![]() |
Home Loan Confusion ContinuesUnfortunately, most Americans still do not understand how home loans work and how to take advantage of the wide array of programs available. The way I see it, people are still confused about mortgages in general and real estate finance, in particular. Just last week, a friend of mine told me he was buying a house. He was pre-approved for a loan, he said, and I was very happy for him. You see, he is young, just 25, and he is embarking on the American Dream of home ownership. So, I asked him about the type of mortgage he was getting. He said, "I don't know. I was just approved, and I haven't even signed any papers, yet." He did have the house picked out, though. Although it is all too typical of a response, I found myself still surprised that my friend didn't know anything about the loan he was being pre-approved for. As another acquaintance recently pointed out, the right loan program can make hundreds of dollars of difference in your monthly payment. This person will save $6,048 this year using an adjustable rate mortgage over that pesky fixed rate that so many people desire. For some reason, home loan confusion continues to run rampant in America. Most likely because the average American is ignorant of how mortgages work. This is not an attack on American's intelligence. It's okay to be ignorant; it is not, however, okay to remain that way, when you know you are entering a complex financial transaction. Avoid this problem. Educate yourself. Learn all you need to know about real estate finance with the wealth-building system, Winning the Mortgage Game. Mark Barnes is an investment real estate and real estate finance expert. Get his free mortgage finance course at http://www.winningthemortgagegame.com and also learn how to gain financial independence through proper real estate investment strategies. Mark is also the author of the new novel, The League, a shocking, sports-related conspiracy. Learn more about his suspense thriller at http://www.sportsnovels.com
Mortgage Refinance Rates Fall for Most Loan Types Investopedia Mortgage and refinance rates today, July 26, 2024: Rates are well below their 52-week averages Yahoo Finance Mortgage Interest Rates Today, July 26, 2024 | Rates Steady After Falling Earlier This Month Business Insider Mortgage and refinance rates today, July 24, 2024: Rates have staggered since last week Yahoo Finance Joe and Jill Biden refinanced their Delaware home 20 times — raking in $4.2M from the $350K property New York Post Average Mortgage Interest Rates: Mortgage Rates by Credit Score, Year, and Loan Type Business Insider Mortgage Recasting: What It Is And How It Works Bankrate.com How to Refinance Your Mortgage NerdWallet Current 15-Year Mortgage Rates Business Insider Current Mortgage Trends: Are Mortgage Rates Going Down? Business Insider Jumbo Loan: Definition, Rates, and How to Qualify Business Insider 15-Year Mortgage Refinance Rates: Compare Current Rates Business Insider Best Mortgage Refinance Lenders of July 2024 Business Insider How Much Does It Cost to Refinance? Average Closing Costs by State Business Insider How To Refinance An Underwater Mortgage Bankrate.com FHA Refinance Rates: See if You Could Lower Your Rate Business Insider Mortgage Interest Rates Today, July 24, 2024 | Rates Hold Steady Business Insider Current VA Refinance Rates: See if Refinancing Is Worth It Right Now Business Insider Understanding 30-Year Mortgage Rates: A Comprehensive Guide Business Insider Today's Mortgage Rates by State - July 24, 2024 Investopedia Best Refinance Lenders of July 2024: Refinance Your Mortgage The Motley Fool Mortgage refinance demand drops further, despite homeowners sitting on $17 trillion in equity - CNBC Refinance Rates Today: Compare Mortgage Refinance Offers Business Insider What current mortgage refinance rates mean for your situation CNN Underscored Current Home Equity Loan Rates: Your Guide to the Best Rates Business Insider Mortgage Points: What Are They And How Do They Work? Bankrate.com Mortgage Interest Rates Today, July 21, 2024 | Rates Are Down This Month. Will They Continue to Drop? Business Insider Assumable Mortgages 2024: How They Work, Benefits, and Insights Business Insider Refinance applications increase despite overall drop in mortgage activity Mortgage Professional Real Estate Housing Market 2024: Will Home Prices Drop? Business Insider Is it Time to Refinance Your Mortgage? That Depends on When You Closed The Wall Street Journal Mortgage refinance demand jumps to two-year high Morning Brew Should You Refinance Your Mortgage In 2024? Bankrate.com MBA: Mortgage Applications Decreased in Weekly Survey Calculated Risk Mortgage Rate History: 1970s To 2024 Bankrate.com How To Get The Best Refinance Rate Bankrate.com 30-Year Mortgage Refinance Rates Business Insider Tremont Realty Capital Announces the Closing of a $27 Million Mortgage Loan to Refinance an Industrial Property in Wayne, PA Business Wire Do I Need Money Down To Refinance My Mortgage? Bankrate.com Discover Home Loans Review: Learn About Discover Home Equity Loans and Mortgage Refinancing Business Insider The Ascent's Complete Guide to Mortgages The Motley Fool Housing Market Predictions 2024: What Homebuyers Should Know Business Insider Types of Mortgage Refinance Options Bankrate.com Cash-Out Refinancing: What It Is, How It Works Bankrate.com Cash-Out Refinance For Home Improvements Bankrate.com Should You Refinance Halfway Through Your Mortgage? Bankrate.com What Credit Score Do You Need To Refinance? Bankrate.com Mortgage Interest Rates Today, July 22, 2024 | Rates Are Dropping. How Low Could They Go? Business Insider Are Cash-Out Refinance Rates Higher? Bankrate.com Loan Modification Vs. Refinance Bankrate.com Best Student Loan Refinance Companies of 2024 Business Insider Refinance Requirements: What You Need to Refinance Your Home in 2024 The Mortgage Reports
|