Okay, that old rusty buggy that still looks like a car has been taking up too much room in your driveway for far too long. It's now a regular part of the neighbourhood. You've been able to ignore it, but your neighbours are starting to get...
Even if you have bad credit, you might still be able to buy that new home. Lenders are definitely getting easier on people with bad credit when it comes to getting a mortgage loan. Here are some things you should know about getting a loan for...
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...
Finding a house with a mortgage that can be taken over by someone else could be a real find, but it doesn't happen very often. Assumable mortgages are usually only used by the FHA and the VA. This means that another person can just take over the...
Most likely, most people know that interest rates have been going up. Those who have mortgages with fixed rates don't really care. But if you have a mortgage with an adjustable rate, your payments may have already gone up. Since these can go up a...
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...
Most mortgages fall into one of two basic types: those with a fixed rate or those with a rate that changes over time. But even within these two categories, there are a lot of different ways to get a mortgage that fits your needs. If you are...
In the last few years, more and more mortgages have been added to the market, making the world of mortgages a real minefield.
There are mortgages for many different situations and needs these days, but the whole process can still be...
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...