In today’s lesson, I’ll explain how to compare fixed mortgage rates when shopping for a home loan, and why it’s so important to do it. You’ll also get some time-saving tips on comparing rates online.
But first, let’s start with the basics and address some of the terminology being used. Here are the two key concepts [...]
Home Loan Basics | admin | 
April 7, 2009 7:42 am | 
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What are mortgage points and how do they work? That’s what we are going to examine in this dose of Mortgage Wisdom. Why? Because it’s one of the most common questions we receive from first-time home buyers. So let’s take a closer look at how mortgage points work and when it’s a good idea to [...]
Home Loan Basics | admin | February 28, 2009 4:15 pm | Comments (0)
We’ve been hearing a lot about the secondary mortgage market in the news lately. This is mainly because it had a lot to do with the housing and subprime mortgage crisis that wrecked the U.S. economy.
But many consumers don’t know what the secondary mortgage market is or how it works. They think it has nothing [...]
Home Loan Basics | admin | February 23, 2009 9:10 am | Comments (0)
Mortgage insurance is an important concept for home buyers to understand, because it can affect the affordability of your home loan and the size of your monthly payments. This article explains what mortgage insurance is, how it works, and what else you need to know about it.
Private Mortgage Insurance Defined
When you hear people talk about [...]
Home Loan Basics | admin | February 17, 2009 10:58 am | Comments (1)
