Balloon Or Reset Mortgage Loans - Understanding The Basics
A balloon mortgage, also called a reset mortgage, offers lower interest rates with the option in 5 or 7 years to pay off the balance or resent the loan. Considered more risky than an ARM since interest rates can jump significantly, it is a valid option for those expecting to move or interest rates ... more...

Home Mortgage Loan Refinance - Refinancing a Fixed Rate Mortgage
Refinancing a fixed rate mortgage is usually only suggested when interest rates fall, but you can also save money by changing your loan terms. You can also pull out part of your equity to pay bills or renovate.Lower Interest RatesIn general when interest rates are at least 1% lower than your ... more...

Bad Credit Second Mortgage - How to Get Approved
Getting approved for a loan with bad credit is tricky, but not impossible. For the most part, lenders evaluate a person's credit history to determine whether they are a likely candidate for a loan. Low credit scores are indicative of several factors. A person either missed a few payments, or made ... more...

Mortgage Calculator How to Calculate Your Monthly Mortgage Payment
Just starting to shop for a new home? Do you want to know how to figure what your monthly payment would be based on a certain priced home? No problem, there are plenty of mortgage calculators on the web you can use free of charge (click here for an example of one). All you need to know is the ... more...

Mortgage Costs and Fees Defined
If you are getting ready to buy a new home or to refinance your present home, you can benefit considerably by educating yourself on the basic costs and terms connected with mortgage loans and payments. Knowing in advance about current interest rates, discount points, loan fees, principal, interest, ... more...

What Exactly is a Mortgage Broker and How Can He/She Help You Save Thousands on Your Mortgage?
Have you ever heard of a mortgage broker before? If you havent, then you definitely need to give yourself more options whether you are applying for a new home loan or are refinancing your current loan, and learn what they are all about. Mortgage brokers can help you save thousands over the life of ... more...

About Refinancing Your Home Mortgage Loan
Because of low mortgage rates, many homebuyers choose to refinance their current home loan. Refinancing at a lower interest rate means homeowners will pay reduced monthly payments. The ultimate goal of refinancing a home loan is to save money. Although refinancing may appear to be a smart move, ... more...

Refinance Your 1st Mortgage
Refinancing your first mortgage has several benefits. Of course, each situation is different. Thus, some homeowners may not benefit from a refinance. The process of refinancing is similar to obtaining the original mortgage. Homeowners receive quotes from various lenders, compare services, and ... more...

Refinance Mortgage Brokers Online
Refinancing a home loan through an online mortgage broker has several rewards. Because of record low mortgage interest rates, homeowners are opting to refinance their current home loan with the intention of obtaining a lower rate, which in turn lowers mortgage payment. A reduction in mortgage ... more...

Mortgage Questions to Ask Your Lender
Buying and financing a home today can be overwhelming. Here are some questions to ask your lender so that you can make informed decisions.Are both fixed-rate and adjustable mortgage loans available? What is the interest rate?How long can I "lock-in" the financing at the current interest rate?Is a ... more...