Home finance can be an overwhelming topic. The amount of detail involved in home financing can be a dizzying experience. Regardless of if you’re in the market to buy a new home or you’re thinking about using your equity in your current house, Bills.com has all the information and finance options you need.
Bills.com can help you find a quality lender, through our innovative ‘Savings Center’, who will have a loan that fits your needs, whether it is a loan for a purchase, a first mortgage refinance, a Home Equity Line of Credit (HELOC), or a Reverse Mortgage. Don’t move forward on any home finance option without utilizing all of the useful information about home finance at Bills.com
Read a personal story about home finance and gain a better understanding of what's involved.
Home finance success story
Treasury's Paulson Says Fresh Capital Will Strengthen GSEs
U.S. Treasury Secretary Henry Paulson said he is
pleased Freddie Mac and Fannie Mae are committed to raising more
capital this spring, calling reform of the government-sponsored
enterprises the...
mortgagenewsdaily.com
Fed's Lacker Sees Economic Growth Accelerating in 2009
Richmond Fed President Jeffrey Lacker (non-voter)
said economic growth should pick up next year and that withdrawing the
fiscal stimulus as growth risks fade makes "eminent sense".
Speaking at...
mortgagenewsdaily.com
Co-Signer: an individual who signs on the loan but doesn’t have ownership of the property being signed upon. A co-signer is not named as a primary on the title of the property; rather he/she is leveraging his/her credit to help the primary borrower qualify for the loan. However, the co-signer is responsible for payment of the loan if the borrower defaults on payments.
First Mortgage: the primary mortgage on a property. In some cases, multiple mortgages are obtained to purchase property. Regarding repayment of multiple mortgages, the lender with the first mortgage is paid first.
Loan Servicing: the process of maintaining a loan from the time it’s closed to when the last payment is made and received. Services often include billing the borrower and collecting payments, escrowing tax, and insurance payments.
| program | apr |
|---|---|
| 30 Yr Fixed | 6.51% |
| 15 Yr Fixed | 6.04% |
| 30 Yr Fixed Jumbo | 7.53% |
| 15 Yr Fixed Jumbo | 6.93% |
| 3/1 ARM | 5.63% |
| 5/1 ARM | 5.79% |
| 7/1 ARM | 6.09% |
| 10/1 ARM | 6.38% |
| 3/1 ARM (I/O) | 5.58% |
| 5/1 ARM (I/O) | 5.83% |
| 7/1 ARM (I/O) | 6.1% |
Home Finance Advice - 20 Questions for Your Lender
Home finance has blossomed into an incredibly diverse and complicated industry. Here are 20 questions to ask your lender.
New home financing questions
5 Tips to Slash Your Home Finance Costs
Learn five tips to slashing your home finance costs and saving you a bundle.
Home owner finance costs
Bad Credit Home Finance Options
Have bad credit but still want to purchase a home? Learn everything you need to know for your bad credit home finance.
Finance bad credit home loans
Avoiding Mortgage Mistakes that can Cost You Money
If you are planning to get a mortgage, then you should make sure that you avoid a number of common mistakes that will leave you paying too much money or getting into financial difficulties.
Deadly mortgage mistakes