Tag Archive | "reverse mortgage"
Comparing Your Reverse Mortgage Offers
If you are considering a reverse mortgage, currently there is only one type of reverse mortgage that is available. It is called the HECM or Home Equity Conversion Mortgage. This mortgage is insured by FHA. You can obtain this type of mortgage from a HUD lender. Since the credit crunch, there are rules and regulations these [...]
Continue reading...Points or No Points: That Is the Question
Thursday, August 13, 2009
In order to ascertain whether or not to opt for points or no points when refinancing, let’s first describe what mortgage points are. Mortgage points are fees paid in order to obtain a mortgage. Each point is based on 1% of the total amount of the loan. The most commonly known points are called discount points. According [...]
Continue reading...Don’t Fall for 0% APR
Tuesday, June 16, 2009
You have undoubtedly received a mortgage application in the mail offering you 0% APR for a specific time. While this offer may seem attractive, it is a gimmick the credit card companies and mortgage lenders utilize to entice people by offering an apple when, in fact, the real deal turns out to be a lemon. According [...]
Continue reading...Refinancing for Home Improvements
Tuesday, November 4, 2008
After you’ve lived in your home for a few years, you might decide it’s time for some home improvements. Maybe your home was second hand and it’s about time you fixed it up for health and safety issues. Or maybe your home just needs to be modernised. But the problem is money. Should you take [...]
Continue reading...A Wishlist for that New Home
Thursday, October 23, 2008
A new home is a big yet definitely a rewarding investment. For a regular family, it’s best to make all the planning and saving worth it by making sure that the new house is very close, if not nothing less, of the dream home the whole family has long waited for. Afterall, owning a new [...]
Continue reading...Reasons to Refinance Mortgage
Wednesday, October 22, 2008
Mortgage refinancing has become a common practice these days. In the old days, when you get a mortgage, you stay with it until it’s all paid out. But nowadays due to interest in real estate, investments and credit cards, consumers are becoming more in debt. Refinancing is a popular option for homeowners trying to stay [...]
Continue reading...Mortgage Rates - 7 Tips to Get Good Rates
Friday, October 17, 2008
People only want high interest rates for saving, never for loans. High interest rates means you’ll be paying much more to the lender than the amount you borrowed. In the world of credit, paying interest for loans is just the cost of doing business. For mortgages, you will be paying for it longer than you [...]
Continue reading...What are Balloon Mortgages
Friday, July 4, 2008
In this day and age, mortgages have evolved a long with the rest of the world markets and real estate investments. As a result there are many choices out there for homeowners to choose from. This article will introduce a type of mortgage called the balloon mortgage. You may have heard of people making “balloon payments”. [...]
Continue reading...The Differences Between Adjustable and Fixed Rate Mortgages
Thursday, July 3, 2008
Many people are not sure about the differences between adjustable and fixed rate mortgages. When you’re buying a home, finding the right mortgage is just as important as finding the right home. The first decision you will need to make is the type of interest rates you will be borrowing on. This article will take you [...]
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Tuesday, August 18, 2009
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