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Top 5 reverse mortgage mistakes
If you're a senior citizen who owns a home with equity, you may have heard some buzz about reverse mortgages. Increasing in popularity and attention, reverse mortgages are for homeowners 62 and older. The benefits of reverse mortgages are high, but ...
The 2 Mortgage Guys: Fixed vs. adjustable mortgage rates
Not all mortgage rates are created equal. There is a time and a place to consider an adjustable rate mortgage vs. a fixed rate.
If you have short term plans to pay off your loan in full then an adjustable rate may save you money over the term of ...
What you need to know about the mortgage process
You're buying a house, your offer is accepted, but you still need to secure a mortgage -- now what? Check out this week's episode of Show & Tell with The 2 Mortgage Guys and we'll walk you through the steps of processing your loan application and ...
The 2 Mortgage Guys - Paying points on your mortgage
Do you know what it means to "pay points" on a mortgage? On this week's episode of "Show & Tell with The 2 Mortgage Guys" we explain what discount and origination points really are. We'll also give you a few scenarios in which you may have to ...
The 2 Mortgage Guys: Locking in your interest rate
Are you thinking about buying a home? Are you worried about missing out on the historically low interest rates? In this week's episode of Show & Tell with The 2 Mortgage Guys we'll explain the rate lock process. We'll let you know how and when to ...
The 2 Mortgage Guys explain benefits of escrow
This week on Show & Tell with The 2 Mortgage Guys we'll explain how escrowing works when included in your mortgage payment. We'll explain the benefit and advantage of escrowing your taxes and insurance as well as what could happen with future ...
The 2 Mortgage Guys: How credit scores are calculated
So you've heard of credit scores, but do you really understand how they're calculated? In this week's episode of Show & Tell with The 2 Mortgage Guys we'll break down the credit report guidelines and give you a few tips on how to keep your score ...
The 2 Mortgage Guys - Are you pre-approved?
Are you thinking about buying a home in the near future? Regardless of your credit, the first thing you should do is get your financing in order with a mortgage pre-approval. Everything from credit score requirements to PMI has changed in the last 12 ...
Mortgage debt waived after bank can't find paperwork
Score: Little guy, 1; bank, 0. It's a nice change.
Two weeks ago, a bankruptcy court in suburban New York did the formerly unthinkable: It waived a homeowner's mortgage debt after the bank trying to foreclose on the home couldn't submit any proof ...
Ask the Dolans: Is my bank calculating my mortgage correctly?
Ken and Daria Dolan, America's first family of personal finance, answer your questions every Friday.
Click here to ask Ken and Daria your question.
Can you please help me understand how my bank calculates my mortgage interest and principal? Even ...
Five steps to getting a mortgage
Don't you hate the first time you make a certain kind of purchase? We've all been in the situation when even the tidbits of advice you have heard over the years don't fully prepare you for the transaction. The first time I felt this way about a deal ...
Got that sinking feeling? 1 in 4 mortgages now underwater
Is America the next Atlantis?
It isn't as absurd as it sounds considering the rate at which new homeowners are finding themselves with property worth less than the mortgage financing it.
According to a newly released report from First American ...
The 2 Mortgage Guys: Who are Fannie Mae & Freddie Mac?
So you've probably heard of Fannie Mae and Freddie Mac but do you understand their role in the mortgage industry? We'll explain how they were created, what they do and how the taxpayers inherited these two multi-billion dollar organizations. Ryan ...
Is now the time to refinance a residential mortgage?
Right now may be a great time to refinance a home mortgage. Residential mortgage rates are currently at historical lows. CNN Money and Finance, reported on September 11, 2008, that the interest rate on a 30 year fixed rate mortgage had dipped to ...
Our government's mortgage 'bailout' madness!
Ken and Daria Dolan are widely known as America's First Family of Personal Finance.
Can someone please tell us what happened to personal responsibility? The latest news from Washington is that some politicians are proposing that our hard-earned tax ...
