If you're new to mortgages and insurance, the learning curve can be pretty steep. So here at RateMarketplace we archive useful articles to help you get up to speed. In these articles, discover what to look for in a loan, mortgage or auto insurance provider. Doing your homework could save you thousands of dollars in the long run. Read on!
Warning: Road Rage May Increase Car Insurance
Road rage is a common problem across the country, especially in cities with tough commutes such as Atlanta, Boston and Los Angeles. According to a survey of driving behavior in these cities, some drivers get higher car insurance premiums due to poor habits.
5 Ways to Avoid Fall Driving Hazards
As we enter the fall season, new driving hazards present themselves and affect our lives on the road. With sharp glares, frequent showers and puddles concealed with leaves, the fall brings about new surprises for even the most responsible drivers.
Distracted Driving is Deadly Driving
Distracted drivers account for almost 80% of all crashes and 65% of near-crashes in the United States, according to the National Highway Traffic Safety Administration.
Price of Motor Vehicle Insurance Tends to Fall As Safety Improves
Motor vehicle insurance and public safety statistics can be greatly affected by a handful of common factors, like driving while fatigued or distracted, or other unsafe practices.
Heavy Traffic Can Affect Number of Car Insurance Claims
Times of heavy vehicle traffic are likely to result in higher auto accident rates and more injuries and car insurance claims.
Texting Affects Safety and Cost of Driver Insurance
Distracted driving, a problem that has contributed to an untold number of accidents and contributed to the cost of driver insurance nationwide is getting more attention than ever. For example, this week, the term "distracted driving" was even named Word of the Year for 2009 by the Webster's New World College Dictionary.
Top Auto Insurance Companies Watching Trends in Green Vehicles
One issue that top auto insurance companies will be exploring in the next several years is what, if any, specific policies they will introduce in response to what is expected to be a larger number of electric vehicles on the nation's highways.
Clean up Credit, Lower Auto Insurance Premiums
We all know that bad credit leads to higher mortgage and auto loan payments, but did you know that auto insurance companies often consider credit histories when calculating insurance premiums? If you have a less-than-perfect credit history, it's likely that your insurance company considers you a risk behind the wheel.
Rates Spike, Obama Urges Homeowners to Refinance Now
When homeowners discover the unusually low interest rates available to them, they may be stunned by how much they could be saving.
How Long Should I be Paying PMI?
Private mortgage insurance, or PMI, is a type of insurance that catches some homebuyers by surprise. It is typically required by lenders on loans when the down payment is below 20 percent of the sales price.
How Much Should I be Paying for Home Owner's Insurance?
Home owners insurance reflects one of life's necessities that we only appreciate when we actually utilize it.
Top 10 Ways to Prepare Your Home for Winter
When the warm days of summer switch to the crisp winds of fall, prepare for the rain, snow, ice and sleet that could attack your home. Are your doors and windows insulated from the wind? Is your home as warm as it should be?
6 Smart Home Improvements for Your Dollar
While some homeowners think that any money put into the home is a good investment, not all home improvements are created equal. Homeowners who spring for the wisest improvements generally get the most return on their investment, so make sure you're among the lucky ones and look to the long term when deciding how to spend your money.
6 Ways to a Greener Home
Once upon a time, green homes meant houses painted some shade of emerald. These days, "green" homes refer to houses that are friendly toward the environment. And homeowners have a wide variety of methods to improve their homes so they save money and simultaneously reduce their household's carbon footprint.
3 Steps to Finding the Best Mortgage Rates
Many real estate experts agree - the average interest on a home mortgage can end up costing you nearly twice the price of the mortgage itself. Just remember that the best deals are usually reserved for homeowners planning to stay in their home for several years
How to Put Payments to Your Advantage
If money is extra tight this year, consider sending your January mortgage payment a few days early. Watching the tax deductions increase when April rolls around will be a nice treat.
How Much Home Can You Really Afford?
You've probably heard that your credit score is all-important when looking to buy a home. While it's true that your credit score will affect your loan, there are other factors to look into when shopping for a home loan.
Making Sure You Get the Absolute Best of All Possible Mortgage Refinancing Deals.
Find out how you can get the best possible deal when refinancing your home is a possibility.
