Mortgage & Refinancing Information:
Please feel free to use our online mortgage calculator.
A few notes of importance: This only applies to a homestead
property, that is the customers primary residence LTV refers to Loan to Value, meaning the loan amount as compared to the value
of the home. As an example, a loan of $75,000 on a home valued at $100,000 would be a loan at 75% LTV.
Whether you're looking to buy your first home, or trading up to a
larger one, there are many costs - on top of the purchase price - that you must figure into your calculation of affordability.
These extra fees, such as taxes and other additional costs, could surprise you with an unwanted financial nightmare on closing day if you're not informed and prepared.
Before you consider taking out an interest-only mortgage, you should first understand what they are. Unlike traditional,
fixed-rate mortgages, interest-only mortgages allows the borrower to initially pay the interest on the principal for a short period
of time, rather than making payments on both the principal and the interest.
You've finally found that dream home that you have always been
searching for, but you are afraid to apply for a mortgage because you have bad credit or less than perfect credit. Before you give
up entirely, there are many mortgage programs that are geared towards people just like you.
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