Mortgage Learning Center

Our experts are committed to helping you understand the home buying & financing process, including mortgages, so that you can make smarter decisions. We’ve pulled together answers to your important mortgage questions, including tips on how to approach shopping for a home loan as well as how to get the best rates & deals. Learn how to select a mortgage lender & real estate agent, negotiate the best price, and best time a refinancing. Plus, understand how mortgage decisions can affect your credit score. Use Credit.com’s free credit report card to find out where you stand today.


What Is an Interest-Only Mortgage?

An interest-only mortgage delivers low monthly payments for several years. That may sound great, but does it make sense for you? In the first few years of an interest-only mortgage, you only are required to pay the interest portion of a home loan. And this means years of very low, rock-bottom mortgage payments. The interest-only […] Read More

How to Buy a Foreclosed Home

Buying a foreclosed house can be an affordable way to buy a home. But first, here are four things to consider before you start shopping. Get Help From a Real Estate Broker Who Specializes in Foreclosed Homes Some real estate brokers and agents have relationships with banks, and broker the selling of the banks’ foreclosed […] Read More

How Can I Get My Short Sale to Not Affect My Credit Score?

Short selling allows you to avoid foreclosure on a home. Unfortunately, there is no way to avoid the damage a short sale does to your credit score.  A short sale can knock as much as 160 points off your credit score. Like a foreclosure, a short sale is considered a derogatory item and it will […] Read More

How Selling Your Home Can Impact Your Credit

Are you getting ready to sell your home, but wonder if it will affect your credit? Selling your home could impact your credit in a few key ways. Let’s take a look… Impact On Your Payment History Having a mortgage with a positive payment history is a big plus for your credit. When you sell […] Read More

How to Refinance Your Home Loan With Bad Credit

Looking for a way to refinance your home when you have bad or blemished credit? You do have refinancing options and you don’t need perfect credit to qualify. Check Out HARP 2 One option to consider is HARP 2, the revamped federal Home Affordable Refinance Program. There are no loan-to-value restrictions in this refinancing program. […] Read More

Financing Your First Investment Property

When it comes to buying a real estate investment property, the first deal is the hardest. I know this from personal experience. I kept talking about buying a rental property for several years until my husband finally took the initiative, found a property, and made me buy it. Read More

Mortgage Refinancing Guidelines

Refinancing your existing home mortgage can save you a lot of money if done correctly. This worksheet from our loan experts will help you figure out if now is the right time to refinance your mortgage. Read More

Property Taxes and Your Mortgage

The rules and amount vary widely from state to state, but everyone pays property taxes. In fact, this is usually the main source of local government funding and is generally based upon the home’s value. Read More

How to Determine Your Monthly Housing Budget

What measures determine home affordability? Mortgage lenders have traditionally expected borrowers to have a housing expense ratio of 28% or less. The housing expense ratio is an indication of a borrower’s ability to make the payments on their mortgage loan. Read More

How to Search for Your Next Home

Why is searching for a home important? The home search is an important aspect of the home buying process – getting a feel for price ranges and availability in the neighborhood(s) you are looking in, learning about new neighborhoods, and fine tuning your list of criteria for a potential home is a must when you are getting ready to buy. Read More

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