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Craig Elliott's Articles in Mortgages

  • How to Find the Best Mortgage Lender
    Just as there are several different types of mortgages, there are several different types of mortgage lenders. Each offers some advantages that will make a particular type of lender better in some situations than others.
  • Advantages of Refinancing Your Mortgage
    When you refinance a mortgage, you use money from a new mortgage to pay off your existing one. When done at the right time, refinancing can be an excellent way of reducing your total debt or providing you with significant savings on your monthly mortgage payments.
  • Key Aspects of Mortgage Backed Securities
    Mortgage backed securities are asset-backed securities with cash flow that is backed by the payments of a pool of mortgages. For the owner of such securities, their investment generates monthly payments over the life spans of the loans that are contained within the pool. Mortgage backed securities are part of the secondary mortgage market, in which mortgages are bought and sold by mortgage originators (the lenders who issue loans to home buyers).
  • How to Stop a Foreclosure
    Popular belief holds that once the foreclosure process starts, it is impossible to stop. Fortunately, that is rarely true. If you know what to do and when to do it, it is possible to stop foreclosure so you can save your home. If saving the home is not an option, you can at least prevent foreclosure so that it does not affect your credit rating and your chances of getting a mortgage in the future.
  • Home Repair Grants and Mortgages – How to Know If You Qualify
    Few people realize that they have access to a potentially large number of different grants and loan schemes that can give them the funds they need to repair their home, or even to allow them to afford to purchase a home. There is a very large number of such schemes available to US residents, many of which are backed by federal agencies such as the Department of Housing and Urban Development (HUD).
  • First Time Buyer - What Is The Best Mortgage?
    If you are a first time home buyer who has never investigated their mortgage options before, you have plenty to learn and understand about how mortgages work before you can choose the best mortgage for your situation.
  • Ten Questions to Ask your Mortgage Officer When Applying for a Loan
    Buying a home is something that takes a long time. In an effort to speed up the process, many homebuyers attempt to skip steps they feel are unimportant, but this can lead to long term problems.
  • Understanding the Best Type of Mortgage for Investment Properties
    Considering buying properties either as investments or to sell? If so, you need to look at mortgages differently. In order to make the most money, borrow as little money as possible. Remember: retaining the capability to turn the property around to the buyers without causing you payments in the process is important. Thankfully, there are several ways that you can mortgage these investment properties to everyone's benefit.
  • How to Secure the Fixed Rate Mortgage
    When you are looking for a home mortgage, you may want to think about how it will change your current lifestyle - if at all. In most cases, the mortgage payment will be much larger than your rental or lease payment, but if you choose the right loan, you won't have to worry about making this payment each month. This is why more people are choosing the fixed rate mortgage over other mortgage options. Here's what you need to do to be sure you can secure this kind of mortgage.

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