by: Rony Walker.
You have been waiting decades for this day. It is not your 100th birthday. It is not your 50th wedding anniversary. And, it not the day that the local TV station airs a 24-hour Star Trek marathon. Today, you will make the last payment on ...
by: Alan Lim.
If you are getting yourself a home mortgage loan, you will most likely encounter a phase where you are torn between choosing a fixed rate or an adjustable type of mortgage. No one can really say that one loan is better than the other. The...
by: Alan Lim.
The home loan rate applied to your home mortgage is the cost of the money that you have borrowed.? The money itself is called the principal, while the price you pay to borrow the money is considered the interest.? In addition, you can ex...
by: Alan Lim.
There are many factors that determine the home loan rate that you will be charged on a new or refinancing mortgage loan. Knowing and understanding how each of the variables affect the interest rate will help you to make the best choice of...
by: Alan Lim.
Type of loanThe type of loan that you select has a significant impact on the home loan rate. A variable rate loan may start out at a low rate and quickly escalate to a much higher rate. In fact, this is one of the major reasons why homeow...
by: John Marshall.
When you are going to buy home through a loan, your focus usually is on what rate the loan comes. You want to ensure a low rate home mortgage so that the loan repayment is never a financial burden on your limited resources. But finding a ...
by: Stefano Sandano.
Adjustable rate mortgages are long term mortgage loans with variable interest rates. They have a schedule of principal and interest payments just like a fixed mortgage, but the interest rate may be adjusted at regular intervals during the ...
by: James Redder.
It is common knowledge that California oranges are the sweetest in the land. Not surprisingly there real estate financing follows suit. There creative options can help you put to rest any pre-existing bad credit mortgage loan you currentl...
by: Piyush Verma.
A bad credit mortgage refinancing where the owner intents to use the cash from the home's equity to pay off bills is called a debt consolidation loan. The value of the home being refinanced must have grown so that the home's appraised wor...
by: Neil Ebsworth.
The Federal Reserves latest cut in its prime rate by three-quarters of a percentage point may do little to assist home owners across the country who have built in fixed rate mortgages. It will however add stimulus to first time borrowers ...
by: Robert.
Home equity loan is one type of loan where the homeowner uses whatever equity he has been able to build up in his home as collateral for a loan. Obviously, therefore, this type of loan is secured. However, it is not secured by the home ...
by: Alan Lim.
Your situationBefore you begin to think about the whole process, take a look at where you are personally and financially. Don't try to fool yourself. Can you really afford to do it? They say don't put all your eggs in one basket but in th...
by: Adil Esmail.
What is the difference between the fixed rate vs. variable rate mortgages? For most people looking to buy their next home this questions comes up all the time. When you look at the bank's posted rates you usually see interest rates for m...
by: Alan Lim.
?Two Main Categories?There are many different home mortgage loans available but most fall into two main categories. ?To go with an adjustable or a fixed rate home mortgage loan is a matter of personal taste and goals.? To make this decisi...
by: Charles Essmeier.
In the last fifteen years or so, a new twist has arrived in the home equity market –- the reverse mortgage. Like a traditional home equity loan or line of credit, a reverse mortgage allows you to borrow against the equity in your home....
