Posted by NewBuyer on December 16, 2009 | No Comments
A must-read primer on the 1% loan origination fee commonly applied to home mortgage loans. Learn exactly what the origination fee covers and the pros and cons of paying the fee upfront vs. spreading it over the cost of the loan. A real-life example of both scenerios is provided making the concept very easy to understand. Armed with this knowledge, the resource states how easy it is to negotiate a reduced rate on your mortgage.
Source: Own the Dollar
Read More About Mortgage Negotiation at Newbuyer.com
Posted by NewBuyer on December 15, 2009 | No Comments
A solid look into the three most popular categories of mortgages being conventional, variable and government. Learn how, as the name applies, conventional mortgages are what the largest majority of people in the United States hold. Determine if a variable rate mortgage is a good bet for you. See how government home loans can help low income buyers and those who need assistance with getting a mortgage.
From the resource: “There are several types of mortgage loans and each one is catered to a specific circumstance. The type of mortgage loan you apply for will ultimately depend on your financial situation, the cost of the home and the interest rates.”
Source: Q and A’s
Read More About Mortgage Types at Newbuyer.com
Posted by NewBuyer on December 14, 2009 | No Comments
A comprehensive, must-read guide to subprime mortgage loans. The resource recommends asking yourself if you are certain you need a subprime loan and if so, how to shop carefully. Learn how to limit the risks of balloon payments and prepayment penalties and how to cover your assets.
From the resource: “If you’re getting a subprime loan, it’s even more important to read the fine print. If you’ve had money trouble in the past, you want to be extra careful not to sign anything that will cause more problems.”
Source: Bankrate.com
Read More About Bad Credit Mortgages at Newbuyer.com
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