Rates on the Rise - 11/20/06 01:03 PM
Short-Term Interest Rates on the Rise
Adjustable Rate Mortgage Holders Prepare for Increase in Interest Rates
In 2004, the Federal Reserve made it clear that short-term interest rates would be increased at a "measured pace" because of a fluctuating US Dollar, unstable oil prices and an evaluation of other economic indicators. In an effort to curb inflation, the Federal Reserve has kept its word and continued to raise rates, including one incredible streak of 17 consecutive hike announcements following meetings of the FOMC. 
As a result of these interest rate increases, millions of homeowners with adjustable rate mortgages will feel the sting of … (0 comments)

Pay your home down rapidly? - 11/06/06 10:29 AM
Should You Leverage Your Home orPay It Down Rapidly? 
There is a great debate within the inner-mortgage circles these days. Should we, as loan professionals, encourage clients to borrow as much money as possible? Or would consumers benefit more if we helped them to understand the advantages of 15-year amortization schedules and pre-paying principal? Let's examine the pros and cons of both strategies.
Leveraging Your Property. In order to understand why you'd want to borrow as much as possible for your home purchase, you must first grasp the concept that equity has a zero rate of return. Here's an example: If Consumer "A" buys … (0 comments)

 

Chuck Walden

Dacula, GA

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GMAC Mortgage

Address: 1170 Peachtree St NE, 12th Floor Suite 1239, Atlanta, GA, 30346

Office Phone: (678) 725-8076

Cell Phone: (678) 725-8076

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