Home Mortgage Handbook

Making your mortgage payments on time is the best way to avoid foreclosure.  Job loss or health problems can put you in a bad spot financially, and one of the worst case economic disasters for anyone is a foreclosure.  If you are unable to make payments...

I decided I should take some time to discuss the dreaded foreclosure.  A lender may foreclose on your home if you fail to meet certain conditions associated with your loan, typically non-payment.  The house may then be sold, and the money gained from...

It is very important to understand the terms and conditions of each kind of loan, so that you can choose one that best suits your needs.
Fixed Rate:  Includes a specific loan repayment amount.  This type of loan protects you from any interest rate rises....

A reverse mortgage is a special kind of loan insured by the government that converts your equity into cash.  Unlike a traditional mortgage where the homeowner is making payments to the lender, the lender makes payments to you.  You can choose to receive...