The sad truth in America today is that the economy is not where we would like it to be and people are unable to afford their home mortgages. When that happens, they often end up facing foreclosure from their bank or mortgage company. There are more homes in foreclosure in America right now [...]

A foreclosure is a legal proceeding taken by a bank or mortgage lender against a homeowner who has defaulted on their mortgage loan. There are several steps in the foreclosure process; pre-foreclosure, auction, and bank owned. It is possible to buy homes during each of these foreclosure steps if you know where to [...]

With all of the different types of mortgages out there, it is difficult to know which one is the right one for you. Here is a quick rundown and brief explanation of a few different mortgages you should consider. Also remember, taking out a mortgage is only a good idea if you have the [...]

Let’s take a look now at some mortgage loan terms and what they mean. Adjustable rate mortgage is the type of mortgage where the interest rates change over time and are based on a set index or margin. Changes to your rate are made at set times and within set limits according to your contact. [...]