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First and foremost, the objective of an investor who specifically wants to turn around a home ASAP in order to profit from its appreciation-from the time he steps into the developer’s model home or trailer and puts the home under contract-is to put the least amount of money down as possible. I’ve said it many times, and that is, leverage is the eighth wonder of the world. If an investor is limited to $50,000 in which to apply earnest money around as a down payment, it’s best to leverage into 10 deals at $5,000 a crack than leveraging into three…

The question we have been asked most often since beginning to write mortgages has been, How Do I Know When It’s Time to Refinance? The old, conventional wisdom said that it should be done when rates go down 2% lower than your current mortgage, but this rule of thumb is too simplistic. The higher your loan balance, the less of a percentage difference in rate is needed to make the closing costs worthwhile.

Do you have a large non-conforming mortgage that was not purchased by Fannie Mae or Freddie Mac? Are you upside down and owe more than the house is worth? If so, you are part of a large group of homeowners who are considered the most likely to default on their mortgage over the next 12-18 months. Read more to find out what some homeowners are doing to take advantage of this exact scenario.

Borrowers with bad credit can still get home loans. With bad credit it is easy to give up, but online lenders are willing to take more risks and help you own your own home.

Even in times of financial difficulties, home loans for those with bad credit are available. As long as the necessary criteria is satisfied, and some signs of credit improvement exist, lenders are willing to lend.

Getting home loans with bad credit is not impossible, but there is some valuable information that can help to make the application all the more likely to be approved. Knowledge, after all, is power.

We all hear about the great benefits of having a home mortgage. Banks and many financial advisors and accountants tell clients to keep their home mortgage even during retirement. Let’s dispel some common home mortgage myths.

Seniors seem to be gaining clarity of the purpose for a reverse mortgage with over 72,000 FHA HECM loan units completed in 2010 and close to that for 2011 expected, which is low compared to 2006-2009 when the industry peaked. Industry wide changes are on the horizon for senior homeowners who want to take out a reverse mortgage in the coming year though here are a few of the changes that can be expected in the coming year. Here are a few changes to expect:

Looking at reasons to refinance your mortgage. Includes the advantage and pitfalls of each reason.

Getting a home mortgage loan with bad credit is a complicated process. By understanding your FICO credit score and its impact on your loan application you will be better able to find a loan.