Private Mortgage Insurance (PMI) (21 Mar 2006) If your down payment on a home is less than 20 percent of the appraised value or sale price, you must obtain private mortgage insurance, known as PMI, with your lender. This will enable you to obtain...
Mortgage: For Those Twilight Years (21 Mar 2006) Tracing back, the concept of reverse mortgages began when one good soul, Nelson Haynes of Deering Savings and Loans wanted to help out the widow of his high school football coach. Today that small act has developed into a popular financing option for the senior citizens. With about 6,000 people turning 62 every day, the market is on an upswing.
Alternative Options For Rising Interest Rates (21 Mar 2006) As interest rates have risen in the last six weeks from record lows, homeowners are once again face with finding viable options to reduce the amount of interest paid on their home loans. The rush to...
Mortgage Free In 15 Years! (21 Mar 2006) Imagine paying your mortgage off in 15 years! Think of all the great things you could do with that extra money. What would you do? Retire early? Buy an R.V.? Travel around the world? If you cou...
Little Known Secret: Eliminate your Mortgage in 23 years or less! (21 Mar 2006) Wanna know a little secret? There is an ingenious method you can use, to pay off your 30 year fixed rate loan, in 23 years or less. It's straightforward, simple, and easy to understand. In this artic...
Is an ARM Right For You? (21 Mar 2006) Let's start by taking a look at 7 key elements of an adjustable rate mortgage: 1) ARM defined: While a fixed rate loan is constant and never changes throughout the life of the loan, an adjustable ra...
Top 10 Things to Consider on Home Loans (21 Mar 2006) Here are our Top 10 most important things to consider when shopping for a Home Loan, Equity Line of Credit, or Refinance, courtesy of LoanResources.Net: Down-Payment, Fixed Versus Adjustable Rate...
Online Mortgages in 5 Easy Steps! (21 Mar 2006) We're all entitled to the opportunities and benefits of home ownership. But because most of us aren't loaded with cash, we must find banks and lenders to assist us with finance. No matter what your ...
Be Prepared With Your Home Equity Loan Checklist (21 Mar 2006) The biggest obstacle to overcome when applying for a home equity loan is deciding on the appropriate online loan lender. Make the wrong choice here and it could come back to haunt you in the form of higher payments.
