year
5 Reasons to Consider a 30 Year Fixed Mortgage Rate
Considering whether you need a 30 year fixed mortgage rate is important for people looking to buy a home and concerned about their monthly payments. Most people that buy a home later in life want to have the mortgage paid off as soon as possible. Before signing any documents, there are always many points to [...]
Why in Today’s Market a 30 Year Loan is King
In the past I used to tell people to look at different mortgage rates for different loan products and determine what was best for them. If they were planning on moving soon a 5 Year ARM might work. If they planned on staying on the house longer they might consider a 30 Year [...]
The 30 Year Loan Vs The 15 Year Loan
There are many decisions when buying a home. One of them is what kind of loan product to use. With interest rates, payment terms and points it can be a little overwhelming. In this article we are going to compare and contrast two popular loan products the 30 Year and the 15 [...]
How To Make The Decision Between A 15 Year Loan And A 30 Year Loan
Stress abounds when considering a new home. We look at the roof and check the shingles. We ask about the plumbing, the heating, and the air conditioning. And we stress out over the offer, wondering if we’re offering enough or too much based on what the house is really worth. And then once we finally [...]
50 Year Mortgages, Are They Better than a Interest Only Loan?
As real estate prices have soared lately in several hotspots like Las Vegas, much of California, Florida, and others, banks and mortgage companies are now spreading out payments to 50 years to make them more affordable. Prior to these 50 year mortgages, interest only mortgages were touted as the way to go. The [...]
The Benefits of the 15 Year Loan
Recently people have been interested in a lot of the more exotic loan programs from no interest loans to negative amortization. There has been some negatives associated with these loans with the changes in the mortgage industry. So I wanted to take some time to talk about the almost forgotten 15 year loan. [...]