By admin on August 3, 2011
After the Federal Reserve announced it had lowered its rate by a half percentage point many Americans assumed it was time to refinance. So, around the country, thousands of people called their lenders to start the process. There are many facts you must gather and consider first. How long is your current mortgage? Does it [...]
Posted in Business and Finance | Tagged best, is, it, mortgage, refinance, to, when, your |
By admin on July 21, 2011
Within the world of finance is a world of borrowing because using other people’s money is how regular people get started in big business. Borrowing is also how people who don’t happen to have $400,000 at their disposal purchase nice new homes in nice neighborhoods. Without mortgages, very few people would own homes and the [...]
Posted in Business and Finance | Tagged amortization, and, calculate, easy, own, quick, table, the, way, your |
By admin on July 15, 2011
There are times when it’s a good move to refinance your mortgage. Simply put, refinancing means you borrow the money to pay off your current mortgage. This is generally done in order to lower mortgage payments and/or take advantage of lower interest rates. If you have an adjustable rate mortgage (ARM) it will save you [...]
Posted in Business and Finance | Tagged important, mortgage, points, refinancing, when, your |
By admin on May 29, 2011
Most of us couldn’t even think about buying our homes if we were unable to get a mortgage. For all their faults; the high interest rates, the large down payments needed and the oppressive monthly payment that constantly hangs over our heads, we have to be thankful that we have a mortgage. If we were [...]
Posted in Business and Finance | Tagged how, lower, monthly, mortgage, on, payments, the, to, your |
By admin on May 21, 2011
I just finished reading yet another article on the internet by AP Economics writer, Martin Crutsinger, in which he states Sales of existing homes fell to the lowest level in nearly a decade in January while the median price for a home dropped for the fifth straight month. His article quotes the chief economist for [...]
Posted in Business and Finance | Tagged comfort, in, mortgage, reverse, your |
By admin on April 18, 2011
Many senior homeowners have lived in their homes for a very long time, have no desire to move and have gotten reverse mortgages so that they can continue to live in their homes payment free for life while accessing their equity to help supply them with income or cash to meet their living needs. Still [...]
Posted in Business and Finance | Tagged a, home, mortgage, purchase, reverse, with, your |
By admin on April 10, 2011
Most people understand that the mortgages that they may qualify for are directly related to their credit scores. Common sense dictates that the better your credit scores are the more mortgages you would qualify for, and for better interest rates, as well. But let’s face it, the number of people who have perfect credit are [...]
Posted in Business and Finance | Tagged and, credit, mortgages, score, understanding, your |