Home Mortgage and Financing Terms
Every business has it's jargon and residential real estate is no exception. Mark Nash author of 1001 Tips for Buying and Selling a Home shares commonly used mortgage and financing terms with home buyers and sellers.-Adjustable rate mortgage (ARM): A type of mortgage loan whose interest rate is tied ... more...

What Is The Best Deal For A Mortgage?
Few of us invest the time and effort into researching and securing the best deal for a mortgage to purchase our home.For most of us, our house is the single most important and expensive purchase we ever make!We invest a lot of time and effort into finding the perfect property in the best location ... more...

Florida Interest Only Mortgages
An interest-only mortgage is one in which you only pay back interest with no principal for a certain period of time. After this time period, which is usually five to ten years, the payment increases to include repayment of both interest and principal. Most lenders in Florida offer interest-only ... more...

Debt Consolidation, with Home Equity Loans
Debt consolidation is a way of increasing your monthly cash flow by combining all your high interest payments into a low interest and easily manageable home equity loan. The process is explained in the example.Lets look at this example:Your credit card loan is $15000 at 18% interestYour car loan is ... 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...

The Best Way To Eliminate Credit Card Debt
The best way to eliminate credit card debt is to take out a debt consolidation loan with low rates. With reduce interest charges, you can begin to take a bite out of your principal. Without increasing your monthly payments, your debt will be eliminated sooner.Choosing A Debt Consolidation LoanYou ... more...

Interest Only Loan, How Does It Work
Interest only loan is the one that gives you the possibility of paying only interest as your monthly payment. In that way you will pay a very reduced amount of money as your monthly payment; compared to the amount of money you would be paying if you add the principal to your monthly payments. ... more...

Pairs/Groups Of Words Often Confused - Part 5 of 6
PASSED, PASTPassed is the past tense of pass. Past means a time that has gone. "Time passed and we all forgot the incident." "In times past it was the custom for women to wear hats in church."PEACE, PIECEPeace means the absence of war (or even noise); piece is a portion of something.PEAK, PEEK, ... more...

Interest only Home Loans: Are They for You?
1. You are a First Time Buyer and cannot Qualify. For the first few years of purchasing a home, most of the mortgage you pay goes towards interest, not principal. With the interest only payment option, the lower payments are more manageable and you can use the money you save to pay off other ... more...