Each lender has different timing when it comes to locking rates. Learn how long you can lock in a mortgage rate and the costs associated.
Read more
Advertiser Disclosure
Mortgage articles
Doing research and comparing mortgage rates and lenders can save you thousands of dollars on your home loan. Read articles, how to guides and latest news in Banks.com for a brighter financial future.
Mortgage articles
Are you looking to purchase a second property and need cash for the down payment? Discover if you can use a HELOC for the down payment.
Read more
Learn what a home equity conversion mortgage (HECM) is and how it is backed by the Federal Housing Administration (FHA).
Read more
Asset-based mortgages are home loans that are for borrowers with a substantial amount of liquid assets. Here’s what eslse you need to know.
Read more
Before you shop for a new home, it’s vital to calculate how much of your income should go to the monthly mortgage payments.
Read more
Reverse mortgages let seniors boost their retirement income and eliminate their monthly mortgage payments without taking on more debt.
Read more
Getting pre-approved lets you know how much home you can afford and gives you more power as a buyer. Here’s how the process works.
Read more
There are two types of mortgage points: origination points and discount points. This guide dives into how each works.
Read more
It’s possible to have two HELOCs on the same property. Here’s what you need to know about taking out a second HELOC.
Read more
If you have enough equity in your home, you may be able to get rid of private mortgage insurance (PMI) and lower your monthly payment.
Read more
You can refinance your mortgage to get a lower monthly payment, interest rate or change the loan term. Here’s how to decide if it’s for you.
Read more
It’s possible to buy a home after bankruptcy, but the waiting period depends on the lender and home loan product you select. Learn more.
Read more
You can use a HELOC to buy an investment property but be sure to evaluate first to determine if it’s the best financing solution for you.
Read more
Getting a jumbo loan generally requires more stringent eligibility criteria. Learn more about the ranges and what else you need to qualify.
Read more
The lending process for investment properties is similar to what you’ll find when taking out a traditional home loan. Here’s what to expect.
Read more
It can be challenging to get approved for a traditional home loan as an independent contractor but there are private lenders you can turn to.
Read more
It’s possible to get a mortgage without tax returns but you need to find a reputable private lender to help you navigate the lending process.
Read more
No doc loans are a viable option to purchase an investment property. Here are some facts you should know before applying for funding.
Read more
Weigh the pros and cons of a reverse mortgage to ensure it's the right solution for you to supplement your retirement income.
Read more
Considering a jumbo mortgage for your primary residence or investment property? This guide will reveal key details about this type of loan.
Read more
Learn more about the reasons why people refinance their homes to see if it makes sense for your particular circumstances.
Read more
Can you deduct interest paid on a Home Equity Loan or HELOC from your taxes? Learn in which cases it is deductible and how to claim it.
Read more
Learn what earnest money means when buying a house and how it assures the seller you are serious about purchasing the home.
Read more
Some home loans can be refinanced right away. Others have waiting periods. This guide explores timelines for various mortgage products.
Read more
People use FHA loans to make homeownership accessible, but closing costs can be an obstacle. Do FHA loans cover closing costs? Find out now.
Read more
Second mortgages let you tap into your home’s equity to get the cash needed for debt, costly home repairs or other big-ticket purchases.
Read more
A HELOC can help you buy a home, but is it the best way to finance a home? Discover the pros and cons of HELOCs and home equity loans.
Read more
Learn the number of times you can refinance your home and the situations when refinancing may make financial sense before moving forward.
Read more
Stated income mortgages are not longer available. But discover alternatives if you’re having trouble qualifying for a traditional mortgage.
Read more
Jumbo mortgage rates are sometimes higher than what you’ll find with conventional mortgages. But this isn’t always the case. Here’s why.
Read more
Learn how to buy a house with a 1099, and discover mortgage loan options that cater to independent contractors.
Read more
An Investor Cash Flow Loan is a mortgage program that lets real estate investors use projected cash flow on property to qualify for a loan.
