Mortgages

July 18, 2007

Know Your Refinancing Options

Know Your Refinancing Options

If you have a home and a mortgage, and you are thinking about refinancing, first you must know both what you want out of your new mortgage and what your different options are, so that you can pick the refinancing plan that best fits your needs ...

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Posted in Mortgages
July 7, 2007

Interested in Interest-Only

Interested in Interest-Only? Here’s What You Should Know

It used to be the case that you had only one choice when it came to paying off your mortgage - the conventional principal and interest plan.  Every month your payment would consist partially of interest (what you owe the lender for ...

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Posted in Mortgages
June 19, 2007

Making a Large Down Payment

Making a Large Down Payment - Is it Right For You?

Getting ready to buy a home?  Applying for a mortgage? Trying to figure out how you will fund your down payment? You could use the money you so diligently saved with your Savings or Money Market Account to make ...

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Posted in Mortgages
June 18, 2007

Will Consumer Spending Increase as Mortgage Rates Continue to Fall

Will Consumer Spending Increase as Mortgage Rates Continue to Fall?

The Federal Reserve continued to hold interest rates steady for the seventh straight consecutive time since June of 2006, remaining unchanged at 5.25%. The Fed’s decision means that the prime interest rate that commercial banks charge consumers for credit ...

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Posted in Mortgages
June 16, 2007

Time to Refinance Your Home Mortgage

When is the Right Time to Refinance Your Home Mortgage?

While fixed mortgage interest rates have been holding relatively steady for the past year --averaging 6.38% APR, slightly down .38% from a year ago - some homeowners with higher adjustable rates are finding that now is a good time to ...

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Posted in Mortgages
June 15, 2007

How to Pick the Right Real Estate Agent

How to Pick the Right Real Estate Agent

Some of the most important decisions that you will make in your life are the ones associated with buying or selling a home.  If you are a buyer, then you have to find the right neighborhood, the right home, and the ...

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Posted in Mortgages
June 11, 2007

Should You Pre-Pay Your Mortgage

Should You Pre-Pay Your Mortgage?

As with most things in the financial world, the answer to this question is not a simple one. There is not one piece of advice that should be given to everyone. Instead, there are several factors that should be taken into consideration when deciding whether ...

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Posted in Mortgages
June 9, 2007

Is a Down Payment Holding You Back

Is a Down Payment Holding You Back?  It Shouldn’t.

Do you have your eye on that four bedroom house with a white picket fence and a bonus room?  You’ve compared mortgage rates and monthly payments, and the only thing holding you back from buying your dream home (real ...

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Posted in Mortgages
May 1, 2007

Refinancing Your Mortgage to Pay Off Your Credit Cards

How to Use the Extra Cash You Save from Refinancing Your Mortgage to Pay Off Your Credit Cards

Mortgage industry experts estimate that over one trillion dollars worth of adjustable mortgages will reset by the end of 2007. Almost half of these will be refinanced into new loans, including fixed ...

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Posted in Mortgages