Columns / Mortgage Secrets

Can't qualify for mortgage? Think again

When I was a kid, my mom used to read me “The Little Engine that Could.” I couldn’t get enough of it. I asked her to read it over and over, and she did, mostly because she knew it was teaching me that positivity and hard work lead to accomplishment.

Loans offer hope to underwater homeowners

Underwater on your mortgage? You may not be stuck. There are special loan programs for virtually every type of loan, whether it is backed or insured by Fannie Mae, Freddie Mac, the Federal Housing Administration or the Department of Veterans’ Affairs.

Home loan rejected? There's a rule for that

I hate the words, “That’s just our policy.”

Down payment not only piece in mortgage insurance puzzle

Most buyers don’t want to pay for mortgage insurance because it benefits the lender by covering just the lender’s loan losses if the loan goes bad and the property is foreclosed.

What's in a point? In credit scores, big bucks

A 619, 639, 659, 679, 699, 719 or 739 credit score … … Can cost you thousands. A 620, 640, 660, 680, 700, 720 or 740 credit score can therefore potentially save you thousands.

What you know can save you big on mortgages

A home is typically the largest investment you’re ever going to have, and obtaining a mortgage can be a daunting and intimidating task.