Copyright 2006 Tracey Anderson Mortgage rates and fees vary from lender to lender, and it’s not always easy to compare all the details to find the best deal. Mortgage brokers help consumers sort through all those details and find the best mortgage solution possible, often through resources and connections that an ordinary consumer does not […]
Category Archives: Mortgage
There is a lot of speculation and debate among economists about whether the Federal Reserve will raise the Fed’s short term interest rate to 5% in their meeting on Wednesday. If they do, it will make 16 straight jumps of.25%, since it reached it’s low point of 1%. Most people seem to feel that statements […]
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 points need to be properly understood and calculated. Counting the Points Lenders may or may not include discount and origination points in their California […]
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 periods range from six months to […]
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 aren’t because they are based on competing investment options, for instance investing in stocks rather than real estate. When the Fed cuts […]
Zero down home financing is about getting rid of the obstacle of closing costs. You can trade in your rent payment for a house payment without paying thousands at closing. Before you start enjoying the benefits of home ownership, make sure you follow these tips to get approved for the best rates. Check Your Credit […]