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Low Mortgage Rate Refinance Or Best Fixed Rate Mortgage?
When looking to refinance your existing mortgage, a low mortgage rate refinance is the ideal one. But the low mortgage rate refinancing can sometime be difficult. Low mortgage rate refinance is always negotiable thus sometimes you may end up with a higher loan rate than you have expected. Even after all the research and negotiations [...]
Who or What is Responsible for the Sub-Prime Loan Debacle?
There has been much ink spent lately on the problems in the housing market. Talk of people losing their homes because of bad loans, dishonest mortgage lenders and poor planning are rampant in most any paper you pick up today.
In fact, much of the blame has been heaped on those exotic mortgage instruments and their [...]
Finance Your Mortgage Through A Fixed Rate Or An Adjustable Rate – Which Is Better?
The only way to answer this question is to know exactly what is going to take place with our economy in the next two to five years. When choosing a mortgage, you need to consider a wide range of personal factors and balance them with the economic realities of an ever-changing marketplace.
Individuals’ personal finances [...]
Wall Street Bailout, Congressional Cover-up, or Sarbanes-Oxley?
Every new controversy demands a look at similar situations of the past. Just what is a bailout anyway? In the early 80’s, Lee Iacocca arranged a government loan and tax concessions to bring Chrysler Corporation back from the brink of bankruptcy— during the Carter Administration, to save you a Google.
The economic domino effect of a [...]
Cash Back Mortgage! Is it Friend or Foe
In an increasingly competitive mortgage market you start to see the banks push mortgage products that will give them an edge over their competition. They will offer any incentive they can to get you committed to a mortgage for as long a term as possible.
With cash back mortgages they offer to give you 5 percent [...]
Reverse Mortgages, Bank or a Broker?
After 31+ years Mortgage Banking experience working for large banks and Mortgage Bankers, we decided it was time to start serving our senior clients as mortgage brokers. When asked why we chose to do this rather than accepting positions with large banks, we tell people it was an easy decision to make, we love what [...]