I got this question from a reader and wanted your opinions: I have both a mortgage on our house, and a home equity line of credit. The mortgage rate is fixed (4.4.%) for 15 years. …

Our closing last week used the new HUD-1 Settlement Statement. It has an extra third page that contains essentially two things: a comparison of the actual closing costs with thos …

At closing on Thursday, the settlement attorney warned us to be sure to specify that any extra money we put toward our mortgage is to go toward principal, because if we don't, lend …

During the process of getting our loan, the credit union required an appraisal of the property. The appraisal turned out fine (it was higher than the contract price) but my unders …

My DH is in the processing of wrestling out the details of our new mortgage/loan. Since he's up to his eyeballs in paperwork, can someone here explain why there's such a big diffe …

Forgot to add to my question on 15-Year vs. 30-year loans-- What are points exactly? Why do we have to buy them? Is buying them worth the extra outlay right now?

I read this post which answers a reader's question about how her additional mortgage payments were applied to her loan. A short version of the question: She had been making addit …

We're semi-in-the-market for another house, and in the wake of all the housing mess I'm pretty sure lenders are quite a bit tighter than they were a few years ago. Even with progr …

We're in the process of buying a house. There may be a time at which we own two houses (and have two mortgages). Presumably only one of them can be a primary residence? If so, d …

I have 22k in student loans at a fixed rate of 7.25% that has already been consolidated. I also have a 55,369.00 30 year fixed 6.25% mortgage. I have made 7 years of payments into …

We're debating this question as we look into moving into a bigger home. I know many knowledgeable sources say getting into rental properties is the key to wealth. However, I was …

We're looking at a house, but running into some financing difficulties. However, the house is a Fannie Mae Homepath eligible home. I've read through a bit of the information onli …

Recently I went through the pre-qualification process for a mortgage. I was floored with how much debt they would let me carry: 40% of my gross income! That would work out to wel …

I went to get a pre-qualification letter today for a mortgage. (We're looking to put an offer on a foreclosure.) Thankfully, my maximum approved mortgage amount was very comforta …

One blogger tweeted about second mortgages and called them "trust loans." A search I found talked about "second trust loans" and "piggyback loans" in reference to second mortgages …