louisiana mortgages: 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, … (19 comments)
louisiana mortgages: 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)
louisiana mortgages: 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)
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