How to Finance

Figure Out Your Financial Strategy

Start by asking yourself: How long do I plan to live in the house I buy?

Types of Mortgages

Do you know the difference between an FRM and an ARM? Get a crash course on mortgage products.

More on Finance

  • Ask homeowners who have lost their homes to foreclosure and a surprisingly large number complain that they were unaware of important mortgage features when they signed on the dotted line. Whether you…   Read the Article

  • Many buyers associate buying a foreclosure with getting a steal of a deal. This can be true, but there are also potential pitfalls. The pros and cons of buying a home involved in foreclosure vary…   Read the Article

  • Foreclosure is far from the worst thing that could ever happen to you. If your home ends up in foreclosure, chances are there are lots of things you should thank your lucky stars for: your family,…   Read the Article

  • If you have missed more than three mortgage payments, or your lender has filed a Notice of Default (NOD), you might think the loss of your home is inevitable. Even at this stage, there are five…   Read the Article

  • For parents, buying a home off campus for their kids to live in can be a very pragmatic business decision. Investing in college-town real estate can also make sense for alumni or other investors looking for a property that generates a steady cash flow in a location they love — if they're willing to put up with the heightened potential for property damage, continuous repairs and occasional evictions from student tenants who don't feel responsible for taking care of the property.

    When foreclosure looms, many homeowners try to sell their homes. For them, the goal is not just to get the home sold, but to do it quickly. Foreclosure rates are the highest in buyer’s markets, when…   Read the Article

  • Why would an impersonal institution -- a mortgage bank -- want to compromise with a homeowner who is behind on his payments? Well, some banks have more of a “compassionate personality” than others,…   Read the Article

  • If you have missed fewer than three mortgage payments or are anticipating that you might have to miss them in a month or so because of life circumstances, put your smarts in action and implement this…   Read the Article

  • Foreclosure is the sequence of legal proceedings by which a lender sells or repossesses a home when the homeowner has stopped making payments on the mortgage. As a homeowner, understanding the…   Read the Article

  • Concerns about job loss, uneasiness about the economy and looming personal or medical expenses have forced some potential homebuyers to put their dreams of homeownership on the fence. While…   Read the Article

  • We fear what we don’t understand. The concept of “foreclosure” is frequently misunderstood and frequently feared. Understanding the concept of foreclosure with precision maximizes your ability to…   Read the Article

  • Zillow Real Estate Search