2007 By Daren Newman - BroadwayCapitalGroup.com

Real estate experts tell first-time home buyers that it's critical to apply for a mortgage loan before shopping for a home, and it's true; this is an essential first step. But do you know that it's far better to be pre-approved for a loan than to be pre-qualified? >>

2005 By Daren Newman - BroadwayCapitalGroup.com

Home equity loans are typically junior loans and should not be confused with a basic refinance, which means paying off an existing mortgage and replacing it with another loan. >>

Reputable lenders will find out more about you before throwing out Mortgage Loan options. You wouldn't expect a doctor to suggest surgery before she assessed your medical situation, would you? >>

Whether you are financing the purchase of a home or refinancing your existing mortgage loan with a new loan, you will prepay interest. How much interest is prepaid will determine on when you want your first payment to begin >>

The no-brainer move - refinancing a mortgage for a lower interest rate - is off the table for many because rates are well off their lows. >>

Buying a home involves more out-of-pocket than just the down payment. There are also closing costs to pay for items such as title policies, recording fees, inspections, courier charges, reserves to set up an impound account and fees that a lender charges >>

Borrowers gravitate toward fixed-rate mortgages in-lieu-of adjustable-rate mortgages because they like the security of knowing exactly how much they will pay per month for principal and interest >>

In the world of real estate mortgage financing, the most complex loan program is an adjustable rate mortgage product called the Option ARM. Mismanaged, it could cost a home owner their equity >>