option
Choosing a Fixed or ARM Option
One of the most important decisions a homeowner will have to make when deciding to re-finance their home is whether they want to refinance with a fixed mortgage, an adjustable rate mortgage (ARM) or a hybrid loan which combines the two options.
The names are pretty much self explanatory but basically a fixed rate mortgage is [...]
The Downfalls of a Remortgage Option
A re-mortgage simply means switching your current mortgage to a new loan, usually at a lower interest rate. You can re-mortgage through your current lender or opt to switch your mortgage company altogether. Homeowners generally use the extra cash they receive in re-mortgaging to either make home improvements, take long-needed vacations, or cut down the [...]
Reverse Mortgages: One Option as a Home Owner
Becoming a home owner can be a very gratifying step in your life. Although it may take some extra time and stress when you are first going through the process of buying your home, once you are settled in, you will soon realize the benefits that come along with owning your own home.
There are [...]
Upside Down On Mortgage, Is Foreclosure My Only Option?
So who is better off in this foreclosure crisis? The homeowner that put down 20% on their home when they purchased it, the one that financed 100% or the one that is an interest only mortgage or adjustable?
The answer to these types of questions will vary from critic to critic, however; it seems that the [...]
Refi Readiness: How to Determine if Refinancing is a Viable Option
With the recent lowering of the federal funds rate, and the Fed’s move to slash it yet again to a range of 0 to 0.25 percent, many homebuyers are scrambling to refinance their mortgages in an effort to take advantage of falling rates. However, before doing so, there are some considerations to make as to [...]