By Tim Grimsley
I heard someone discussing online home mortgages the other day. Talking about various companies and rates and who would be around for the long haul. Well, I can’t say which companies will eventually dominate the internet. Perhaps, no one company can dominate a market and medium as large as the internet. There is […]

By Stephen Nelson
If you have Microsoft Excel running on your computer at home or work, you can use Excel’s NPER function to calculate how quickly you can pay off a loan such as a mortgage.
The NPER function calculates the term, or number of regular payments, on a loan given its interest rate, the payments, present […]

By Terri Wood
You’ve probably heard the radio ad that blares out the speaker where the guy yells at you that,”the rates are low now BUT YOU HAD BETTER HURRY!!!”, or you’ve seen the slick TV commercial that promises the lowest rate, or the newspaper ad that claims no closing fees. Where should you turn? […]

By Dennis Estrada
Any extra or additional payments on mortgage pay off mortgage early. There are three avenues to pay off mortgage early without paying a penalty. The borrower can use bi-weekly mortgage payment, lump sum mortgage payment, or additional mortgage payment.
The terms and conditions of your mortgage tell how much you can pay extra or […]

By Tim Grimsley
The short answer is No, but they are starting to vanish before our very eyes. If you are to take advantage of low mortgage rates your time is running out. The Federal Reserve is continuing it’s policy of raising rates. This will in turn cause the banks and lenders to raise mortgage rates. […]

By Maya Pavlovski
There is panic in the media following the release of the most recent inflation figures. It is almost a certainty that interest rates will be increased later this week and probably at least once again before the end of 2006. Many home owners are still coming to grips with the most recent […]

By Rick Johnston
Have you ever seen the get rich quick “guru” on television late at night talking about buying homes with no down payment? Ever wonder if it really can be done? For the first time buyer or anyone wanting to purchase a home to live in with decent credit it’s an easy thing to […]

By Rick Johnston
Why buy the whole mortgage if you’re only using half of it? You’ll find plenty of very conservative people talk about the dangers of an Adjustable Rate Mortgage (ARM) and sometimes they are right. Although for the most part, today’s ARM loans offer very favorable rates and terms.
An Adjustable Rate Mortgage is a […]

By Mary Ny
In the face of rising interest rates, many lenders are now offering 100 percent home loans at near-market rates to conventional borrowers. These no-down-payment loans are generally targeted toward people with good credit (typically, FICO scores of 720 and higher) but not a lot of cash. This is in part because the two […]

By Mary Ny
Negative amortization loans, also known as deferred interest loans, payment option ARMs (adjustable rate mortgages), neg am loans and other titles, are loans with interest rates based on MTA, COFI and other indices that have payment adjustment caps in addition to interest rate adjustment caps.
With interest rates rapidly rising, these have been an […]