The Truth Behind A No Points No Fees Mortgage
You see them everywhere. Your credit union has them. The local bank as well. I'm talking about No Points No Fees Loans. You see, I despise being the bearer of bad news but I have a revelation: There is no such thing as a free loan. Free loans just do not exist, and if they did they would spend almost all of thei (more ...) Working With Mortgage Brokers
When the loan closes, you will no longer work with the mortgage broker. So if the mortgage broker charges 1 point on a $100,000 loan, he received $1,000. The benefits to using a mortgage brokers are numerous. You might also consider working with an upfront mortgage broker, a variation on the traditional mortgage broker. (more ...) Adjustable Rate Mortgages
An adjustable rate mortgage, ARM, is a mortgage that has a varying interest rate on the note. Adjustable rate mortgages are sometimes confused with graduated payment mortgages. Borrowers benefit when interest rates on the mortgage fall. Each adjustable rate mortgage is linked to an index. The margin plus the index rate is the total interest r (more ...) Rise Of The Reverse Mortgage
What is reverse mortgage? Reverse mortgage is a mortgage system designed for the seniors, age 62 and higher, where property is used as collateral to receive payments. Once sold, the sale price pays back the loan. There are many features that aid a senior financially within a reverse mortgage. (more ...) Current Mortgage Rate Tips
The current mortgage rate, as with other interest rates, is constantly changing. There are several resources that list the current mortgage rate. Never use just one source for the current mortgage rate. The current mortgage rate changes all time; you’ve established t (more ...) |
