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> <channel><title>MortgagesExplained.net</title> <atom:link href="http://mortgagesexplained.net/feed/" rel="self" type="application/rss+xml" /><link>http://mortgagesexplained.net</link> <description>Explaining mortgages since 2010</description> <lastBuildDate>Wed, 16 Nov 2011 05:56:38 +0000</lastBuildDate> <language>en</language> <sy:updatePeriod>hourly</sy:updatePeriod> <sy:updateFrequency>1</sy:updateFrequency> <generator>http://wordpress.org/?v=3.3.1</generator> <item><title>Mortgages Explained: How Much Will I Pay in Mortgage Insurance?</title><link>http://mortgagesexplained.net/2011/11/mortgages-explained-how-much-will-i-pay-in-mortgage-insurance/</link> <comments>http://mortgagesexplained.net/2011/11/mortgages-explained-how-much-will-i-pay-in-mortgage-insurance/#comments</comments> <pubDate>Wed, 16 Nov 2011 05:54:32 +0000</pubDate> <dc:creator>Mortgage Nerd</dc:creator> <category><![CDATA[Conventional Explained]]></category> <category><![CDATA[FHA Explained]]></category> <category><![CDATA[Mortgage Insurance Explained]]></category> <category><![CDATA[USDA Explained]]></category> <category><![CDATA[mortgage insurance]]></category> <category><![CDATA[Mortgage Insurance Options]]></category> <category><![CDATA[PMI]]></category> <category><![CDATA[Single Premium Mortgage Insurance]]></category> <guid
isPermaLink="false">http://mortgagesexplained.net/?p=350</guid> <description><![CDATA[Mortgage insurance, unlike home owners insurance, is a necessary evil for most mortgage programs when you have less than 20% equity or down payment. It&#8217;s true that some lenders, that don&#8217;t work with Fannie Mae or Freddie Mac, don&#8217;t require any mortgage insurance but those lenders usually offer higher interest rates to compensate. If you [...]]]></description> <wfw:commentRss>http://mortgagesexplained.net/2011/11/mortgages-explained-how-much-will-i-pay-in-mortgage-insurance/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item><title>Can I Refinance With Negative Equity?</title><link>http://mortgagesexplained.net/2011/11/can-i-refinance-with-negative-equity/</link> <comments>http://mortgagesexplained.net/2011/11/can-i-refinance-with-negative-equity/#comments</comments> <pubDate>Thu, 03 Nov 2011 04:37:36 +0000</pubDate> <dc:creator>Mortgage Nerd</dc:creator> <category><![CDATA[Refinance Explained]]></category> <category><![CDATA[Fannie Mae HARP loan]]></category> <category><![CDATA[Freddie Mac Relief Refinance]]></category> <category><![CDATA[refinance mortgage upside down]]></category> <category><![CDATA[Refinance negative equity]]></category> <guid
isPermaLink="false">http://mortgagesexplained.net/?p=342</guid> <description><![CDATA[The sad and frustrating reality for many homeowners today is that they owe more on their mortgage than their home is worth. I am in that same boat as I owe owe about 105% of what my home is worth so I can relate to the frustration. Normally in this situation you wouldn&#8217;t be able [...]]]></description> <wfw:commentRss>http://mortgagesexplained.net/2011/11/can-i-refinance-with-negative-equity/feed/</wfw:commentRss> <slash:comments>2</slash:comments> </item> <item><title>What is the 4506-T Form?</title><link>http://mortgagesexplained.net/2011/10/what-is-the-4506-t-form/</link> <comments>http://mortgagesexplained.net/2011/10/what-is-the-4506-t-form/#comments</comments> <pubDate>Sat, 29 Oct 2011 18:03:46 +0000</pubDate> <dc:creator>Mortgage Nerd</dc:creator> <category><![CDATA[Underwriting Explained]]></category> <category><![CDATA[4506-T]]></category> <category><![CDATA[4506-T Form for Mortgage]]></category> <category><![CDATA[Mortgage IRS Form]]></category> <guid
isPermaLink="false">http://mortgagesexplained.net/?p=335</guid> <description><![CDATA[In a nutshell the 4506-T form is an IRS form that your mortgage lender uses to retrieve a transcript of your tax returns. They use this transcript to match the #&#8217;s against the W2&#8242;s, 1099&#8242;s, and 1040&#8242;s (tax returns) that you submit to your loan officer. It serves as a validation tool for mortgage underwriters [...]]]></description> <wfw:commentRss>http://mortgagesexplained.net/2011/10/what-is-the-4506-t-form/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item><title>Why Is The Underwriter Asking For That?!</title><link>http://mortgagesexplained.net/2011/06/why-is-the-underwriter-asking-for-that/</link> <comments>http://mortgagesexplained.net/2011/06/why-is-the-underwriter-asking-for-that/#comments</comments> <pubDate>Thu, 23 Jun 2011 04:29:58 +0000</pubDate> <dc:creator>Mortgage Nerd</dc:creator> <category><![CDATA[Underwriting Explained]]></category> <category><![CDATA[Loan Application]]></category> <category><![CDATA[mortgage underwriting]]></category> <guid
isPermaLink="false">http://mortgagesexplained.net/?p=308</guid> <description><![CDATA[I hear this statement a lot!&#8230;&#8221;Why is the underwriter asking for that?!&#8221; Lately my response has been&#8230;&#8221;Because mortgage underwriters don&#8217;t use common sense any more&#8221;. I know I know,  it&#8217;s a terrible explanation but it&#8217;s a lot better than what I use to say as a newbie loan officer&#8230;&#8221;Because it&#8217;s their money and we have [...]]]></description> <wfw:commentRss>http://mortgagesexplained.net/2011/06/why-is-the-underwriter-asking-for-that/feed/</wfw:commentRss> <slash:comments>4</slash:comments> </item> <item><title>Is interest on a 30 year mortgage front-end loaded?</title><link>http://mortgagesexplained.net/2011/05/is-interest-on-a-30-year-mortgage-front-end-loaded/</link> <comments>http://mortgagesexplained.net/2011/05/is-interest-on-a-30-year-mortgage-front-end-loaded/#comments</comments> <pubDate>Sat, 28 May 2011 00:17:51 +0000</pubDate> <dc:creator>Mortgage Nerd</dc:creator> <category><![CDATA[Mortgage Interest]]></category> <category><![CDATA[30 year fixed]]></category> <guid
isPermaLink="false">http://mortgagesexplained.net/?p=280</guid> <description><![CDATA[Buying a home can be such an exciting new venture. However, it is not uncommon for new homeowners to become quickly disenchanted with home ownership when they realize how slowly they are paying off their 30 year mortgage. It happened to me when I bought my first house.]]></description> <wfw:commentRss>http://mortgagesexplained.net/2011/05/is-interest-on-a-30-year-mortgage-front-end-loaded/feed/</wfw:commentRss> <slash:comments>2</slash:comments> </item> </channel> </rss>
