Tag Archives: mortgages

Advantages and Disadvantages of Reverse Mortgages

Reverse Mortgages, Pros and Cons Why go for Reverse Mortgages As the term implies, Reverse Mortgages are funds which are released to a home owner based on the equity they have made based on their mortgage payments. In typical mortgages, payments are made on a predetermined amortized payment to the lending entity. Reverse mortgages release … Continue reading

Flexible Payment Mortgages

With most mortgages, your payment is the same every month. But what if your paycheck isn’t so regular? Would you like to be able to vary your mortgage payment depending on your cash flow? An option ARM — also called a flex-ARM or pick-a-payment loan — allows you to do just that. How does it … Continue reading

What You Should Know About Adjustable Rate Mortgages

Adjustable-rate mortgages, or ARMs, differ from fixed-rate mortgages in that the interest rate and monthly payment move up and down as market interest rates fluctuate.  Most have an initial fixed-rate period during which the borrower’s rate doesn’t change, followed by a much longer period during which the rate changes at preset intervals.  Adjustable rates start … Continue reading

Information About Adjustable Rate Mortgages

I heard the news about another interest rate hike and thought it was about time to look into refinancing my mortgage. I contacted my mortgage company first. “I am interested in a fixed mortgage rate.” I said. “May I ask why that is?” The broker asked politely. “I don’t want to deal with the risk … Continue reading

New Options in Mortgages

With real estate prices ever on the rise, first-time home buyers are facing more difficulties in buying a home. Who ever thought they’d buy a 0,000 starter home? Mortgage lenders have acknowledged the problem by creating new and innovative mortgage products, mostly designed to lower the borrowers’ payments in the first few years of the … Continue reading

Mortgage Payment Handbook; Monthly Payment Tables and Annual Amortization Schedules for Fixed-Rate Mortgages

Mortgage Payment Handbook; Monthly Payment Tables and Annual Amortization Schedules for Fixed-Rate Mortgages Price: [wpramaprice asin="0880299703"] [wpramareviews asin="0880299703"] Find More Mortgage Amortization Products

Adjustable Rate Mortgages: How They Work

You’ve found the home of your dreams, you’re pre-qualified for a loan, and everything looks absolutely rosy. At first. As you begin to traverse the actual home appraisal, the loan amortization, your down payment, and all the dots that must be connected in order to make the dream a reality, you suddenly realize that you … Continue reading

Negative Mortgages

The idea of being upside down on a vehicle is not that new. This commonly occurs when a consumer makes the decision to purchase a new vehicle before they have paid off their existing vehicle. As a result, the balance of the loan on the existing vehicle is added to the note for the new … Continue reading

30 Year Fixed Rate Mortgages Modernized

30 Year Fixed Rate mortgages are now thought of as old fashioned. We use the words “standard” or “classic” or even “conventional” to describe one of the most popular loans in history. You may be surprised to know that the history of the 30 year fixed rate mortgage is not too long, and in fact … Continue reading

Plain Talk About Fancy Mortgages: Stick With the Old-fashioned 30-year Fixed

The word “candidate” derives from the word “candid”, and politicians running for office this year have learned that voters prefer frank talk, not a sales pitch. The same is true for homeowners shopping for a mortgage. As we prepare for springtime – which is historically the best time to buy a home – it is … Continue reading