Library of New Home Loan Articles

The New Home Loans Guide is a source of information for potential home buyers trying to determine what type of home loan best meets their needs. The below articles discuss different loan options, including FHA loans, balloon mortgages, fixed-rate loans and adjustable rate mortgages. The articles include information about the pros and cons of each loan, where to find the best rate and pitfalls to avoid when shopping for a mortgage.

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ARM Purchase Loans

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All About Prepayment Penalties

Prepayment penalties are a tool lenders use to achieve favorable terms in the mortgage game. Here is some information you will want to know before signing on the dotted line.

An FHA loan is a Great Mortgage Option For First Time Home Buyers

The Federal Housing Administration will insure your mortgage so you can qualify for lower cost lending.

Avoid These Common Mistakes When You Buy Your First Home

Buying a home for the first time is an intimidating process. Avoid these costly mistakes.

Choosing a Home Loan

A person needs to assess their individual financial situation before committing themselves to a particular type of home loan.

Common Ways Real Estate Transactions Fall Apart

Homebuyers and homesellers pay attention! Here are some common real estate mistakes made before the deal is done.

Different Types of Home Loans

Many types of loans are available for new homebuyers. There are many factors as well to consider in choosing a home loan, and this article discusses a few of these factors.

Get a Good Faith Estimate - But Don't Put Your Heart Into it

Lender are required by law to provide good faith estimates. These figures help you compare lending costs, but don't believe these are the end-all be-all numbers.

Get the Right Mortgage for your Financial Situation

There are dozens of mortgage options to choose from. Most are grouped into three main categories: fixed rate, adjustable rate and interest only.

Get Your Loan Approval Document Early On in the Mortgage Process

The loan approval document puts your quoted mortgage terms in writing. Getting an approval early in the mortgage process can be very helpful.

Get your Personal Finances in Order: A Mortgage Checklist for a First Time New Home Buyer

It's very important to make sure you've covered all of your home mortgage bases. For the first time new homebuyer this is especially true. It is the only way to get the mortgage loan you need and the rate you deserve.

Is it Smart to Cosign on a Mortgage Loan?

There are many benefits to entering a mortgage agreement with a cosigner, but be wary of the risks.

Lower Your Homeowners Insurance the Good Old Fashioned Way

If you must have homeowners insurance than you might as well get the best price! Here are a few tips to help you cut your costs.

Mortgage Loan Approval Depends on Four Factors: They all Start with 'C'

Qualifying for a mortgage loan depends on your rank in four specific areas. Here is what you need to know about these factors and mortgage loans.

Prepare For the Worst Case Scenario With Popular Mortgages

New-age home financing, such as interest-only loans and 40-year fixed mortgages, are all the rage. But, remember to read the fine print before you sign the dotted line

Should the Buyer or the Builder Pay for Construction

Should the buyer or builder pay for construction? Find out who is going to finance that dream house of yours.

Should You Pay All Cash for a Home

Provided you have the choice, is it better to pay all cash for a house or take out a mortgage? This article looks into the options.

The Three Most Important Factors For Getting a Cheaper Mortgage

While many little details determine the cost of your home mortgage, a strong performance in these areas will go the distance.

The Three Responses a Home Equity Loan Applicant Will Hear From a Lender

When you apply for a new home equity loan the lender gives you one of three responses. Here is what they are and what they mean.

Thinking About Building Your House: Get a Construction Loan

If you decide to build your own home, a construction loan is a cheap way to get you through the process.

Three Benefits to Home Equity Debt Over Non-Mortgage Debt

Mortgage debt has a few special benefits that other forms of loans lack. Here is your information on home-backed credit.

Use the Web to Find the Best Home Loan

The internet offers some great tools that can save you thousands of dollars on a mortgage. Here is a roundup of what is offered.

Using the Government to Purchase a Home

Government assistance for housing is a booming business! Here is what you need to know about homeownership assistance programs.

What are Balloon Loans

Balloon mortgages are a specialized loan for unique situations.

What is the Good Faith Estimate

Your mortgage broker is required to provide you with a good faith estimate within three days of applying for a loan. Learn what this document is and how to use it to your advantage.

What You Need to Know Before Borrowing for a Mortgage

The more secure a lender feels about you, the better your chances will be of landing a favorable mortgage rate.

You Must Shop Around for Complete Mortgage Information!

Newspaper ads and mortgage websites offer accurate data, but interest rates and other variables change so rapidly. The best way to get what you need is to go out and shop.

New Home Loans in Georgia

According to Money.com, real estate values in the greater Atlanta area are on the move. Whether you're a Fortune 500 company or seeking academic refuge at UGA, Georgia is on the map of hot locales-especially for homebuyers. If you're a first time GA homebuyer, here are a few words of wisdom and a couple of resources to help you make an informed choice.

New Survey Says One-Third of U.S. Home Loans are Delinquent

Approximately one-third of outstanding adjustable rate subprime loans were delinquent at the end of August, according to a report released last week by the Federal Reserve Bank of New York. Fixed rate delinquencies were also at above normal levels during the same period.

Home Loans and HELOCs and Seconds

In the nebulous world of equity debt, it's easy for the novice investor to get tangled in the web of financial jargon. Home Equity Loans and Home Equity Lines of Credit are both secured with the same collateral- property-but are two very different types of financial product. Here's a short primer to help ease any confusion.

Different Types of Home Loans

Many types of loans are available for new homebuyers. There are many factors as well to consider in choosing a home loan, and this article discusses a few of these factors.

Sub-Prime Home Loans for Montana Buyers

If you have bad credit, you will be working with a sub-prime lender to get your home loan. Here are a few resources, tips and strategies for getting a sub-prime mortgage loan in Montana.

Major Home Builder Broke Federal Rules to Help Buyers Qualify for Loans

Beazer Homes USA, one of the nation's largest home builders, said yesterday that members of the company have been breaking federal rules between 2000 and 2007 to help buyers qualify for federally insured home loans. Beazer is facing millions in fines for loan violations, and is being hit with civil lawsuits from homebuyers all over North Carolina.

Courts and Lenders Plan to Alter Loans to Stave Off Foreclosures

A new bill that will allow bankruptcy courts to alter mortgages written by 'predatory lenders' was introduced to the House of Representatives on Friday. One lender, Countrywide Financial Corp, announced today that they will be altering 35,000 home loans this year as well.

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Library of New Home Loan Articles

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