Tag Archives: adjustable rate mortgage

Did you know your mortgage rate is adjustable?

Under today‚Äôs current economic climate people are always on the look out for ways of saving money and paying less for virtually everything. To reduce your monthly outgoings closely examine your mortgage policy to see whether your mortgage rate can … Continue reading

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Mortgage Refinancing for Home Improvements

Susan writes: Many home owners find themselves in need of money for major expenditures like home improvement or home repairs. There are many options for the home owner including mortgage refinancing or refinancing your home in order to gain the … Continue reading

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The Best Mortgage For Your Lifestyle

Mortgages can be confusing. What works for one won’t necessarily work for another. Different lifestyles require different mortgages. The 30-year fixed rate mortgage is the traditional choice but over the past 20 years, there has been an explosion of choices … Continue reading

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Mortgage Refinance Tips

If you are in an adjustable rate mortgage, now may be the time to see if you can refinance into a low fixed-rate mortgage. If you are in a fixed-rate mortgage paying an interest rate over 5%, you will save … Continue reading

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ARMs Looking Better Than Ever

Fixed rate 30-year mortgage loans are increasingly hard to get. With the federal government reducing its role in subsidizing home mortgages, they should be even more difficult to get in the future. ARMs are more popular and more available these … Continue reading

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The True Cost Of The Adjustable Rate Mortgage

The new consumer protection bureau is drafting two-page mortgage forms so consumers will have a clearer idea of what they are getting themselves into when they take on a mortgage. The Washington Post says: Federal law requires that mortgage-loan applicants … Continue reading

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Are You Shopping For A Mortgage?

I hope you have a lot of cash on hand, great credit, and a secure income. The housing world will be at your feet. USNEWS.com reports: If you buy a home, but plan on moving in five years or less, … Continue reading

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The Fall Of The 30-Year Fixed-Rated Mortgage

Most countries don’t make the 30-year fixed rate mortgage standard, so why must the United States? Borrowers would’ve done much better the past few years with an ARM (Adjustable Rate Mortgage). As Fannie and Freddie fade away, the 30-year fixed … Continue reading

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Residential Mortgage Applications Keep Dropping

The uptick in interest rates of half a percentage point over the past four months combined with a weak economy and high unemployment keeps residential mortgage applications falling. Liberals and conservatives generally agree that the U.S. government needs to reduce … Continue reading

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Mortgage Rates Edge Above 5%

This rise does not surprise me. What surprises me is that interest rates remain so low with the U.S. dollar so weak, and U.S. deficits so high. The LAT says: The Primary Mortgage Market Survey from the government-controlled mortgage company … Continue reading

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