One of the most important decisions you’ll make when you take out a mortgage is the interest rate. Not only do you have to worry about the number, but also what type of rate you choose. You can choose between a fixed rate and a variable rate. Keep reading to learn how to tell which might be right Read more
How Does an Adjustable Rate Mortgage Work?
Are you thinking of taking an adjustable rate mortgage? It certainly has its benefits, including a lower initial payment during the first few years. Before you take an ARM loan, though, you should know how it works to make sure it’s in your best interest to take this type of loan.Compare Offers Read more
How Does a 5/1 ARM Loan Work?
One of the choices you must make when you take out a loan is choosing between a fixed rate and an adjustable rate. The adjustable rate or ARM, gives you an introductory interest rate with the ability for the rate to adjust in the future.Compare Offers from Several Mortgage Lenders.In this Read more
Here’s What’s Coming Your Way When You Refinance
For those who have not refinanced yet, it can be confusing and complicated. However, refinancing is a good way to help homeowners afford their mortgages better. When one chooses to refinance, the ultimate goal is to save more money.To put it simply, you replace your current mortgage with a new Read more
Despite Fed Hike Rates Record New Low
And alas! Just when all heads are turned up for a mortgage rate rise, survey data comes out to surprise. In the most recent Primary Mortgage Market Surveyby Freddie Mac, the 30-year fixed-rate fell by two basis points to a new low. The report The report, conducted before the bond market sell-off Read more
