest rates head north, homeowners are wondering if the timing is right to refinance. Here's how to find out.

Why You Should Consider an Adjustable-Rate Mortgage

Despite a bad reputation, adjustable-rate mortgages are making a comeback. Learn why an ARM might be the right choice for you.

The Paradox of Choice and the Mortgage Crisis

We often think that having more choices is better. But in reality, having more options might cause us to make bad decisions โ€” like getting risky mortgages.

Don't Let Your Bank Pick Your Homeowner's Insurance

If you let your home insurance lapse, your bank can force you to pay insurance that can cost 5 to 10 times as much. Learn how to avoid this predicament.

Why Inflation Isn't as Bad as You Think

Worrying about something like inflation doesn't help make it better โ€” plus, there might not be as much to fret about as you thought. Learn why.

Want to Buy a Home With No Money Down? Try a USDA Loan

Despite the recent economic crunch, consumers can still purchase homes with no money down through the USDA Rural Development program.

5 Things You Need to Know About Credit Scores

Over the past few years, consumers have been increasingly aware of the importance of a credit score. It is a good idea to learn as much you can about this important number.

Things You Should Know About HAFA: The Home Affordable Foreclosure Alternatives Program

On April 5, 2010 a new program called the Home Affordable Foreclosure Alternatives, or HAFA, will further expand the foreclosure prevention efforts of the Obama administration. Thi

How to Prepare for a Home Purchase in 2010

The housing and mortgage industries took a giant leap backwards last year. Read about what you need to do if you are finally ready to buy the home you've been looking for.

Why the Affordable Home Really Isn't

I've taken a look at home affordability calculators that are available from many reputable sites offering personal finance advice. "Affordability" is based on bank lending guidelin

Will Obama's new mortgage plan really reward responsibility?

Today President Obama announced a new $75 billion Homeowner Affordability and Stability Plan to the world. It is touted as a plan that helps responsible homeowners who have not

6 Options if You're Underwater on Your Mortgage

Here are six options for people who are underwater on their mortgages.

Will 4.5% mortgage rates jumpstart the housing market?

It seems like everyday the folks in Washington are rolling out a new plan to fix our economy. The Federal Reserve is running out of room to cut their federal funds rate, so now th

Borrowing to Invest: Helpful or Hurtful?

Can debt possibly be a good thing? Sometimes yes, sometimes no. But carrying debt that enables you to earn money is a concept called Leveraging, and can be v

Front-loaded loans: a financial conspiracy?

A tip from Eric Fedewa sparked a discussion between Wise Bread bloggers (Andrea Dickson and me). He brought a new financial term (front-loading) to our attention that indicates how

What's Faster for Mortgage Payoff: $100/Month Extra or 1 Payment/Year Extra?

Is it better to pay $100 per month extra on your mortgage or make an extra payment at the end of each year? It depends on your loan balance and interest rate.