What Does Homeowners Insurance Cover?

Reader Question: “My mortgage lender said I need to have a homeowners insurance policy in place before I can close on the home. What does this insurance cover and how much does it cost?”
I can’t answer the cost question for you, because there are too many variables at work. The cost will vary based on [...]

Can I Refinance My Upside Down Mortgage Loan?

Reader Question: “I have heard a lot of conflicting information about this, so I thought I’d ask. Is it possible to refinance your upside down mortgage loan, and if so how would I do it?”
This subject has been in the news a lot lately. A staggering number of homeowners in the U.S are upside down [...]

Home Loans for People With Bad Credit - Gone for Now

Reader Question: “I know a lot has happened over the last couple of years, as far as banks and lenders go. So I was wondering if there are still home loans available for people with bad credit scores?”
You’re exactly right. The mortgage industry has changed a lot over the last year or two. For one [...]

A List of Popular Mortgage Companies - 2009 Update

I recently got an email from a reader asking for a list of popular mortgage companies in the U.S. She was planning to apply for a home loan soon, and she wanted to start getting quotes from lenders. It’s a hard question to answer point blank like that, because it depends on what you’re looking [...]