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Mortgage Refinancing Articles
Mortgage Interest Rate
July 19, 2007
If you are in the market to refinance your mortgage the type of interest rate you should choose depends on your situation. If you can afford a higher monthly payment and plan on keeping your home for at least seven years or if you have little tolerance for financial risk, consider a fixed interest rate [...]
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July 16, 2007
Mortgage rate locks are supposed to protect you from rising interest rates while your loan originator prepares the documents necessary to close on your loan. What happens when your mortgage rate lock breaks? Broken locks occur when you aren’t able to close before your designated lock period expires. Ones your lock breaks the wholesale lender [...]
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March 8, 2007
If you’re considering refinancing your home mortgage loan, you may have heard of the “2 percent rule of thumb.” This rule states that you should never refinance your mortgage unless the new mortgage rate is 2 percent lower than the mortgage rate you’re currently paying. The 2 percent rule is complete rubbish. The best way [...]
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February 20, 2007
Understanding how Adjustable Rate Mortgages work before you borrow will help you avoid a disastrous mistake with your home loan. When evaluating Adjustable Rate Mortgages there are four factors you need to consider. Here are the basics of Adjustable Rate Mortgages you need to understand prior to applying. There are four parts to every Adjustable [...]
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