home buyers: “Escape From Making The 10 Biggest Blunders When Buying A Home!!! - 01/02/09 01:58 AM
The 10 Biggest Blunders You Can Make When Buying A Home! 

1. Losing Money With Lower Interest Rates. 
Some loans have very attractive interest rates (also known as teaser rates) but you may be hit with higher upfront charges.  Points and/or origination fees are the most common ways to lower the rate and charge up front costs.  When searching for a mortgage, ask the lender if they are charging points or origination fees.  Points and origination fees are calculated as a percentage of the loan amount. See example below.
Beware of Adjustable Rate Mortgages (ARM's) and Balloon Mortgages.  ARM rates … (0 comments)

 

Nicholas Napoletano

Red Bank, NJ

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Nicholas Napoletano

Address: 60 Broad Street, Red Bank, NJ, 07701

Office: (732) 667-9700

Mobile: (732) 757-1975



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