Home Equity Line of Credit (HELOC): What You Need to Know
With home values rising in most areas of the country, many homeowners are interested in a home equity line of credit to access cash — especially to fund…
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Lee Nelson
Lee Nelson is a Chicago-based writer whose work has appeared on Realtor.org, Yahoo! Homes, TheMortgageReports.com, and more.
Articles by Lee Nelson
What Are Assumable Mortgages and How Can You Get One?
When Carol Addy began in the mortgage industry more than 20 years ago, assumable mortgages were quite well known. Some of them even allowed the buyer to take…
Can You Get a Mortgage with Disability Income?
Those with disabilities and disability income can qualify for these special home buying programs as well as standard mortgage loans. Qualifying for a mortgage with disability income Life…
USDA Income Eligibility | How Much Can You Make and Get a USDA Home Loan?
There is hope for borrowers who cannot get a conventional loan and have low to moderate income. The USDA loan program offers no-down-payment, 100 percent financing through a…
Cosigning a Mortgage for an Adult Child
Even if your adult child is hardworking and responsible, they may be struggling to get a mortgage. The problem could be their lack of credit history, strict lending…
HARP 2.0 & Underwater Mortgage Refinance Options
Editor’s Note: The HARP program expired December 31, 2018, and a popular replacement option, the Freddie Mac Enhanced Relief Refinance (FMERR) loan expired September 30, 2019. However, Fannie…
8 Tips To Have an Awesome Mortgage This Year
There has been a lot of news lately about rising home prices. But if you are thinking about buying a house this year, there are plenty of things…
What is a pre-foreclosed property, and how do you buy one?
With home prices rising in some areas, a pre-foreclosed home can be quite attractive financially. When a property is in pre-foreclosure, the owner still has a chance to…
Mortgages for Condos & Townhomes | Financing Options 2026
Your real estate agent has shown you two perfect homes for the same price — one is a condominium with great amenities and the open floor plan you…
How Not To Turn Your Home Loan Pre Approval Into Just Another Piece of Paper
Your home loan pre approval is necessary to make your home purchase a done deal. But the wrong moves can make that piece of paper worthless. He couldn’t…