Is your Adjustable Rate Mortgage (ARM) a monkey on your back? - 07/29/07 09:41 AM
An adjustable rate mortgage (hybrid/ARM), is a loan with an interest rate linked to an economic index. The interest rate, and your payments are periodically adjusted ^ up or down v as the index changes. Lenders generally offer lower rates on ARM loans because they have the ability to adjust the rate you … (5 comments)

What's a "historically low" mortgage rate? - 07/24/07 04:07 AM
Have you wondered how mortgage rates north of 6% are considered historically low?  Here is the answer according to Bankrate.com.
Bankrate has been tracking the 30-year fixed since September 1985. In nearly 22 years, the 30-year fixed has averaged 7.99 percent. Today's rates are under that and thereby considered "Historically Low."
… (4 comments)

What is a Point? - 07/19/07 07:44 PM
 
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All Mortgage Rates Are NOT Created Equal - 07/18/07 07:53 PM
Allow me to be your trusted advisor and you will fully undersand the loan options prepared for your consideration.Greg Zaccagni @ http://www.mortgageadvisor.info/  … (0 comments)

Illinois Legislature - Missing the Mark? - 07/06/07 09:41 PM
Illinois legislators missing the point?
Some IL State Senators have been attempting to pass legislation banning negative amortization loan products & stated income loans for mortgage brokers (only).  They also want to make individual loan originators liable for loans that default.
Here are some concerns about the effectiveness of this legislation.  … (2 comments)

Dupage County Mortgage Lenders - 07/03/07 10:33 PM
How do you choose a mortgage lender?  Is it important to meet with a loan officer before providing your loan application documents?  In todays electronic age where we press a button to send documents or via overnight packages, I'm always happy to take time to meet personally.Where a personal connection is important, it makes sense … (0 comments)

 
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