How Caps Can Protect You From Paying High Monthly Mortgage Payments
Adjustable rate mortgages can be a great choice for first time home buyers. As opposed to a fixed rate mortgage, which the interest rate remains the same for the entire life of the loan, an adjustable rate mortgage changes according to an index rate, usually chosen by the mortgage lender.This index ... more...

Home Mortgage Refinancing - What To Watch Out For
Oh, the joys of being a home owner. You finally get that great fixed rate 30 year mortgage at 8.5% and 2 years later...Interest rates plummet. Mortgages are now going for 5.25% and suddenly your 8.5% rate doesn't look so good.Welcome to refinancing hell.While the above may seem like an open and ... more...

Predatory Mortgage Lenders How to Avoid Becoming a Victim
Predatory lenders are anyone that takes advantage of homeowners and their mortgages. Predatory lenders charge excessive fees for their services or force homeowner to purchase products or services they dont need. You can save yourself headaches and aggravation along with thousands of dollars by ... more...

A Home Equity Loan Is It For You?
Home equity loans are often touted as being the solution to so many things giving you access to money for home repairs or improvements, a way to consolidate debt, finance a sudden family emergency, or even as a way to start an investment portfolio. Theres a lot to think about, though, before you ... more...

Tucson Mortgage Refinance How to Mortgage Comparison Shop
Before you sign a mortgage contract you need to read the entire document and pay attention to several key elements. Here is what you need to look for.Has the lender included a prepayment penalty in the contract? This is one of the first things you should look for. Lenders charge prepayment ... more...

Mortgage Interest Rates Rising Too Late to Refinance Your Mortgage?
Mortgage interest rates may be at their highest levels of the last four years; however, it is not too late to find good mortgage deals.Mortgage interest rates have been rising due to high energy costs and economic uncertainty due to inflation. Despite these increases the mortgage industry is still ... more...

Financial Woe Is Me
Ideally, what comes in does not necessary all go out to creditors. Unfortunately, most of us know, that is one of our better dreams. Sometimes we find all our dreams shattered completely. Would you be prepared?Once upon a time, I was living the ideal life. I had an excellent paying job. Who had ... more...

Adjustable Rate Mortgage Use Rising Interest Rates to Your Advantage
You found your dream house; however, qualifying for a traditional fixed rate mortgage is proving to be difficult. Your debt-to-income ratio may be too high or your credit score might be too low. The same might be true of the existing mortgage holder that wants to refinance and cash out equity in ... more...

Home Improvements Turn Average Homes into Dreams Come True
If youre thinking about taking out a home improvement loan, there are several options to consider. First and foremost, your mortgage consultant needs to know why you want a home improvement loan. Here are some factors to take into consideration. How long have you been in the home? Will the ... more...