real estate: Great Consumer Information Post by NAR!
- 10/14/10 11:47 AM
Find the Home Loan that Fits Your Needs By: G. M. FiliskoPublished: February 10, 2010Understand which mortgage loan is best for you so your budget is not stretched too thin. The basics of mortgage financing The most important features of your mortgage loan are its term and interest rate. Mortgages typically come in 15-, 20-, 30- or 40-year lengths. The longer the term, the lower your monthly payment. However, the tradeoff for a lower payment is that the longer the life of your loan, the more interest you'll pay.Mortgage interest rates generally come in two flavors: fixed and adjustable. A fixed … (0 comments)
Find the Home Loan that Fits Your Needs
;)
;)
