Insider Mortgage Advice For California Homeowners





Mortgage Refinancing Articles

Mortgage Glossary

Mortgage Principal, Interest, Taxes and Insurance Definition

November 8, 2008

Your mortgage payment that includes loan Principal, mortgage Interest, property Taxes, and homeowner Insurance is commonly referred to as PITI. Payments of this type are often paid through an escrow company. Your mortgage lender will receive the loan principle an interest to pay down your mortgage loan. The escrow company will then pay your homeowners [...]

Read the full article →

Mortgage Rate Locking Definition

November 5, 2008

Locking in your mortgage rate is when the lender backing your mortgage secures the money for your loan at a specific interest rate, term length, and dollar amount. A typical rate lock period is for thirty days but it is possible to lock your interest rate for more or even less time. Keep in mind [...]

Read the full article →

Balloon Mortgage Risks

October 1, 2008

Balloon mortgages are home loans that have a payment schedule based on long term repayment but have the entire balance due after a shorter period of time. As an example a seven year balloon mortgage would have payments based on a 30 year term length but the entire remaining balance will be due after seven [...]

Read the full article →

Mortgage Amortization Definition

September 27, 2008

Your home loan’s amortization schedule is the breakdown of repayment necessary to pay off your mortgage loan. There are two parts to your mortgage payment: loan principle that pays down your balance and loan interest. Your amortization schedule shows you how much of your payment is applied to the loan principle and how much is [...]

Read the full article →

Refinancing Mortgage Rates Defined

September 18, 2008

If you are refinancing your home loan, the mortgage rate you receive is one of the most important aspect of your loan. One of the most important aspects of your refinancing mortgage rates is whether or not the person arranging your loan is generating a commission for them self by marking up your mortgage rate. [...]

Read the full article →
Page 3 of 512345

© 2005 - 2010 All Rights Reserved • Mortgage Refinancing