Read the Article  

  Read the Article  

  Read the Article  

Check out Federal Mortgage Services' Comprehensive Mortgage Glossary to learn the terms and speak of the mortgage financing industry.

Part of taking out a mortgage on your new home is dealing with interest rates. The below article goes over what interests rates are ideal and how you can calculate what your rate before you sign the deal on the dotted line.

If you're in the market for a new home, knowing what current lending rates are becomes one of the most important things in your life. As a percentage of a whole, the interest rate on a long term loan, particularly that of a mortgage, can add up to thousands of dollars and scoring as low an interest rate on a home loan as you can find would mean a huge break on your budget. The trick is actually getting a low-interest home loan.

Continue Reading...

While the country is in such a low, economic state, it can be hard to find a reliable lender for financing your home. The below article talks about how you can wiggle your way into marketplace and what you need to know to do it.

The recent epidemic of home foreclosures has created an environment of paranoia for both lender and borrower alike. At the heart of this paranoia is the Federal Government, which created haphazard conditions in which lending institutions were required, by law, to operate. The two banking entities adding kerosene to the home loan market bonfire are the Federal Home Loan Mortgage Corporation, or Freddie Mac, and the Federal National Mortgage Association, or Fannie Mae. Both institutions were created initially to provide a market pool by which federal funds would be used to secure mortgages in the event of default.

Continue Reading...

Curious about what Private Mortgage Insurance is? Not familiar with the term? The below article reveals all you need to know about PMI, and how it can protect you and your lender.

A new home usually comes with a mortgage these days. After all, not too many people can pony up a few hundred-thousand dollars up front and move right into a new house. But, with a home loan, most new home buyers can supply a down payment and meet a schedule of monthly payments until the end of the loan with little, or no, trouble. It's simply a matter of staying within the limits of one's budget when buying a home and staying on track to meet the obligations of the home loan. Since lenders don't want to end up losing money because a new homeowner defaulted on their loan, there are certain protections available to both the borrower and lender.

Continue Reading...