How You Refinance Matters » interest only mortgage

Four Tips to Lower Your Mortgage Payment When Refinancing

Robert Regehr — Thu, 07 Feb 2008 21:53:11 +0000

If you’re considering refinancing your mortgage there are a number of reasons for taking out a new home loan. Some people choose to refinance because of a financial hardship, others want to borrow cash against the equity in their homes; however, the most common reason is to get a lower monthly payment. Here are several [...]

Four Tips to Lower Your Mortgage Payment When Refinancing is a post from Robert Regehr's Mortgage Refinancing Blog.

Interest Only Mortgages

Robert Regehr — Thu, 17 Jan 2008 23:09:15 +0000

If you are in the process of refinancing and are considering interest only mortgages, there are several things you should know to reduce your risk. Interest only mortgages are suitable for homeowners that need a low monthly payment for a short period of time; however, these loans are often abused by people who don’t understand [...]

Interest Only Mortgages is a post from Robert Regehr's Mortgage Refinancing Blog.

Interest Only Mortgage Loans Explained

Robert Regehr — Fri, 14 Sep 2007 19:24:08 +0000

Interest-only mortgage loans are a source of confusion for many homeowners. If you need the lowest possible payment while minimizing your risk of payment shock, an interest-only mortgage could be your answer. Here are the basics you need to understand about interest-only Adjustable Rate Mortgages (ARM) to make an informed decision and minimize your risk [...]

Interest Only Mortgage Loans Explained is a post from Robert Regehr's Mortgage Refinancing Blog.

Is Interest-Only Mortgage Refinancing Right For You?

Robert Regehr — Wed, 15 Aug 2007 18:19:15 +0000

If you are considering refinancing your mortgage with an interest-only Adjustable Rate Mortgage, there are several things you need to know in order to make an informed decision before signing on the dotted line. Adjustable Rate Mortgages come with the risk of payment shock when your lender adjusts the interest rate. Payment shock means waking [...]

Is Interest-Only Mortgage Refinancing Right For You? is a post from Robert Regehr's Mortgage Refinancing Blog.

Pitfalls of Interest Only Loans When Refinancing

Robert Regehr — Wed, 25 Jul 2007 19:55:00 +0000

If you are considering refinancing your mortgage with an Interest Only or Option Adjustable Rate Mortgage, there are a number of pitfalls you need to know about. While it’s true that interest loans and option mortgages are much riskier than traditional mortgages, when used correctly these loans could save you thousands of dollars. There are [...]

Pitfalls of Interest Only Loans When Refinancing is a post from Robert Regehr's Mortgage Refinancing Blog.

Interest Only Mortgage Refinancing

Robert Regehr — Mon, 16 Jul 2007 22:56:40 +0000

Interest only mortgage loans are as their name implies loans where the payment is based only on the interest due for a given month. This type of loan has payments that are interest only for a specified period of time, typically five to ten years. At the end of the interest only period your loan [...]

Interest Only Mortgage Refinancing is a post from Robert Regehr's Mortgage Refinancing Blog.

Mortgage Refinancing Information – Beware the Risks of Interest Only Mortgage Loans

Mortgage Refinancing Information – Beware the Risks of Interest Only Mortgage Loans

Robert Regehr — Thu, 25 Jan 2007 01:11:03 +0000

The biggest risk when refinancing your mortgage with an interest only mortgage is that you never pay down the principle balance on your loan. Many homeowners fall for the trap of interest-only mortgages because they are easier to qualify; however, if you don’t get in the habit of paying additional loan principle each month, you’ll [...]

Mortgage Refinancing Information – Beware the Risks of Interest Only Mortgage Loans is a post from Robert Regehr's Mortgage Refinancing Blog.