Loans-Mortgages-loan types-down payment-credit history-financing-refinancing

Information about important financial issues when
buying a home. Loans, mortgages, down payment,
credit history, financing, refinancing and more!
All to help you be an informed buyer!

Your financing options - an explanation of different types of loans and mortgages.
What you need to know about your down payment - including private mortgage insurance (PMI), gift funds, closing costs.
Your personal finances - what you'll need for the lender.
Mortgage payments explained - interest, and payments towards the principal balance (equity).
What you need to know about an adjustable rate mortgage (ARM) - get to know terms like index, margin, ARM adjustments, teaser rates, plus interest rate cap and payment cap.
How much you can afford - prequalification vs. preapproval, ratios, and ways to improve your purchasing power.
15 year loan, 30 year loan, or a biweekly mortgage - learn the advantages of different lengths of loans.
Comparing interest rates through points - should you pay higher points now?
Your credit history - your credit report and how to resolve problems.
Refinancing a loan - when to refinance, and refinancing factors.

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Loan and Mortgage Information