Posts tagged: Mortgage Payment

Advantages To Getting A Let To Buy Mortgage

When you purchase a home through a let to buy mortgage you are at first leasing your home. A let to buy mortgage quite simply means that the person whom owns the home is allowing you to live in the home. The homeowner will generally charge you more than the current mortgage on the home. [...]

Thursday February 17th, 2011 in , , , , , , , , , , , | No Comments »

What Every Mortgage Holder Should Know About PMI

Insurance – we need it for our life, our car, our house, our health and yes, in some cases, even for our mortgage. Private Mortgage Insurance (PMI) is the mortgage industry term used to describe insurance that protects the lender of your mortgage against any type of default. It’s primarily used when you [...]

Saturday January 1st, 2011 in , , , , , , , , , , , , , , , , , , , , | No Comments »

The Shocking Truth About Your Mortgage!

What your banker wont tell you
This summer could be a foul season for many consumers followed by tumultuous times for the remaining years. The quadruple jinx of rising interest rates, higher credit card minimum payments, erratic fuel costs, and depressed home values could be the calamity for many families already living on the threshold of [...]

Saturday November 13th, 2010 in , , , , , , , , , , , , , , , , , , , , | No Comments »

The Pros and Cons of Adjustable Rate Mortgage

An adjustable rate mortgage, commonly referred to as an ARM, is a mortgage where the interest rate on the mortgage changes periodically, on a schedule, according to an index. The most common indexes used to determine the interest rates are:
One-year constant maturity treasury securities (CMT)
Cost of Funds Index (COFI)
London Interbank Offered Rate (LIBOR)
A lending institution’s [...]

Saturday October 30th, 2010 in , , , , , , , , , , , , , , , , , , , | No Comments »

The Down Payment and Mortgage Relationship

Most people automatically look for the lowest down payment option on mortgages. This knee jerk reaction is not always the best way to go.
The Down Payment and Mortgage Relationship
A down payment is usually required when obtaining a mortgage. Although there are some down payment free mortgages available, these can generally tend to carry higher interest [...]

Saturday September 25th, 2010 in , , , , , , , , , , , , , , , , , , , , | No Comments »

Reverse Mortgages Can Benefit Elderly

Reverse mortgages are available through lenders insured by the federal government and can be of great benefit to those who are eligible to apply. There are three types of reverse mortgages currently available in the United States, including Home Equity Conversion Mortgages (HECM), Fannie Mae (FNMA) Home Keeper and Financial Freedom Cash Accounts. [...]

Saturday May 15th, 2010 in , , , , , , , , , , , , , , , , , , , , | No Comments »