Real estate blog entries tagged with term by Jason Schweiger (Network Funding LP)

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Home : Blogs : Jason Schweiger : Issaquah, Bellevue, Redmond, Kent, Covington, Auburn, South King County Real Estate - Active Rain : Tag "term"

term: 15 year loan versus the 30 year loan. Which mortgage is best for your purchase or refinance? - 03/14/12 08:08 PM

Determining which mortgage term is right for you can be a challenge. With a 15 year mortgage you will pay significantly less interest, but only if you can afford the higher monthly payment. Use this calculator to compare these two mortgage terms, and let us help you decide which term is better for you. Here is a helpful calculator that shows the mortgage payoff curve...
http://www.mynwagent.com/15vs30YearMtgCalc
… (2 comments)

term: "No cost" refinance loan is not really a no cost. You just dont pay the costs, so the effect is the same. - 08/15/11 10:45 PM

There is a lot of confusion about the "no cost" refinance. What people need to realize is that there are always costs on a loan such as appraisal, underwriting, processing, title, escrow, and etc,. The difference is that with a "no cost" loan the rate is increased by a certain amount of basis points, depending on the loan amount, to create a credit from the lender to the borrower to cover these costs. This way the borrower does not pay the lender costs, but will pay for them in the rate.
This is great for a borrower that plans to keep the … (3 comments)

term: FHA increases the monthly MI and lowers the upfront MIP. Conventional much better option, if you can manage the 5% down instead of 3.5% - 06/18/11 01:17 PM

FHA has increased their monthly MI cost and lowered the upfront MIP fee to 1%. Conventional is a better option, if you can put down 5% instead of 3.5% and if your credit is above 700. Conventional does not have an upfront funding fee and the monthly MI fee is lower too. Here are the new costs of the FHA loan...
FHA Annual Mortgage Insurance Premium Increase

… (0 comments)

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Jason Schweiger

Auburn, WA

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Network Funding LP

Address: Auburn, WA, 98001

Office Phone: (253) 315-5580

Cell Phone: (253) 315-5580

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Puget Sound Mortgage Broker working hard for my clients in the entire Puget Sound region including Issaquah, Bellevue, Seattle, Redmond, Kent, Auburn, Maple Valley, Covington, Renton and more.

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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.