Mortgage Shopping, Made Easier
MORTGAGE rates are very low, but some people who could qualify for cheap refinancing are procrastinating. That may be because shopping for a mortgage can make root canal surgery seem fun. Choosing a...
View ArticleWhen an adjustable-rate mortgage makes sense
During the housing meltdown, adjustable-rate mortgages were vilified as a hallmark of irresponsible borrowing. Recently, though, they’ve been making a comeback, especially among affluent borrowers....
View ArticleFed Study Points to Wisdom of Further HARP Enhancements
Economists have been debating the value versus risk of expanded refinancing opportunities since the early days of the housing crisis. Proponents argue that refinancing would free up homeowner money...
View ArticleAdjustable mortgage’s risks and rewards
Even with mortgage rates near historic lows, not everyone gets a 30-year fixed-rate loan. Some homeowners choose adjustable-rate mortgages, or ARMs. ARMs have both rewards and risks. Among the...
View ArticleDifferent mortgages are for different situations
When it comes to home mortgages, there is no such thing as “one size fits all.” Homebuyers come to the financing table with a host of different circumstances dictating the type of mortgage they will...
View ArticleThree most common types of mortgages: 30 Year Fixed-rate, 15 Year Fixed-rate...
30 Year Fixed-rate The traditional 30-year fixed-rate mortgage is still the most popular choice for prospective homeowners. Since mortgage payments are spread across thirty years, monthly payments are...
View ArticleAs mortgage rates rise, ARMs finding favor
Karen Zoeller wasn’t too worried about rising mortgage rates when she went house-hunting. But the 25% down payment requirement for an investment property took her aback. So she pulled a old trick out...
View ArticleWhy You Won’t Get as Much Out of a Reverse Mortgage Now
The U.S. government is putting tighter restrictions on reverse mortgages, reducing the amount of equity homeowners can access through reverse mortgage deals. In a reverse mortgage deal, homeowners 62...
View Article1 Mortgage Mistake Millions of Americans Make
Buying beyond our means, adjustable rate mortgages, and reverse mortgages are common mortgage mistakes that many consumers make. But even financially savvy Americans can make the wrong choice when it...
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