http://www.fairloannow.com/articles/blog.htmFair Loan Now Bloghttp://www.fairloannow.com/articles/building_equity.htmObtaining a mortgage and making a payment that covers the principal and interest portion of your mortgage payment will help you to build equity in your home. Every time you make a payment on your mortgage the portion of your payment that is applied to principal is used to decrease your mortgage balance. This is one way to help you build equity in your home. On a 30 year mortgage it will take you a much longer time to build equity than if you were on a 15 year mortgage. The reason is because on a 15 year mortgage there is a much larger portion of your payment being applied towards the principal portion of your payment and a smaller amount being applied towards the interest portion as opposed to a 30 year mortgage. Therefore while lowering your term can help you build equity much quicker it is not always feasible or affordable to lower your term down to a lower term. Every little bit helps, even a 25 year mortgage vs. a 30 year mortgage will help to build equity and pay your loan down quicker.http://www.fairloannow.com/articles/debt_consolidation_home_refinance.htmA debt consolidation refinance is when a borrower uses the equity in his/her house to consolidate some or all of their existing debt by refinancing their current mortgage. http://www.fairloannow.com/articles/why_use_a_mortgage_broker.htmThere are many reasons that you should use a mortgage broker and many advantages to using a mortgage broker. One reason to use a mortgage broker is because a mortgage broker has access to all kinds of different home loan programs.http://www.fairloannow.com/articles/improve_my_credit_score.htmIf you have been told your credit score is too low to obtain optimum mortgage financing or have been turned down for a loan, there are some simple ways to improve your credit score. The first step is to obtain a copy of your credit report and check it for accuracy.http://www.fairloannow.com/articles/frequently_asked_questions_-_credit.htmOne of the biggest factors in qualifying for a mortgage is one's credit profile. Often times reviewing your credit report or even how credit works can become confusing for those of us who are not familiar with all the jargon, graphs, and numbers.http://www.fairloannow.com/articles/consolidating_credit_card_debt_into_your_mortgage.htmSome financial "gurus" have advised against this because you are turning unsecured debt into secured debt. While this is basically true the fact is that defaulted unsecured debt can be secured against real property very quickly once the debtor is sued for it and a judgment is received.http://www.fairloannow.com/articles/seller_credit.htmSeller credits can be useful when buyers are short of the cash required to make an offer to buy a home.http://www.fairloannow.com/articles/reserves_and_assets.htmWhen applying for a mortgage, whether you fall into the conforming or sub-prime lending criteria, many lenders require that you at least state, and may even ask you to verify reserves and assets held in liquid accounts.