Posts tagged: Home Loan

The New 50 Year Mortgage

Just a few short years ago, many people were amazed by the prospect of a 40 year mortgage. While 30 year mortgages had dominated the market for decades, the idea of being able to spread out your mortgage payments over forty years was just almost too much to comprehend. Now, there is the new 50 [...]

Monday August 23rd, 2010 in , , , , , , , , , , , , , , , , , | No Comments »

Save Thousands by Prepaying your Mortgage

If youre determined to cancel your home loan as soon as possible this is not a bad idea, you can put extra money towards the loan but there are some things you need to be aware of.
Depending on the amount of money you destine every month towards your home loan you could reduce the length [...]

Monday April 26th, 2010 in , , , , , , , , , , , , , , , , , | No Comments »

PMI – Private Mortgage Insurance

Many a first-time homebuyer has grumbled about paying private mortgage insurance. This article discusses the particulars of private mortgage insurance, also known as “PMI.”
Private Mortgage Insurance
Unless they owners are insane, every business in the United States carries some form of insurance to protect against losses. The various lending institutions that issue home loans, equity lines [...]

Monday March 22nd, 2010 in , , , , , , , , , , , , , , , , , , , , | No Comments »

Mortgages Points and Interest Rates Go Hand in Hand

Mortgages Points and Interest Rates Go Hand in Hand
When it comes to mortgages, many people tend to look at points and interest rates as to separate issues. In fact, they can almost always be used as leverage against each other.
Points and Interest Rates
Two critical components of a home loan are the interest rate [...]

Monday February 8th, 2010 in , , , , , , , , , , , , , , , , , , , , | No Comments »