Expert Mortgage Advice
Mortgage articles designed to help you learn everything you need to know about home loans created by Home Loan Center

• How to get the best second mortgage rates
  When it comes to evaluating second mortgage rates, you may find that the field is even larger and you are offered more choices that ever before. Beyond banks, credit unions, and other traditional lenders, you’ll find a wealth of options online, where comparing second mortgage rates is a snap.
• Saving money with a home equity line of credit calculator
  Using a home equity line of credit calculator can also help you decide which type of loan to choose. You may find that your needs are better served with the predictability of a second mortgage. Since the interest rate is fixed, your payments will never increase.
• Home mortgages and their tax advantages
  Individuals with home mortgages can breathe a collective sigh of relief, as their hard-earned monthly payments usually result in substantial deductions on their annual income tax returns.
• Benefits of Current 30 Year Mortgage Rates
  Despite some softening of the housing market in recent months, there are still a number of compelling reasons to take advantage of current 30 year mortgage rates with a new home loan.
• No Credit Check Mortgages
  While any legitimate lender will require a credit check at some point, there are many who specialize in helping borrowers with bad credit. They have helped people in your situation find the right home loan at an affordable rate.
• Home Refinancing and the Mortgage Moms
  When it comes to major purchases or home refinancing decisions in today’s economy, the female head-of-household (or co-head) plays a key role and should not be taken for granted.
• Is This a Good Time for a Second Mortgage Loan?
  One of the most popular options is the home equity loan, often referred to as a 2nd mortgage. In general, these types of loans feature a low fixed rate, and are paid to the borrower in a single lump sum.
• Bad Credit Refinancing
  Bad credit refinancing affords you an opportunity to recover from a financial “train wreck,” regain control of your money, and potentially improve your credit standing. Here’s how it works:
• Going Green with Low Home Mortgage Rates
  While the most obvious way to save money on your home is by securing a low mortgage rate, savvy homeowners can also reap financial benefits from the latest energy-efficient products and environmentally-friendly technology.
• What do Interest Rate Hikes Mean for Your Mortgage?
  You’ve probably encountered a story about mortgage rates and you might wonder how the Fed determines interest rates and how – in the event of a rate hike – your personal finances could be affected.
• Smart Uses for a Home Equity Line of Credit
  The most important consideration when borrowing against your home’s equity is that you use the money wisely. Be sure you’re improving your immediate financial situation without jeopardizing the future.
• How to Avoid Mortgage Scams
  Mortgage scams can cost a lot – in fact, they can result in the loss of your home. Guard yourself against con artists with a little background on common mortgage scams:
• How to get a Bad Credit Home Loan
  Your credit score plays a key role in many aspects of your life, including the process of applying for a loan. Lenders scrutinize your payment history on all previous loans, bankruptcy filings, and other financial factors.
• How Interest Rates Affect Your Mortgage
  Watch federal interest rates closely, as shifting rates could make a significant difference in your home loan options. Interest rates affect the type of mortgage you choose and dictate when it’s wise to make a change.
• Cash-out refinancing made simple
  Cash-out refinancing involves refinancing your mortgage for an amount larger than what you currently owe, and pocketing the difference. As a means to access substantial funding, it's hard to beat cash-out refinancing.
• Frequent Flyer Miles with a New Home Loan
  There are many great reasons to refinance. With lower cost, adjustable rate, and 0-down options, traditional loan programs like 30-year or 15-year fixed rate mortgages don't always meet our financial goals.
• Smart Mortgage Moves in a Changing Market
  Industry experts disagree on the subject, but many caution that the housing "bubble" may burst soon. You cannot control home prices, but you can protect yourself from a potential downturn in the real estate market.
• Tax Benefits of Homeownership
  In terms of investments, purchasing a home is probably the biggest one you will ever make. Moreover, it can be the wisest, due partly to a number of tax advantages the government has instituted.
• 5 Great Reasons to Refinance
  There are many great reasons to refinance. With lower cost, adjustable rate, and 0-down options, traditional loan programs like 30-year or 15-year fixed rate mortgages don't always meet our financial goals.
• Home Equity or Refinance - Which is Best for you?
  How do you choose the right loan? Depending on your financial goals, you may want to take the tax benefits of a home equity loan over the lower payment of a cash-out refinance.
• Say Good-Bye to Your High-Interest Debts
  Being a homeowner has its privileges. One nice perk is being able to say good-bye to your high-interest debts.
• What is a Home Equity Line of Credit?
  A Home Equity Line of Credit (HELOC) lets you borrow what you need, when you need it. You use cash from your home's equity at your convenience, and only pay for what you spend.
• What is a Home Equity Installment Loan?
  A Home Equity Installment Loan (HEIL) is a fixed rate loan, where your interest rate and annual percentage rate (APR) will stay the same through the life of your loan.
• What is a Home Equity Line of Credit?
  A Home Equity Line of Credit (HELOC) lets you borrow what you need, when you need it. You use cash from your home's equity at your convenience, and only pay for what you spend.
• Mortgage Interest Rates 101
  The information provided below will give you a helpful start to finding the answers for your home financing needs.
• The Advantages of Home Ownership
  Being a first time home buyer brings with it many personal and financial advantages. By committing to home ownership, you have achieved a common dream. If you want to save more money from month-to-month, an ARM may be right for you.
• What are Adjustable Rate Mortgages
  An Adjustable Rate Mortgage (ARM) can benefit a homeowner who is looking to stretch a monthly budget.
• Home Buying Tips and Advice
  Purchasing a new home may have you climbing the walls, but with our help and the tips we provide below, you should be well on your way to a stress-free home purchase.