CL Haehl - Articles

See 50 Things You Should Know Before Refinancing Your Home or Applying for a Home Equity Loan.

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Interest Only Mortgages - Things You Should Know
Interest-Only or "Interest-First" mortgages have been around for quite some time now, but have recently been exploding in popularity. Originally offered primarily in the non-prime market, interest only mortgages are now available as conforming loans and can come as a feature on a wealth of loan programs, including adjustable rate... Read
By: CL Haehl | 18/03/2007 | Finance
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Refinance Scams - A Few Things To Watch Out For When Refinancing Your Mortgage
Refinancing your mortgage is a big decision, and one that shouldn't be made blindly. Here are a few things to watch out for when refinancing your mortgage. Beware of a broker that is reluctant or refuses to disclose their YSP, or "yield spread premium". That term refers to the amount of... Read
By: CL Haehl | 18/03/2007 | Finance
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Cash Out Refinancing - A Few Things To Know About Cash Out Refinance
There's no doubt you have been inundated via e-mail, postal mail or even phone calls from lenders trying to convince you to cash out the equity in your home. The reasons for a cash out refinance are endless--debt consolidation, better rate/term, lower monthly payment, home improvements, college education financing, etc.... Read
By: CL Haehl | 18/03/2007 | Finance
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Good Credit
Whether you are buying a new home, refinancing or getting a home equity loan, your credit report is perhaps the most significant factor in determining your mortgage application's approval, interest rate and monthly payment. It is important that borrowers do everything they can to protect their situation during the application... Read
By: CL Haehl | 18/03/2007 | Finance
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Creative Financing For Your Mortgage - Pros And Cons Of Using Creative Financing
Why Don't We Hear More About Creative Financing? The largest majority of residential real estate financing is provided to home buyers by traditional mortgage lenders through traditional channels. However, there are multiple alternatives to the traditional mortgage that are unknown to most borrowers, and some of these alternatives present potentially... Read
By: CL Haehl | 17/03/2007 | Finance
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What Are The Riskiest Types Of Mortgages Loans Available?
With the plethora of loan programs expanding every year, borrowers are finding themselves faced with decisions about what loan type is best for their individual situation. The potential for difficulties and confusion is significant, and it is for this reason that borrowers seek to educate themselves about the various types... Read
By: CL Haehl | 17/03/2007 | Finance
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3 Things To Know About Jumbo Mortgage Loans
A jumbo mortgage loan is one whose total amount is over $417,000 - Loans above this threshold are only slightly different than those below, yet those differences can be dramatic to borrowers unfamiliar with such a marketplace. It is also important to note that the ceiling for standard mortgage loans... Read
By: CL Haehl | 17/03/2007 | Finance
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How Do Fha Loans Work?
The Federal Housing Administration (FHA) is a government organization that will offer insurance protection against the principle balance of a mortgage loan for those borrowers who would otherwise be unable to obtain residential real estate financing. Understanding that home ownership is a positive and powerful thing, and also considering that... Read
By: CL Haehl | 17/03/2007 | Finance
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How Much Does A Mortgage Broker Usually Make Off Of A Mortgage Loan?
Since compensation methods for mortgage brokers are not regulated by any government entity, it is important to note that brokers can charge whatever they want to for their services. Of course, since the number of brokers in the residential real estate market has steadily increased to the point where it... Read
By: CL Haehl | 17/03/2007 | Finance
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When Is An Adjustable Rate Mortgage A Good Idea?
Amid constantly changing reports about the state of the economy, the future of interest rates, and the mortgage lending industry in general, it has become extremely difficult for the average American to decipher such substantial amounts of information. Extracting the high quality, accurate and reliable data from the wealth of... Read
By: CL Haehl | 17/03/2007 | Finance