Paul Parsons's (bestchoice) Blog

Lock In Your Interest Rate  A lock, also called a rate lock or rate commitment, is a lender's promise to hold a certain interest rate and a certain number of points for you, usually for a specified period of time, while your loan application is processed. Depending upon the lender, you may be abl...

Annual Percentage Rate (APR)  A tool used to compare loans across different loan programs is the Annual Percentage Rate (APR). The Federal Truth in Lending law requires mortgage companies to disclose the APR when they advertise a rate. It is designed to represent the true cost of the loan to the ...

30 Year Fixed Rate Trend Chart Trend SummaryToday's Rate6.320 % Change0.000  High Average6.53 % Low Average6.17 % This is great rates are going down.  Research RatesBegin by checking out current interest rates and rate movements when shopping for a mortgage. Mortgage rates generally rise and fall...

one of the first decisions you will need to make when considering any property is whether it will be designated as a short term or long term investment. are your intentions to purchase a property, repair or improve it, and then make a quick sale? or do you intend to keep the property, rent it, an...

calculating the cash flow from an investment in rental property will tell you whether your investment makes economic sense. here's how to do it. first, calculate taxable income or loss from the property. taxable income or loss is rent received minus three types of expenses: operating expense, dep...

buying investment propertyby clifford a. hockleyfew commercial transactions involve a simple purchase agreement without amendments or a quickie loan application. the process is more complex and each transaction is unique. the result is that sometimes the best way to close purchases is to come up ...

this is frustration... not being able to enter the rooms that god had for me because i was not mature enough to handle it. this is failure! i could live with not having what someone else has. i can handle that. i can't however live without what god has for me!"--td jakes "your unhappiness is not ...

List of realtor services first of all, let me introduce myself. my name is paul parsons and i want to be your mortgage loan contact. let me show you how this benefits us!  i specialize in helping people purchase a home with little or nothing down and less then perfect credit!  i work with you not...

Wow! They say that the national average for credit is 620.  I've pulled atleast 50 credit reports this month and, That's not what I'm seeing I think here IN New Mexico it has to be lower because, that's just crazy.  I have one lender who will do a loa no matter any score or even if they don't hav...

Freddie Mac (NYSE:FRE)released the results of its Primary Mortgage Market SurveySM (PMMSSM) in which the 30-year fixed-rate mortgage (FRM) averaged 6.80 percent, with an average 0.5 point, for the week ending July 20, 2006, up from last week's average of 6.74 percent. Last year at this time, the ...