 |
Real Estate Finance Strategy that Few People Consider
If you are considering a new home loan anytime soon, and you
do not want to get an adjustable rate mortgage (remember, ARMs
are very strong loans), you should consider a 2/1 buydown.
This is a great mortgage program for people who require a
smaller payment now, knowing that they will have more money in
the following years.
Here's how it works.
You pay an additional premium on your loan amount to get a 2
percent improvement on the rate. So, if the 30-year fixed rate
mortgage is 6 percent, you will get a rate of 4 percent in the
first year of your loan. In the second year, your rate will go up
one percent to 5 percent, and in the third year, your rate will
increase to the rate it was when you locked in your loan, the 6
percent in this example.
Then, it will remain fixed at that rate, until you pay it off,
sell or refinance.
For people afraid of adjustable rate mortgages, this is a very
powerful loan. It's also great for people buying their first home
or for newlyweds, who think they have to rent, before buying.
Remember, there are many ways to get into a home. This program is
one of them.
Mark Barnes is the author of the new novel, The League, the
first work of fiction, based on fantasy football. He is also an
investment real estate and home loan finance expert. Learn more
about this suspense thriller at http://www.sportsnovels.com.
Get his free mortgage finance course at http://www.winningthemortgagegame.com
MORE RESOURCES updated Sun. May / 28 / 2023
 |
 |
 |
RELATED MORTGAGE AND REFINANCING ARTICLES:
Adjustable vs. Fixed Rate
Mortgages
Mortgage rates can either be fixed for the duration of your
loan or can be adjustable. An adjustable rate mortgage is a
loan that is set up with an interest rate that changes
based on pre-determined criteria, primarily tied to the
federal interest rate.
Home Equity Loan - Good
Choice for Luxury Purchases?
Home equity loans or lines of credit have increased
dramatically in popularity in recent years. One of the
reasons is that interest rates are at or near historic
lows; borrowing money has rarely been more affordable.
Home Loans and Mortgages
- Time to Consolidate Loans?
Home equity loans and lines of credit are useful tools for
homeowners. They allow the homeowner to borrow against the
value of his or her home for all kinds of purposes - home
improvement, debt consolidation, vacations, and more.
Understanding Fixed-rate
Mortgages
A fixed-rate mortgage is a mortgage on which the interest
rate is set for the term of the loan. Your interest rate
stays the same for the term of the mortgage or for a
specified period of time.
Home Equity Loan or Home
Equity Line of Credit - Which is right for you?
The most common type of home equity loan is the term loan.
This loan is set for a fixed amount of time, anywhere from
five to fifteen years.
Bad Credit? First Time
Buyer? You Can Still Get Approved For A Home Mortgage
Loan
Do you have bad credit that you worry will stop you from
being able to apply for a home mortgage loan? Have you
given up on the dream of being a home owner? Well don't.
Take comfort in the fact that there are special home
mortgage loans that you can apply for, that will make sure
your dreams of becoming a home owner are fulfilled! Home
Loans Are Flexible - The first thing you need to
keep-in-mind is that home loan mortgages are very flexible
- they can be adjusted to meet the needs of any borrower.
Home Buyers Face
Decisions that Affect Their Long-Term Financial
Picture
Taking the step for prospective home buyers into home
ownership is one of the most important financial decisions
a person will make in their lifetime.
New Home Loan - 3 Tips
To Speed Up The Mortgage Loan Approval Process
Imagine this: you've found the perfect house, and feel
lucky because the interest rates happen to be at an all
time low. So you submit your mortgage loan application, and
then? wait.
Home Loans - Repair
Credit Errors in Three Days!
Most consumers are aware that a history of paying bills
late or not at all can hurt one's ability to obtain a loan.
All financial transactions are recorded by three credit
bureaus and offered to lenders upon request in the form of
a credit report.
Why Choose a Home Equity
Loan?
There are many reasons for choosing a home equity loan. A
home equity loan allows homeowners to obtain a loan in
addition to their original loan using the equity in their
home.
An Infinity
Mortgage?
Here in Spain the concept of a mortgage period of 20 or 25
years is something new. The general feeling by the banks is
that want their money back more quickly than banks in
countries in which they are accustomed to longer periods.
Decision Time: Home
Equity Loan or Home Equity Line of Credit?
Home equity loans and home equity lines of credit continue
to grow in popularity. According to the Consumer Bankers
Association, during 2003 combined home equity line and loan
portfolios grew 29%, following a torrid 31% growth rate in
2002.
This Secret Weapon Will
Enable You To Close Up To 200% more Home Remodel
Sales
Many Homeowners are not aware of all the options that are
available to them when it comes to Home Loans. As a Home
Remodeling Specialist you have a very powerful sales tool
that most of your competitors don't even know exists.
Choosing The Right
Mortgage For You
This article will help you understand the differences
between a variety of mortgage options. There are many
different mortgage products offered by the various lending
institutions in Canada, so you may not know what features
to look for.
Ending Your Private
Mortgage Insurance Early
Private mortgage insurance, or PMI, is the safety net of
the lender. PMI benefits lenders because it guarantees
payment on the balance of loans not covered by the sale of
foreclosed properties.
5 Things In Selecting
The Best Mortgage - You Should Know
Your goal is not only to find the best rates and programs,
by searching through a huge number of lenders products, and
save yourself thousands of dollars on mortgage payments
every year, but also, to save time and hassle by
simplifying the loan process and reducing the paperwork.
Here are some things you can keep in mind when selecting a
mortgage provider.
What Length Mortgage Is
Right For You?
You've found the home that is right for you, and now you
need to do the same thing for a mortgage. There are several
options for people out there, each one designed for a
different type of buyer.
How to Find Cheap Home
Improvement Loans
If you have home improvements that you'd like to see done
but don't have the money to do them, you might want to
consider looking for cheap home improvement loans. These are
loans that are designed with the homeowner in mind, and
allow you to make the repairs and improvements that you
want but that you otherwise couldn't afford.
Refinancing Your
Mortgage Can Open Up A Lot Of Options For You And Your
Family
It can happen to anyone, the roof is leaking, the credit
card bills are pilling up and it is almost time for a new
car. But where are you going to get the money to do all of
these things? The need for extra cash can be very
frustrating and worrisome, however if you are a home owner
you have a variety of financial options available to you
that you may not even be aware of.
Home Equity Loan Tax
Deductions
Interest - is an amount you pay for the use of borrowed
money. Several lenders are currently offering amazing deals
for 125% home equity loans.
|
used office furnishings-supplies-equipment-desks-cubicles-service-counters for
sale in Akron Ohio
Die cast model cars for sale in Akron Ohio
used cars for sale in Akron Ohio
unfurnished homes for
rent in Akron Ohio
first second
ARM compare rates find the best rates current in your area lenders read reviews calculator adjustable rate loan home lenders brokers
quotes florida houston gmac washington interest only 2nd software debt consolidation
reverse senior equity texas maryland options lending bad credit
option one ameriquest chase first banks emc residential california miami dallas est branch marketing
home company commercial yahoo online bad credit low credit no credit |
|