Read more
Discover how much you will have to pay in VA loan closing costs and what to expect in the process when closing on a VA loan.
Read more
DSCR loans are a viable option for investors looking to expand their portfolios. Here’s what you need to know about loan requirements.
Read more
It’s possible to qualify for a mortgage if you’re self-employed, but you’ll likely have to provide additional documentation to get approved.
Read more
Learn how bank statement mortgages help make home ownership more accessible to borrowers with non-traditional income.
Read more
Find out the pros and cons of FHA loans to decide which is right for you, discover more about a lender that has the best home loans for you.
Read more
Find out what the maximum LTV is for a home equity line of credit plus learn other ways to get cash from your mortgage with easy refinance.
Read more
Low doc loans are a flexible mortgage option if you can’t get approved for a traditional home loan. Here’s how to qualify.
Read more
Read this guide to learn about home equity loans and HELOCs to decide which is best for you and discover how to get cash out of your home.
Read more
The interest rates for jumbo loans are often higher than conventional loans. Still, a jumbo loan may be a good fit for some homebuyers.
Read more
Most lenders require a down payment of at least 10 percent for a jumbo loan. This guide explains why and discusses other costs to consider.
Read more
Private mortgage lenders are known for their fast approval and funding. As self-employed, how do you choose one? Here’s what to look for.
Read more
If you’re self-employed and want to get a mortgage, lenders will always want to prove your income. Read on to learn how you can calculate it.
Read more
A non-traditional mortgage doesn’t have conventional loan features. Find out all you need to know about non-traditional mortgage loans.
Read more
Renovating your home soon and need cash to fund the upgrades? Refinancing could be a good option. But it may be best to hold off. Here’s why.
Read more
Choosing the best non-prime mortgage lender is challenging for first-time home buyers. Here’s what to look for in non-prime mortgage lenders.
Read more
FHA loans are government-insured mortgages with flexible criteria. This guide details the eligibility criteria for these loan products.
Read more
Traditional mortgage lenders serve 1099 income-earners. Learn about non-traditional lenders to prove your income in a different way.
Read more
Tapping into home equity is great but is it possible without refinancing? Yes, here’s how to get equity out of your home without refinancing.
Read more
Learn how a jumbo loan works, and what requirements mortgage lenders will ask to qualify for this type of home loan.
Read more
Before you apply with a mortgage lender, understand how refinancing works and how long you need to wait before you can refinance your house.
Read more
If you don't have the income documentation traditional lenders require, learn how you can get a home loan with no W2 income proof.
Read more
Are you wondering how long a preapproval letter for a mortgage is valid? It depends on the lender, so read on to learn more.
Read more
Are you a real estate investor seeking to expand into rental properties? Read how asset-based lending could be an option for you.
Read more
Using your home equity to renovate is one of the best ways for homeowners without enough cash. Here’s how to use home equity to renovate.
Read more
Learn what lenders may request as proof of income to verify your earnings before approving you for a home loan.
Read more
HELOCs and cash-out refinance loans let you convert a portion of your home’s equity into cash. Here’s how to decide which is right for you.
Read more
No doc mortgages are loans that are accessible to borrowers who are unable to provide standard income documentation, like W2s or pay stubs.
Read more
Refinancing your mortgage is one of the many ways to lower your rates and monthly payments. Here’s how to refinance an investment property.
Read more
A non-QM mortgage is a loan that does not meet the standards set by CFPB. Here’s how non-qualified loans work and where to get one.
Read more
Are you looking to lower your monthly mortgage payments? Here are 11 ways to lower your mortgage and free up some cash for other obligations.
Read more
Reverse mortgages cater to soon-to-be retirees looking to trade in their home equity for cash, but they come with costly disadvantages.
Read more
If you’re a first-time homebuyer looking for a mortgage, you might be torn between FHA vs. conventional loans. Here are the differences.
Read more
Stated income loans are no income verification loans that existed in the early 2000s. Do lenders offer them today? Keep reading to find out.
