benchmark mortgage: Adjustable Rate Mortgage Reset Schedule (GRAPH) - 09/12/07 12:36 PM
This graph is a good indicator of what is to come (and when). It shows that subprime ARM resets will hit their peak in the next few months, while the Option ARMs, Prime ARM, and Alt-A ARM resets will peak in the next 36 months or so. The sheer numbers are staggering, … (18 comments)
benchmark mortgage: Foreclosure Rescue Scams Run Rampant - 09/10/07 05:32 PM
As foreclosure rates rise, more and more "Foreclosure Savers" are popping up. They are, of course, targeting unsuspecting homeowners who are having trouble paying their mortgage payments and are scared to call their mortgage servicer to discuss a payment plan. According to an article on Yahoo! Finance, scammers are discouraging the homeowners … (14 comments)
benchmark mortgage: To Pay Points Or Not To Pay Points - That Is The Question! - 08/30/07 01:47 PM
How do you "buy" a better rate? Great question - let me tell you. A point -- which equals 1% of the total loan amount -- is an up-front fee that lowers your annual interest rate and total interest due over the life of your loan. So, a one point loan will … (6 comments)
benchmark mortgage: Don't Want Your Mortgage? Get Rid Of It! - 08/22/07 10:54 AM
How to Reduce Your Mortgage One Additional Mortgage Payment a Year There's a simple trick to significantly reduce the length of your mortgage and save you thousands of dollars. The trick is to make one extra mortgage payment a year and apply that payment toward your loan's principal. This is the method being used … (2 comments)
benchmark mortgage: Help Me! I'm bankrupt! - 08/09/07 12:06 PM
I had to file bankruptcy - what do I do now? A bankruptcy filing delivers a devastating blow to your credit and FICO score, but it doesn't mean you have to wait 10 years before you can qualify for a mortgage. Many consumers who have filed for bankruptcy have been able to … (6 comments)
benchmark mortgage: Buying A Home? Here's A List Of DON'TS! - 08/08/07 02:07 PM
Things to avoid when buying a home Many new homebuyers make the mistake of rushing out to buy things to fill their home with as soon as the seller accepts their purchase offer and the lender pre-approves their loan. But there are still a few major hurdles to overcome before the keys are … (5 comments)
benchmark mortgage: Are You Pre-approved or Pre-Qualified? What's The Difference? - 07/26/07 02:06 PM
Are you pre-qualified or pre-approved for a loan?Before you begin to shop for a new home, you should set up a time to meet with us so we can figure out how much you can afford. This will put you in a better position as a buyer. That's when it is important to … (3 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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