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Fixed Rate vs. Adjustable Rate Mortgages
When you’re looking for a mortgage, you need to pay extra attention to mortgage interest rates. Finding the lowest rates out there will help make your mortgage incredibly affordable. Generally, lenders...
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Reverse Mortgage Interest Rates – What You Need to Know
Available only to home owners or buyers over 62 years of age, reverse mortgage loan that gives you the possibility of converting a part of the equity in your home into cash. In a regular mortgage, the...
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The Best 5 Year Fixed Mortgage Rates
A 5-year mortgage, also known as a 5/1 ARM, is a hybrid mortgage with a fixed interest rate for the first 5 years of the loan, and an adjustable interest rate for the rest of the repayment term. This...
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Top 10 Types of Mortgage Loans
A mortgage is a type of loan where the bank or another lender loans you a large amount of money, which you must repay with interest over a set period of time. There are several types of mortgage loans...
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Deciding Between Fixed-Rate FHA or Adjustable-Rate FHA
There are many good reasons why you should choose a mortgage loan insured by the Federal Housing Administration over a conventional loan. The FHA has been helping people buy homes since 1934 and it’s a...
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Current FHA Rates: Which is Best, Fixed or Adjustable?
Federal Housing Administration (FHA) loans may have stricter requirements and bigger mortgage insurance premiums, but at least the interest rates are still low for now. As with conventional loans, this...
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Reverse Mortgage Loan Rates: Fixed vs. Adjustable
A reverse mortgage is a type of mortgage loan which is available to seniors over 62 years old. Reverse mortgages allow the qualifying home owner to convert part of the equity in the home into cash. The...
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Are Interest-Only Mortgages a Good Idea?
An interest-only mortgage is a type of loan in which the borrower is required to only pay the interest on the principal for a predetermined amount of time. When the term of the interest-only mortgage...
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The Sooner You Know About Hybrid Mortgage Loans, the Better
The large majority of people who are purchasing a home do it by taking out a mortgage loan. Buying a home with cash is something that very few people can afford, and it’s not always a good investment...
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Paying Off Mortgage and Retiring – 5 Reasons Why One Should Come Before the...
Being free of debt is a great way of enjoying your retirement years. Most people agree that paying off your mortgage before you retire is something that will give you peace of mind and more financial...
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