Home Loans (The Right Home Loan)

15, 30, 40 Year Loans

• What about splitting my mortgage in two and paying bi-weekly?
• Are 40-year mortgages a good idea?
• What about a 15-year v. 30-year loan?

Contacts for Home Loan Options

• Where do I get information on who regulates lenders?
• Where do I get information on finding the best loan?
• Where can I get a list of mortgage brokers?
• Where do I get information on the secondary market?
• Where do I get information on correcting loan payments?
• Whom do I contact about home loan options?
• Where do I get information on VA loans?

Fixer-Upper Loans

• Are there government programs for rehabilitating real estate?
• Are there any special tax breaks for historic rehab?
• Are there programs for fixer-uppers?
• Are there government programs for rehab?
• What kind of return is there on remodeling jobs?
• Where are fixer-uppers found?
• Are there government programs for rehab?
• Are there any special tax breaks for historic rehabilitation?
• Can you deduct the cost of home improvements?
• Are fixers a good idea in bad areas?
• How do building codes work?

Interest Rates

• Where can I find current interest rates on Wamu.com?
• Where do I get information on lease options?
• What are the most popular ARM indexes?
• What are rates for FHA and VA loans?
• How do I monitor my ARM loan?
• What are adjustable-rate mortgages (ARMs)?
• How do adjustable rate loans change?
• What is the value of a mortgage lock-in?
• Where can I get adjustable rate loan info?
• How do lease options work and what are the benefits?
• How do you get a low-interest rate loan?
• What is APR?
• How do you lock in an interest rate?
• How do you choose between fixed and adjustable rates?
• Are interest rates negotiable?
• What is a lease option?
• What is a lease?

Low Down Loans

• Where do I get information on PMI?
• Are there low-down-payment home loans?
• Can I get a HUD home for as little as $100 down?
• Are there alternatives to low-down-payment loans?
• What is a low down payment?
• Does Washington Mutual Offer low-down-payment loans?
• What is Fannie Mae's low-down program?
• Is PMI always required on low-down home loans?
• Who do I call for a low-down-payment loan?
• Should I put more or less down, if we can afford it?

Negative Amortizations

• Can I convert a negative-amortization loan to a regular loan?
• What is negative amortization?
• When is a negative-amortization loan a good idea?

No Money Down

• What about nothing down?
• Are there no-down-payment home loans?
• Is equity sharing a good idea?

Prepayment

• What is a prepayment clause?
• How do you find out if a loan is assumable?
• What is a wrap-around loan?
• What is a prepayment penalty?
• Are FHA loans assumable?
• What are assumable loans?

Rates and Points

• Where can I find current interest rates on Wamu.com?
• What are points?