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30 Year Fixed Rate Refinancing

By Team iBizExpert On March 12, 2022 11:33 AM No Comments

In America, the "classic" mortgage is a 30-year fixed-rate mortgage. This isn't the first mortgage, though; the idea started during FDR's presidency, more than 60 years ago. Fixed rate mortgages have been very popular in the United States for...

1.25% Neg Am Loans: How Deferred Interest Mortgages is Good Home Financing

By Team iBizExpert On February 16, 2022 05:24 AM No Comments

Are there really interest rates of 1.25 percent? Neg am mortgages figure out more than one mortgage rate. The payment rate is one, and the interest rate is the other. The payment rate is capped at 7.5% of the last payment, which is good news. The...

Protecting Your Credit During Divorce

By Team iBizExpert On February 14, 2022 07:07 AM No Comments

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...

Option Arm Mortgage Loans: How do they work?

By Team iBizExpert On February 13, 2022 04:00 AM No Comments

Most option arm mortgage loans give the borrower four ways to pay each month: a fixed payment for 30 years, fixed payment for 15 years, a payment for interest only, or a deferred interest or minimum payment. The fully indexed rate is used...

Flexible Payment Mortgages

By Team iBizExpert On February 10, 2022 07:15 PM No Comments

Most mortgages have monthly payments that stay the same. But what if you don't get paid every week? Would you like to be able to make changes to your mortgage payment based on how much money you have coming in? You can do this with an option ARM,...