What Do Interest Rate Hikes Mean For Your Mortgage?
If you’ve picked up a newspaper or caught the news recently, you’ve probably encountered a story about mortgage rates and the Federal Reserve banking system. Like many borrowers, you might wonder how the Fed determines interest rates and how – in the event of a rate hike – your personal finances could be affected. Here’s [...]
Volatile Mortgage Market
So what is going on with all the mortgage companies? Either they shutting their doors down or some of them stopped funding loans. For one, it all started with Alt-A mortgage loans and jumbo loans. Alt-A are loans which were made to borrowers whose credit score was not so perfect, that is right below 640 [...]
Unique Mortgage Refinancing Schemes
Why Get Mortgage Refinancing? If you already have a mortgage loan you are no doubt aware of the steady decline in mortgage rates over the years. Don’t you wish you had a way of making use of the dip in interest rates? Well that’s exactly what we offer you. A home mortgage refinance loan gives [...]
Mortgage Problems and the Myth of Foreclosure Help
For a number of reasons, the rate of home foreclosures is rising in the United States. In fact, the rate is up some 70% over a year ago. Part of this is due to rising interest rates that are making payments unaffordable to homeowners who bought their homes three or four years ago with adjustable rate [...]
Adjustable Rate Mortgages vs. Fixed Rate Mortgages
Buying a home can be an exciting and stressful time for anyone. While you may be excited at the prospect of owning your own home, especially if it is your first home purchase, the idea of choosing between all of the many different types of mortgages may leave you feeling confused and apprehensive. Two of [...]
Adjustable Rate Mortgages: This Home Mortgage Loan May Not Be
Adjustable Rate Mortgages: This Home Mortgage Loan May Not Be For The Weak At Heart 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 [...]
Adjustable Rate Mortgages: Buyer Beware
Remember when your mom told you that if it sounds too good to be true, it probably is? The same could be said about Adjustable Rate Mortgages (or ARM in industry lingo). These guys can be a wolf dressed in sheep’s clothing and if you aren’t careful they are going to huff and puff and [...]
Adjustable Rate Mortgage – Learn The Basics
What Is An Adjustable Rate Mortgage (ARM)? An adjustable rate mortgage is certain type of home mortgage that has a variable interest rate. Compared to a 30 year fixed mortgage, the borrower’s payment is considerabely less. This is due to the transfer of risk from the lender to the borrower. The Structure Of An ARM [...]
Achtung ! Stay Away From Adjustable Rate Mortgages …
If you are thinking of mortgage refinancing then there is one thing you might want to know and that is – you should stay away from ARMs ( adjustable rate mortgages ) … And if you are wondering why anybody would want to do that, especially since ARMs promise such low interest rates, well here’s [...]