Choosing a Fixed or ARM Option
One of the most important decisions a homeowner will have to make when deciding to re-finance their home is whether they want to refinance with a fixed mortgage, an adjustable rate mortgage (ARM) or a...
View ArticleAre You Considering Re-Financing?
Homeowners who are considering re-financing their home may have a wealth of options available to them. However, these same homeowners may find themselves feeling overwhelmed by this wealth of options....
View ArticleBalloon Payment Mortgage
The other term for a balloon payment mortgage is a partially amortized loan. Balloon payment mortgage is when your liability or obligation is only partially amortized, leaving the rest to be paid upon...
View ArticleSecond Mortgage Loan
A second mortgage loan is a subsequent loan and subordinate to the earlier mortgage. In other words, a second mortgage loan is used as collateral pledged for the first loan. Length of Second Mortgage...
View ArticleAmortization Mortgage
What is an amortization mortgage? If you’ve bought a house before, you probably have an idea what amortization mortgage is. But as far as details are concerned, amortization mortgages just escape...
View ArticleFixed Rate Mortgage
There are several types of mortgages offered by lenders in the market. The most common of these types is fixed rate mortgages. Fixed rate mortgage loans are characterized by fixed rates and monthly...
View ArticleInterest-Only Mortgage
There are only two things people should keep in mind before taking on an interest-only mortgage. The name interest-only mortgage is misleading. If truth be told, there is no such thing as an...
View ArticleBank Rate Mortgages
Why do bank rate mortgages vary? What makes the interest rates of these bank rate mortgages rise? What makes those of bank rate mortgages fall? These questions race through our minds whenever we are...
View ArticleAdjustable-Rate Mortgage Payment (ARM): The Pros and Cons
People are asking if home loans in newspaper ads showing astonishingly low rates are for real. These ads are what we call adjustable-rate mortgage payments. Loans with an adjustable-rate mortgage...
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