mortgage: Mortgage Quotes - 11/05/06 12:51 PM
A mortgage quote is pretty much exactly what you would expect. It's a quote from a lender for your mortgage, which provides you with an interest rate and term for the mortgage. You can get a quote on any type of mortgage, from a fixed rate mortgage to an adjustable rate … (1 comments)
mortgage: Mortgage Refinancing - 11/04/06 12:29 PM
For many people, refinancing their mortgage is another way of saying 'renewal'. Their bank or lender calls them up and says, "It's time to renew your mortgage." They have a short discussion on the phone, which results in the signing of new papers for another term, without too much thought. However, … (0 comments)
mortgage: Saving Money on Your Mortgage - 11/04/06 12:27 PM
However, you have to be careful. The shorter the amortization, the higher the payment. So, while you save money over the long run because you pay less in interest charges for your loan, you have to be able to afford the payment in the short term. One option which reduces your … (0 comments)
mortgage: Mortgage Interest Rates - 11/04/06 12:24 PM
An important aspect of your home mortgage is the interest rate. This rate is negotiated for a period of time - from 6 months to as long as 10 years. This time period is the period over which you will pay the agreed interest rate. The lower your interest rate, the … (0 comments)
mortgage: A Mortgage Loan After Bankruptcy - 10/30/06 12:24 AM
Are you ready to buy a home, post bankruptcy? Start by determining how much house you can afford. This is critical. You don’t want to get into the same money squeeze as you were in before. Including principal, interest, taxes and insurance, it’s a pretty safe estimate that you can afford … (1 comments)
mortgage: Choosing the Right Mortgage - 10/28/06 12:50 AM
Perhaps the single biggest decision you make when buying a home (other than picking the home itself) is finding the right mortgage. The "right" mortgage will get you the right payment options, the right interest rate and the right lender to work with. The wrong mortgage? Well, you could end up … (0 comments)
mortgage: Fixed Rate Mortgage - 10/28/06 12:47 AM
A large majority of people choose the fixed rate mortgage. This mortgage guarantees a certain interest rate for a period of time. The most popular fixed mortgages are 3,4 and 5 years. However, you can have a fixed mortgage for as short as 6 months or as long as 10 years. The … (0 comments)
mortgage: Interest Only Mortgage - 10/28/06 12:46 AM
An "interest-only" mortgage is like a line of credit. You can pay only the interest on the mortgage. This can greatly reduce your payments in time of financial stress. However, it also means that the debt will never be paid off. With an interest only mortgage, you pay only interest for the … (0 comments)
mortgage: Adjustable Rate Mortgage - 10/28/06 12:43 AM
Adjustable rate mortgages do what you'd expect - the rate 'adjusts'. It works like this: With a fixed rate mortgage your monthly payments will be the same over the life of the mortgage. You'll always know what you'll have to pay. In contrast with an adjustable rate mortgage (sometimes called an … (0 comments)
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A mortgage quote is pretty much exactly what you would expect. It's a quote from a lender for your mortgage, which provides you with an interest rate and term for the mortgage. 
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