You think you’re the head of the class when it comes to types of home loans? Well consider this your extra credit, because we examine balloon mortgages in this week’s Know Your Mortgage.
Tag Archives | Adjustable-Rate Mortgage
So you’ve mastered the fixed-rate mortgage, but now you’re telling me there’s one that can adjust? Relax, start breathing, and take a minute to read this week’s Know Your Mortgage to get a simplified explanation of how and adjustable rate mortgage works.
An ARM can make great financial sense for certain homeowners, and serve as an effective tool in helping you achieve your personal finance goals. But it’s important to understand the how and the why.
This week, my main man Bryan Lyons, a former Home Loan Expert with several years of experience, sat down to talk with me about the pros and cons of refinancing from an adjustable rate mortgage to a fixed-rate mortgage. Bryan also chimes in on why now is the best time ever to lock in to an amazingly low mortgage rate or refinance to try and keep some more cash in your pocket.
So, you’ve probably heard by now that mortgage rates are at historic lows – again. People everywhere have been saying that now is a great time to refinance. And it could very well be – especially if you’ve currently got an adjustable rate mortgage. Find out if refinancing now could benefit you.
Mortgage rates came back this week showing decreases all across the board, which isn’t surprising considering the economic turmoil in Europe, and the super committee dropping the ball on finding a solution to the U.S. budget crisis.
According to the Mortgage Bankers Association, mortgage applications have increased since last week. Record-low interest rates have attracted home owners to refinance and prospective home buyers to buy a home.
Each mortgage type has its advantages and disadvantages. Here we discuss how a 5-year adjustable rate mortgage might be a good choice depending on your situation.
Good afternoon, Zingers! Welcome to our brand spankin’ new blog and our first installment of Watch-It Wednesday – ZING Edition! It’s the same weekly video [...]
Rate dip opens a window of opportunity as the economy moves toward recovery and rates inevitably rise. Great news for those seeking financing as home buying season begins.