The CourthouseDirect.com Blog

Preparing to Refinance Your Home: What You Need to Know

Every year, hundreds of thousands of homeowners prepare to refinance their mortgages. In recent years, favorable financial conditions have led to an upsurge in this trend. While it's always advisable for homeowners to speak with financial ...
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HARP Refinancing Rules: What You Need to Know

  • CourthouseDirect.com Team
  • 01/27/2014
  • Mortgage
Since the housing market bust of the late 2000s, mortgage rates have remained at historically low levels. While there's no guarantee that this situation will continue into the future, most economists expect interest rates to follow a "new ...
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Simple Guide to Texas Home Equity Lending Laws

  • CourthouseDirect.com Team
  • 01/08/2014
  • Mortgage
Things aren't always bigger in Texas. To the delight of its homeowners, the Lone Star State boasts some of the country's strongest curbs on home equity lending. These effectively reduce the size of the average Texas home equity loan and ...
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How Will a Divorce Affect your Mortgage Payments?

  • CourthouseDirect.com Team
  • 12/16/2013
  • Mortgage
Divorce proceedings produce plenty of emotional, financial and logistical headaches. Worse, they can create repercussions and aftereffects that last for years after the initial separation. While it's virtually impossible to anticipate all ...
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Do You Really Need Private Mortgage Insurance?

  • CourthouseDirect.com Team
  • 12/06/2013
  • Mortgage
Whether you're a seasoned homeowner or looking to close on the purchase of your first residence, the prospect of buying a new home leads to plenty of important considerations. One of the most crucial of these is mortgage insurance. If ...
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Home Equity Loans 101: What They Are and How They Work

You've probably heard of home equity loans, but you might be unclear on what these credit vehicles actually entail. Although the concept of a home equity loan is simple enough to understand, any detailed description of this form of credit ...
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What is a Good Faith Estimate?

  • CourthouseDirect.com Team
  • 11/27/2013
  • Mortgage
You have decided on a home. Now you need to find a way to pay for it. Like most of us you probably won’t be paying the entire price in cash, so you will need to select a lender. A few years back (1974) the Federal Real Estate Settlement ...
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What Are Balloon Mortgages and How Are They Different from ARMs?

  • CourthouseDirect.com Team
  • 11/15/2013
  • Mortgage
A balloon mortgage is one where the monthly payment does not change for a particular period of time;  then, at the end of that time, the entire balance of the mortgage comes due. For instance, a balloon mortgage of 7 years charges a ...
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How Do Adjustable Rate Mortgages Work?

  • CourthouseDirect.com Team
  • 11/04/2013
  • Mortgage
An adjustable rate mortgage (ARM) is a mortgage that does not have a fixed interest rate that remains the same over the loan’s duration. Instead the interest rate fluctuates due to a predetermined trigger or follows a particular external ...
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