Current National RatesSuze Orman gives advice on Adjustable Rate Mortgages Should you refinance? |
Federal Funds Rate Drop V.S 30 Year Fixed Rates One of the biggest misconceptions in the mortgage and Real Estate industries is the fact that the when the Federal Funds Rate is dropped that it also means there will be a corresponding rate drop in 30 year fixed rate mortgages. People wake up - It does NOT! In fact many times the exact opposite occurs. Low Rate or Best Mortgage - What Do You Want? There is a lot more to saving money on a mortgage than simply finding the best mortgage rate. A careful analysis combined with the advice of your mortgage broker will ensure that you make the right decision. Mortgages Explained There are 4 main mortgage programs available on the market today, fixed rate, adjustable rate, interest only, and option arms. In order to understand how these mortgages can affect you let's take a look at how they work. Top Eight Mortgage Tips for 2008 2007 was a difficult year for many homeowners as market conditions made it hard to keep up with mortgage payments. The mortgage market will continue to be challenging in 2008, as over $680 billion in mortgages are scheduled to reset. Whether you have a fixed rate mortgage, a variable rate, interest only or even a jumbo loan, there are things you can do to navigate the tricky world of your home financing. The Mortgage Process Explained Anyone with a mortgage can attest to the fact that sitting at a table with a lawyer, a loan orginator, and a giant stack of legal documents can be a nerve wracking ordeal. While the real estate/finance professionals seem right at home with the legal jargon and financial law, most average homeowners are not as well versed as they could be. |
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