So, you want to buy a house and are looking online at home mortgages. Whether you want a fixed-rate mortgage, an adjustable-rate mortgage, or any of the other types of mortgages available, there are a few things you should look at when comparing...
Like the saying "Every rose has its thorns," every mortgage has its own risks and benefits. The type of mortgage you get will depend on your personal situation and what you think you "really" need. Here, it's important to think about what a...
A mortgage with a rate that changes over time is called an adjustable rate mortgage, or ARM.
This can be a very good choice for a lot of people.
The mortgage interest rate changes every so often based on an index.
Because...
Choosing between an adjustable rate mortgage and a fixed rate mortgage for your home loan is a very important choice. Each of these choices has both good and bad things about it. But in the end, the choice comes down to how much personal and...
We all know about the problems in the mortgage industry and with sub-prime loans. When they try to blame independent mortgage brokers, it makes me a little angry. I think it's a way for the banking industry to try to put out of business...
If you've read a newspaper or watched the news in the last few weeks, you've probably seen something about mortgage rates and the Federal Reserve banking system. Like many borrowers, you might be curious about how the Fed sets interest rates and...
An ARM, which stands for "adjustable rate mortgage," is a type of mortgage where the interest rate on the loan changes on a set schedule based on an index. Most of the time, the following are used to figure out interest rates:
Treasury...
Unfortunately, the opposite is true for a lot of people. Most of the time, at least one spouse's credit is ruined because of broken promises to pay bills, maxed-out credit cards, and a total lack of communication. Depending on how the money is...
Are all loans for a house the same? Or, if you're not careful, choosing one type of mortgage over another can get you into trouble. All mortgages are not the same. For example, an adjustable rate mortgage is different from a fixed rate...
According to Experian, a credit score is a number that helps lenders decide: "How likely is it that I will get paid back on time if I give this person a loan or credit card?" Your credit score is based on the information in your credit...