•3 Primary Types Of Home Mortgages
There are three major types of home mortgages - fixed rate mortgages, adjustable rate mortgages and balloon mortgages. Each of these types have their own sub types, depending on the length of their terms and overall flexibility. To learn more about the three major types of home mortgages, along with their benefits and disadvantages, keep reading.
Fixed Rate Mortgage
The fixed rate mortgage is the standard, traditional mortgage. This is the mortgage your parents probably had. It's easy to...
•Eight Steps To Getting A Home Loan And Buying A House
Step 1 - Know How Much You Can Afford
Before you start looking for a house, you need to know how much you can afford in terms of monthly home loan payments, property taxes, maintenance and your general living costs.
Ginne Mae, a government housing initiative, offers a free calculator to help you figure out how much house you and your family can actually afford. It's available online at - http://www.ginniemae.gov/2_prequal/intro_questions.asp?Section=YPTH.
Step 2 - Know Your Rights
Whether...
•Home Mortgage - 4 Key Qualification Requirements
When you apply for a mortgage, your loan officer, broker or underwriter is going to take you through the application process and then ask you to provide proof or documentation supporting your answers. To learn more about how that application process works and exactly what it takes to qualify for a mortgage, keep reading.
Income
The first concern a loan application will ask about is your income. They'll want to know your gross income. To verify your income, you'll need to provide either your...
•Mortgage Advice For Frequently Asked Mortgage Questions
As you start your search for a mortgage, there are a few questions you need to ask yourself in order to narrow your search and know what you're looking for. Unfortunately, the answers to those questions aren't always easy. For some honest mortgage advice on the answers to your mortgage questions, keep reading.
Fixed Rate Mortgage or ARM?
If you plan to stay in the house you're planning to purchase for longer than 7 years or simply want stability in your monthly payments, pick the fixed rate...
•Wells Fargo vs. Chase Home Mortgages - What You Need To Know
For an overview of both Wells Fargo home mortgages and Chase mortgages to learn more about the services each offer, keep reading.
WELLS FARGO
Wells Fargo is one of the United States' most versatile mortgage lenders. They offer a range of refinancing products, mortgage programs, types of mortgages and arrangements for borrowers of all stripes and colors.
Home Buying Tools
The Wells Fargo website (http://www.wellsfargo.com/mortgage) is flush with a full guide on the home ownership process -...
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