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mortgage refinancing: What Is An Interest Only Mortgage - 02/05/08 03:45 PM
By, Gaurav Bhola, MSM
An interest only mortgage has scheduled monthly mortgage payments consisting of interest only. Generally, the length of the interest mortgage payments last for a period of 5 to 10 years. If you pay only interest during this period your proceeding balance will remain unchanged. However, you may choose to pay more than the minimum interest payment every month.
An interest-only home loan represents a higher risk for lenders; hence, your mortgage loan will have a somewhat higher interest rate. If you expect a substantial increase in income in the forthcoming years the interest only mortgage loan gives you … (0 comments)

mortgage refinancing: What Is 100% Financing Mortgage Loan? - 02/05/08 03:44 PM
By, Gaurav Bhola, MSM
The mortgage industry has worked diligently to find loan solutions for home buyers who wish to purchase a home without a down payment. The industry wants not only to increase home ownership in the U.S., but also target a growing untapped market of consumers who desire home loan solutions that require no down payment. This type of "zero down" mortgage is popularly known as 100% financing.
It is essential to understand that the term, "100% financing," does not automatically signify higher interest rates. Actually, if your credit is good, you are eligible for equivalent rates that are applicable … (0 comments)

mortgage refinancing: Top Six Reasons to Do a Mortgage Refinance - 02/05/08 03:27 PM
By, Gaurav Bhola, MSM
There are several reasons to do a mortgage refinance. Here are the top six reasons to refinance:
1. Lower Your Monthly Payment
Have you ever asked yourself if you could lower your monthly payment? Work with a personal Mortgage Consultant to customize a refinancing solution to meet your specific loan needs.
Refinancing to a lower interest rate means more cash for youEnjoy more options with money you save every month due to lower monthly paymentPay off your loan faster if you choose to by paying a little more every month on your mortgage from the extra money you save from … (0 comments)

mortgage refinancing: Home Loan Finance And Mortgage Refinance Options - 02/05/08 03:20 PM
By, Gaurav Bhola, MSM
After buying your home it is now time to find the perfect mortgage financing. Make sure you consult an expert Mortgage Consultant in terms of financing that fits your needs. There are many choices available to you for home loan finance and mortgage refinance. But it is critical that you take your time to understand the various choices before making a final decision. Here are some home financing options:
· Fixed-Rate Mortgages
· Adjustable Rate Mortgage(ARM)
· Interest-Only Mortgage Loans
· Conforming Loans
· Jumbo Loans
· Subprime Mortgages
· Hybrid Mortgage Loans
· 100% Financing
· Conventional Loans
· Government Loans
Refinance for My Current Home
If … (1 comments)

mortgage refinancing: Are Subprime Shockwave Fears Justified? - 11/14/07 02:59 PM
by Gaurav Bhola, MSM
The specter of the subprime mortgage sector upon the economy continues to dominate the news.  Many investors are worried about the effects on the economy of the downward spiral of these types of loans. Still the uncertainty has not produced a recession, but according to some analysts one may be on the horizon this summer.  Historically this sector of the mortgage business was 9 to 12 percent of the overall market.  For example, from years 1996 to 2000 subprime loans accounted of only 9 percent of the total loan origination market.  However, during the housing boom that percentage … (2 comments)

 

Gaurav Bhola

Orlando, FL

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