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Fixed-Rate vs Adjustable Rate vs Balloon Mortgages
November 11, 2001 "My broker has offered me the following 6% loans: a 30-year fixed-rate at 1.125 points; a 7/1 ARM at 1 point; a 7-year balloon at 0.375 points; a 5/1 ARM at .875 points; and a 5-year balloon at 0 points. How do I decide which mortgage is best for me ... more...

Is it Done Better in Denmark?
July 22, 2002 "A Danish friend was amazed when I told her of my ordeal in getting a mortgage. She said that in Denmark it was extremely easy and no one is ever taken advantage of. Can she possibly be right?" The Danish system is remarkably simple and efficient. While it does not ... more...

30 fixed rate related definitions

Amortization
Amortization Means loan payment by equal periodic payment calculated to pay off the debt at the end of a fixed period, including accrued interest on the outstanding balance. Fixed rate 30 year mortgage is fully amortized in 30 years loan. Some ARM loan products ... more...

Adjustable Rate Mortgage, ARM
Adjustable Rate Mortgage (ARM) Also known as a variable rate mortgage. The interest rate on these mortgages changes periodically. Variable or adjustable loans are loans whose interest rate fluctuates over the period of the ... more...

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Get Free 30 fixed rate Quotes and Estimates

Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

Turn That Fixed Rate Mortgage Into A Goldmine
When you purchased your home, you most likely got a fixed interest rate mortgage with a 15 or 30 year term. These are the most popular mortgages in the industry. Even in the summer of 2004, when the interest-only or simple interest mortgage loans became popular, the average American stuck to the ... more...

Florida Mortgage Loan Rates
Owning a home is a big investment and usually a one-time investment for most people. This is because of the high capital involved. Mortgage loans are a great option that many people use while purchasing a home. A mortgage loan is a loan taken for purchasing a property, wherein that property is kept ... more...

Secrets Your Banker Won't Tell You - Which Loan is Best for You?
Recently I was driving in my Car and I heard an Ad for a Mortgage lender who claimed they would help you find the Best Loan out of over 400 Different Loan Types. 400 Different Loan Types now that has to be confusing. How do you find the Best loan for you. Clearly the Best loan for you is not the ... more...

Little Known Secret: Eliminate your Mortgage in 23 years or less!
Wanna know a little secret? There is an ingenious method you can use, to pay off your 30 year fixed rate loan, in 23 years or less. Its straightforward, simple, and easy to understand. In this article, were going to explore this little known secret, and well provide several examples of how it works ... more...

Fixed Rate Mortgage Loans - Understanding The Basics
Fixed rate mortgages are the most common type of mortgage loan for home buyers. With predictable payments, long term homeowners can plan their budgets and guard against rising interest rates. But a fixed rate mortgage is not for everyone with its higher interest rates and a reduction in your buying ... more...

Can One Loan Be Best for Any Homeowner From 18-108?
How could one loan Satisfy the Needs of every homeowner? Yet Many people get a Home Loan for 30 years. Won't a persons needs change many times over the 30 year life of this loan? So the best loan for every homeowner would need to be flexible.When you buy your first home often your income will ... more...

Home Mortgages: Should You Apply Now?
If youre thinking about applying for a new mortgage or refinancing your current mortgage, you might want to take action now.In its survey this week (the week of Aug. 1), Freddie Mac, the corporation that finances many of the countrys mortgages, reported that rates on 30-year, fixed-rate mortgages ... more...

Accessing Funds You Never Knew You Had- Household Utilities and Mortgage Expense Reduction Plan
For most of us the process of getting out of debt and pursuing a venture that would create an income stream leading to early retirement seems just a pipe dream. It goes without saying; it takes money to make money. Most of us have had our eye on pursuing a stock, invention patent, greater ... more...

Selecting the Right Mortgage for You
A mortgage is a loan you take out to buy a home. This loan covers the "principal" (purchase price of the house minus your down payment) plus the "interest," which is the fee a lender charges you to borrow the money.There are various types of mortgages, including Fixed-rate, Adjustable-rate, Balloon ... more...

A Critical Guide to Home Loans: Your Options and How They Affect Your Future
Understanding Mortgage Loans-An Insiders GuideThere was a time in the not-so-distant past when financing the purchase of a home was relatively uncomplicated. You went to your local savings and loan and signed up for a 30-year, fixed-rate mortgage loan. Those days are gone, probably forever. Today, ... more...

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