3 points

Pros and Cons of HELOCS –

A good read on HELOCS from The Mortgage Professor Jack M. Guttentag.

2 points

Does it make sense to refinance now if a sale is planned later? - MarketWatch –

A couple of good questions on refinancing. Will it make sense to refinance if I'm planning to sell the property soon? Probably not faced by most homeowners but definitely worth to read.

2 points

How you can get in on mortgage refinance, modification plans - MarketWatch –

What is the loan modification and how you can use this government program to help the mortgage payment.

2 points

4 steps to refinance your mortgage –

Simple steps to refinancing your mortgage.

2 points

How to Repair a Bad Credit History –

No matter how bad your credit is, you can take steps that will make it better.

2 points

What is a reverse mortgage –

And what to ask when considering one.

1 point

Do you have enough equity to refinance? –

Appraisal of your home is crucial in determining whether or not you can refinance successfully.

1 point

Balloon loan payments –

With a traditional mortgage, each monthly payment comprises principal plus interest. In the early years of the loan, most of the payment goes for interest. Gradually, more and more of the monthly payments go toward principal. At the end of the term, the loan is completely repaid. This process of paying principal and interest until the loan is paid off is called amortization.

1 point

Rights of rescission –

Maybe you found better credit terms or you got cold feet. A provision of the Truth in Lending Act gives you the right to cancel certain real estate loans within three business days without penalty. It is called the right of rescission.

1 point

PMI or Piggyback Loan? –

Homeowners who make a down payment of less than 20 percent are usually required to pay private mortgage insurance (PMI), because they are considered to be at higher risk of default. PMI premiums are typically around half a percent of the interest rate, which is about $83 a month on a $200,000 mortgage.

1 point

Looking beyond rates –

The lowest interest rate shouldn't be the only factor to consider for the mortgage or loan package that you want to get.