Figure out your estimated monthly mortgage payment by estimating your loan amount, interest rate, and time period.
Using an ARM loan to finance the purchase of your primary dwelling has become a popular move in recent years. In the past, 30-year fixed mortgages were about the only option you had. While it's nice to have a fixed rate, there are sometimes better alternatives depending on your situation. ARM loans offer several benefits over other forms of mortgages.
When you go through the process of selling or buying a home, one of the questions on your mind might be 'how much does a home appraisal cost?' The answer to that question is that it depends on several factors, but there are a few standard guidelines that can help you better estimate your cost. more
A 100% LTV home equity loan means that you have borrowed at least the full value of your home in a single loan or multiple loans. To well-qualified borrowers there can be advantages, but there also are significant risks. Loan to value is calculated by dividing the total value of all loans against your home by the current market value of your home. more
A home equity debt consolidation loan is an option if you need to manage your debt and have built up equity in your property. When you are seeking a consolidation loan, you likely have a high amount of debt and possibly a bad credit score. To ensure your loan application is accepted, you may use the equity you have built in your home as collateral. more
These mortgage loans, often referred to as ARMs, have interest rates that periodically adjust based on a variety of indices. ARMs usually allow borrowers to lower their initial payments, in exchange for assuming the risk of interest rate changes.
Select a loan type best suited to your needs.
The U.S. House of Representatives voted Thursday to extend the first-time home buyers tax credit through 2010 as well as offer a credit to more seasoned home buyers. The vote was 403-to-12 and was widely expected to pass. The current tax credit has been in effect since January as a piece of President Obama’s economic stimulus... more