Catch 22: It's a Great Time to Refinance... If You're Not Underwater
What to do if your house is underwater and you would like to refinance.
When is it a Good Time to Refinance?
Interest rates have been hovering around 50-year lows. Thirty-year fixed-rate loans have never been more attractive, particularly in the wake of the failure of some of the more exotic financing excesses during the recent housing bubble. Is now the time to refinance?
Mortgages and Home Equity Loans: What's the Difference?
Mortgages, home equity lines of credit, second mortgages - know the difference between these types of loans.
The Truth about the Truth in Lending Act
This article explains how the Truth in Lending Act (TILA) requires five disclosures so that borrowers can make informed decisions and compare loan rates between lenders.
Do You Qualify for the Making Home Affordable Program?
Find out if you qualify for relief with the government's Making Home Affordable Program. There are two main parts to the program: a modification program and a refinance program. Your circumstances will determine which part of the program is right for you. Here's a look at each.
Prepayment Penalties Demystified
You suddenly have extra money? Thinking of prepaying your loan? It could cost a good deal of money if you have a prepayment penalty in your contract. What are these clauses and what should you do if you have a prepayment penalty on your mortgage?
Is It Time to Refinance?
If you have great credit and want to lower your monthly payments, refinancing might be a good deal for you. So should you refinance? If any of these scenarios match, it's worth considering.
What is Mortgage Modification?
If you have a home loan you can no longer afford and are facing foreclosure, you could qualify for the mortgage modification plan. Discover the requirements and how to take advantage of it.
Get Assistance When Buying Your Home
Looking at buying a new home but unsure about the down payment? There are programs out there that could help home buyers. Here's a quick rundown.
The 6 Hidden Costs of Home Ownership
The monthly mortgage isn't the only expense. First-time home buyers often aren't fully aware of these six financial factors that add to the true monthly costs associated with owning a home.
Top Eight First-Time Home Buyer Mistakes
Discover eight mistakes first-time home buyers often make when buying their first house, finding a real estate broker, and obtaining a first mortgage.
Mortgage Guide: Real Estate Tax Deductions and Credits Explained
There are many tax incentives on U.S. real estate that can sharply cut property ownership costs. This guide explains the various real estate tax deductions available to homeowners including points, mortgage expenses, property taxes, and capital gains credits associated with a home sale.
How Your FICO Credit Score Affects Your Mortgage Loan Interest Rate
This article explains: how a person's FICO credit score is calculated, what is considered a good credit score by mortgage lenders, and how your credit score affects the mortgage loan interest rates you can qualify for.
Mortgage Guide: Adjustable Rate Mortgage Loans Explained
Fixed rate mortgage loan terms are fairly straightforward; adjustable rate mortgage loan terms aren't. This guide explains how adjustable rate mortgages work, describes the benefits and risks of ARM loans, and outlines how to determine if an adjustable rate mortgage is right for you.
Mortgage Guide: Reverse Mortgage Loans Explained
This is an increasingly popular financial tool for older Americans wishing to tap their home equity without the burden of monthly repayments. This article explains what it is, how it works, and provides info on types of reverse mortgage loans and rates as well as what you must consider to avoid potential pitfalls.
Mortgage Guide: Home Equity Loans and Lines of Credit Explained
Home equity loans and home equity lines of credit (HELOC) offer attractive tax benefits and interest rates compared to most consumer-loan products. Learn more.
Mortgage Guide: VA Home Loans Explained
The U.S. Veterans Administration's home-loan program offers mortgages with competitive rates and unique features especially attractive to first-time buyers - including no down payments, little or no closing costs and lenient credit-history requirements. Learn more.
Mortgage Guide: FHA and HUD Home Loans Explained
What is an FHA or HUD loan? Learn about the various types of FHA or HUD loan programs available to potential home buyers, including fixed rate, adjustable rate, graduated payment, and reverse mortgages.
How to Avoid Private Mortgage Insurance (PMI)
Many home buyers find it difficult to provide a 20% down payment and are forced to pay private mortgage insurance (PMI) in order to finance a home. Learn how you can avoid PMI when taking out a mortgage loan, even if you don't have a 20% down payment.