Getting a mortgage can be a very confusing process. There is a lot of paperwork to sign, documents to read and procedures to be followed. You’d think you were applying to go to Harvard or Yale, except they don’t require that much paperwork for you to be admitted!
Adjustable Rate Mortgages: When They Are the Right Mortgage
Most of us are familiar with tradition rate mortgages. We borrow a fixed amount of money for 15 to 30 y ears and we agree to pay it back at a given interest rate over the life of the loan. Our payments are the same amount every month, whether it is for 5 years or 30 years. For the majority of homeowners out there this is the most ideal type of mortgage as it has no surprises or sudden increases in monthly payments. However, for some home buyers, an adjustable rate mortgage may very well be the better financial tool.
An Introduction to Mortgage Protection Insurance
Purchasing a home is a major expense that requires a significant and long term financial commitment. When you initially apply for a mortgage, you are approved for loan funding based on your financial status at the time of application. Most people do not expect that their financial situations will get worse over time, but in some cases that is exactly what happens.
A Guide To Home Mortgage Rates
Home mortgages are loans that are taken to buy a property, for which the property itself is used as collateral. Owning a home is a very big, and usually a one-time investment for many. With increasing real estate prices and decreasing interest rates on loans, many people are using the home mortgage loans to buy property.
Bad Credit Mortgages
So you’ve gotten a little behind on your credit card payments. Ok, you’ve been late on your car a few times too. And, there are some other issues on your credit that makes it less than perfect. No matter if you’ve lost your job, had medical problems, or any other reason, you’re credit score doesn’t care. But, just because your score is a little lower than most peoples, don’t worry. There is always a lender out there who is willing to help you find a mortgage so you can own yo…
4 Reasons Why Good Mortgage Lead Management Is Essential
Lead management is one of the most important and time-consuming activities for companies. Despite the issues many firms have in its implementation, good lead management can act as a significant competitive advantage.
Adjustable Rate Mortgage – Learn The Basics
Get information on this money saving mortgage. Find out more about adjustable rate mortgages (ARM’s).
An Overview of Reverse Mortgages
If you own a home, you know mortgage products have moved beyond the basic 30 year fixed option. Reverse mortgages are one such product and here is an overview.
A Home Mortgage Makes Dreams Come True
Home ownership is just a mortgage away! To name a few, there are fixed rate mortgages rates and an adjustable rate mortgage.
Bad Credit Mortgages Made Easy!
Find out the secrets to getting your dream home, even if your bank has said no.
5 Important Things to Remember to Get the Best Mortgage
The market of new houses is now experiencing a great increase in sales and profit. Old houses are now being traded for newer ones. A great way to finance your new home purchase is to mortgage.
Adjustable Rate Mortgage Loans – Understanding The Basics
Adjustable rate mortgages (ARM), developed when mortgage interest rates were high, can help you finance the purchase of a home with low interest rates. An ideal choice for those who expect their income to rise or move in a couple of years, an ARM also increases your risk for higher payments. Fortunately, lenders also offer safeguards to limit some of your risk to excessively high interest rates.
ARM Features
An ARM starts with a low interest rate, up to 3% lower than a …