How to Compare Fixed Rate Mortgages and Adjustable Rate Mortgages
There are many types of mortgages, and the more you know about them before you start, the better. To compare one Adjustable Rate Mortgage with another or with a fixed-rate mortgage, you need to know about indexes, margins, discounts, caps, negative amortization, and convertibility. You need to ... more...

Home Loans Lenders Continue to Offer High-Risk Loans
Home prices in the Untied States continue to soar, and the remarkable run of real estate as the must have investment continues. The median price of a new home, which only recently crossed the $200,000 barrier, is now $215,000. The high prices of homes havent deterred buyers; sales in June reached ... more...

Are Option Pay ARM's Risky?
The general consensus about the riskiness of Option Pay mortgage loans is that they are high risk; high risk to both the borrower and the lender. To add even more risk to the loans, consumers and loan officers not only have to understand initial and lifetime caps, various indicies and margins, but ... more...

Getting 100% Financing With Bad Credit - Is No Down Payment a Good Idea?
Getting 100% financing with bad credit can get you into a home with little out-of-pocket expense. However, higher rates will make the loan more expensive than financing with a down payment. There are some cases when zero down can be a benefit, especially if you plan to move or refinance soon.The ... more...

Refinancing Online - Tips For Getting a Low Interest Rate When Applying Online
Refinancing online is a great opportunity to find low interest rates. Online mortgage lenders provide information about rates and fees for easy comparisons. However, to find the lowest interest rates, you will need to do more than just surf sites. The following tips will give you the edge in your ... more...

Tips On Refinancing Your Home - When To Convert To an ARM
Common advice tells borrowers they should refinance their adjustable rate mortgage (ARM) to a fixed-rate mortgage. However, there are times when it makes better financial sense to do the reverse. The prime reason is that an ARM provides lower rates.Low Interest Rates Of An ARMAn ARMs primary ... more...

Subprime Lenders: Find Financing With A Bad Credit History
Subprime lenders finance high risk groups to enable them to buy a home. While you need to be aware of predatory lending practice, by researching lenders you can find a mortgage loan at a reasonable rate.Bad Credit FactorsBefore you sign up with a subprime lender, be sure that you truly have bad ... more...

Home Refinance Closing Costs - Things You Should Know
Home refinancing closing costs should be consider before signing a contract. You can actually lose money on closing costs if you arent careful. Shopping lenders can help you find lower fees, but you may find other financing options have lower costs.Length Of Time To Recoup CostsWhile the general ... more...

Refinancing Your Home Loan? When Should You Refinance Your Home?
If you have a current mortgage and are unhappy with the interest rate or the amount of the monthly payments, it is possible to refinance your home and eliminate your problems. But before you call your lender, there are some questions that you should ask yourself in order to determine whether or ... more...

Home Loans and Mortgages One Third of Homes in U.S. Overvalued
A new study by National City Corp. looked at home values for 299 American cities and compared them to where they should be based on a number of economic factors that determine home prices. The results were not encouraging; homes in nearly one third of America were judged to be extremely overvalued ... more...

Buying A Home After Filing Bankruptcy
Buying a house after filing bankruptcy is a real possibility after a year. With two years, your bankruptcy often is disregarded by financing companies, qualifying you for good credit rates. As with any mortgage, compare lenders APR to get the lowest costing home loan.Wait Two Years For Good ... more...

Can One Loan Be Best for Any Homeowner From 18-108?
How could one loan Satisfy the Needs of every homeowner? Yet Many people get a Home Loan for 30 years. Won't a persons needs change many times over the 30 year life of this loan? So the best loan for every homeowner would need to be flexible.When you buy your first home often your income will ... more...

A Real Life Case Study - Another Happy Customer
For many people an option ARM really is the best choice. The Key is to explain it right. Perhaps this case study will help.I have a client a single mom with 2 children. She managed to save small down payment and decided to but a house. The problem is how much house could she afford. At the ... more...

To Refinance or not to Refinance -- Here is the Answer
I have written many articles on refinancing a fixed rate mortgage to an adjustable rate mortgage. I have helped people cut as much as $800 off their monthly payments by turning their high fixed rate mortgage loan into a much lower ARM. This may be the time, however, to put the strategy in reverse ... more...

Home Loans and Mortgages Watch Out for Dangerous Subprime Loans
With the growing interest in real estate purchasing and speculation, more and more lenders are offering nontraditional types of mortgages. These include adjustable rate mortgages (ARM) of every shape and size, the more popular interest-only mortgage, and the very dangerous Option ARM mortgage, ... more...