Maybe you’re buying your first home in Alabama, or perhaps you’re relocating to Alabama from another state. Either way, it’s important that you educate yourself on Alabama home loans before shopping for a home and mortgage. This article explains what you’ll need to know before buying a home in Alabama: The average price of a […]
Category Archives: Mortgage
I heard the news about another interest rate hike and thought it was about time to look into refinancing my mortgage. I contacted my mortgage company first. “I am interested in a fixed mortgage rate.” I said. “May I ask why that is?” The broker asked politely. “I don’t want to deal with the risk […]
Ameriquest’s loans are easy to qualify for, and they are willing to work with you to custom design a loan that fits your needs. An Ameriquest mortgage can mean that you can lower your current monthly payments, have cash back, and take a thirty day break from all of your current payments. A refinancing package […]
Everyone loves a bargain and getting a lower mortgage interest rate can save you a substantial amount of money over the life of your loan. There are several ways to go about ensuring that you pay the least amount of interest when you take out a home mortgage. Be aware of your credit score. Good […]
For many borrowers, adjustable rate mortgages are an attractive means of qualifying for a home. Fewer borrowers realize the potential negative amortization problems these loans can create. Adjustable Rate Mortgages Adjustable rate mortgages are very popular with home buyers. The popularity arises from the fact the initial interest rate on such loans is typically much […]
Refinancing a first and second mortgage requires some extra considerations. Depending on your equity, you may find that combining the two mortgages results in a higher interest rate. You may also find that you have to carry PMI with the refinanced mortgage. Will Refinancing Benefit You? Refinancing two mortgages allows you to consolidate your loans […]