Posted by NewBuyer on December 11, 2009 | No Comments
An easy-to-use tool to view the available mortgage rates in your local area and those available online. Seven steps, each on their own page gather information such as the purpose of your home loan (purchase or refinance), amount of home loan, type of loan and loan term. The resulting comparison chart presents the lender name, interest rate, APR, fees, points, estimated payment and more.
Source: Interest.com
Read More About Current Mortgage Rates at Newbuyer.com
Posted by NewBuyer on December 8, 2009 | No Comments
An insightful look at negotiating mortgage points. Learn how mortgage points work and how you can buy points to lower the interest rate on your home loan. See how to calculate the break even point if you decide to buy your points up front and when it might be better to spread the cost of the points over the life of the loan. Other tips from the resource include researching current rates to see how much it will cost to buy mortgage points, realizing the seller can help you pay for your points and asking for the points in terms of dollar amount and not a percentage.
Source: Mortgage Loans Explained
Read More About Mortgage Negotiation at Newbuyer.com
Posted by NewBuyer on December 8, 2009 | No Comments
These small-in-size charts display today’s national average mortgage rates (30 year FRM, 15 year FRM, 1 year ARM). From the resource: “These daily mortgage rates statistics come from surveyed data – not advertising. Our stats include loans of all sizes, not simply conforming loans, which gives you a better look at your mark.”
Source: HSH Associates
Read More About Current Mortgage Rates at Newbuyer.com
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