Read more
Learn how a bank statement loan allows you to get a mortgage using bank deposits rather than tax returns. Know if it's right for you.
Read more
Home equity financing options help you get extra cash. Discover the pros and cons of a reverse mortgage vs. a home equity loan.
Read more
Torn between a fixed-rate and adjustable-rate mortgage? Here’s how to evaluate and decide which is best for your financial situation.
Read more
A reverse mortgage may not the best way to tap into your home’s equity. Read about the downside to a reverse mortgage and a better solution.
Read more
Refinancing your mortgage can be beneficial but is not without costs. Learn more about the process and the cost to refinance a mortgage.
Read more
Your home equity provides a useful funding source. Discover how to use home equity to fund purchases and keep up with expenses.
Read more
Wondering how much home equity you can borrow? Discover what you can get, and how to tap into home equity without a loan.
Read more
If you want to get cash from your home equity, learn how long a cash out-refinance takes, how it works and what documents you need to apply.
Read more
What is home equity? We’ll cover the details and share how to calculate home equity. Discover how much money you can qualify for.
Read more
How much money can you borrow from your home? This home equity line of credit calculator will give you the answer.
Read more
Read on to discover how much the average homeowner put down last year and the minimum down payment requirements by loan type.
Read more
A piggyback loan is a second mortgage that can help you avoid PMI, jumbo loans or high interest rates without making a hefty down payment.
Read more
Equity in real estate is the difference between the mortgage balance and property value which you can convert to cash to use how you see fit.
Read more
If you want to convert home equity into cash, here’s a breakdown of a cash-out refinance's pros and cons and how this mortgage product works.
Read more
If you are considering taking equity out of your home, learn about the requirements of a home equity line of credit and other options.
Read more
Learn the differences between a home equity loan vs. a mortgage and about an alternative to access home equity without taking a loan.
Read more
Learn how a revolving line of credit lets you borrow up to the credit limit on an as-needed basis, and other alternatives to consider.
Read more
Learn more about how to get a home equity line of credit, and other options to access home equity without a loan.
Read more
Learn more about your options to access the equity in your home and if you should consider home investors for this process.
Read more
If you want to purchase a second home, learn how to use your home equity or refinancing your mortgage to finance it.
Read more
There are several ways how to build equity in your home so you can maybe convert it into cash. Keep reading to learn more.
Read more
Explore loan options to take equity out of your home, along with a viable alternative If you’d prefer not to take on a loan or extra debt.
Read more
Learn how you can use a home equity loan or HELOC to pay off your mortgage, and an option without added debt or monthly payments.
Read more
A home equity loan may or not be a good idea, depending on your financial situation. Here’s how to decide and a debt-free alternative.
Read more
Learn how a bridge loan vs. a HELOC can help you get the funds for a down payment to buy a new home before you sell your current one.
Read more
In this guide, you’ll learn how to evaluate things to consider before choosing a home equity investment company.
Read more
A shared appreciation mortgage caters to aspiring homeowners, while home equity investments allow you to access home equity without a loan.
Read more
Reverse mortgages and home equity loans allow you to pull cash from their property. See how they differ and which option is most suitable.
Read more
Home equity loans or HELOCs aren’t the only way to tap into your home’s equity. Consider home equity investments for a debt-free solution.
Read more
The timeline for receiving a home equity loan depends on several factors. Fortunately, there’s a quicker way to access your home equity.
Read more
Want to unlock your home equity without borrowing? Consider a shared equity agreement to get cash that can be used how you see fit.
Read more
Looking for alternative ways to tap into your home's equity? Discover the various options available to homeowners in this helpful guide.
Read more
Are you considering home co-investment to unlock the equity in your home? Learn how co-investing in real estate works.
Read more
Read more about the key requirements for a home equity loan to increase your approval odds and how to find a loan with competitive terms.
Read more
Mortgage application fees are unavoidable but there are ways to save money. We’ve got the breakdown on how to negotiate their price.
Read more
