Why you’re probably not getting the best mortgage rate quote?
A loan is basically a product and like all products, its sales pitches can be exaggerated. The end result is that you end up with a loan that may not suit your needs at all. When shopping around for the best mortgage rate...
Many people who get variable rate mortgages find that they can mix the security of a fixed rate mortgage whilst still having variable rates by getting a capped mortgage plan. If you are looking for a variable rate mortgage then you should seriously consider putting a cap on the mortgage. Here is...
Why online mortgage quotes don’t always give the best rate
There were days when getting something mortgaged or financed was a big hassle. People had to survey the entire market in order to know about the existing rates and other details. But now things have drastically changed. Now...
Short term loans like car loans, credit cards and home equity loans are automatically lowered with Federal rate cuts because they are based on the Prime rate. Longer term loans such as mortgages arent because they are based on competing investment options, for instance investing in stocks rather...
If you’re a homeowner, chances are that you’ve been deluged with offers from finance companies to lend you money based on the equity you have invested in your home. A home equity loan is a loan extended to you that is secured by your home. The amount of the loan is based on how much...
Adjustable rate mortgages (ARMs) are appealing to many homebuyers, but what are the risks?
An adjustable rate mortgage is one in which the rate changes based on the market interest rates. The rate will adjust on a specific schedule, say once a year, after an initial fixed period. Fixed...
Why a California mortgage quote is sometimes higher – and why it doesn’t have to be
When it comes to California mortgage quotes, the rate is important but it is also necessary to consider the overall costs involved. Factors like the APR, loan fees, discount and origination...
Who doesnt want low mortgage rates? A low mortgage rate means spending on monthly payments during the course of a mortgage. A low mortgage rate can save homebuyers like you several thousands of dollars. A low mortgage rate means having more funds to spend on investments that might prove...
Mortgages are available from a number of different sources. There are specific mortgage brokers as well as banks, building societies and other financial institutions, all fighting to get your custom. This is because they make money out of it and so they all want you to sign up with them. It is...
Just about everyone who comes into my office asks the same question. When I refinance, should I get a fixed or adjustable rate mortgage?
Since your home is about the most significant and important purchase you will make, that is a reasonable question to ask.
At first glance,...
If you are a loan officer or mortgage broker, and you are considering purchasing mortgage leads, one thing that will be important to know, is where these lead companies obtain their leads from.
Many times, mortgage lead companies will sell their leads multiple times. They have a data base...
When Will Ben Bernanke Blink? Is the Federal Reserves Rate Raising Fight Against Inflation Going Too Far?
There is a lot of speculation and debate among economists about whether the Federal Reserve will raise the Feds short term interest rate to 5% in their meeting on Wednesday. If they...