Posts Tagged ‘Refinancing’

While the majority of borrowers financing a home purchase will choose a traditional fixed-rate mortgage loan, adjustable rate mortgages (also known as ARMs) are also a popular choice. What is an ARM and how can you decide if it’s worth considering?   With a fixed-rate mortgage loan, you have just that: a fixed interest rate […]

     While the majority of borrowers financing a home purchase will choose a traditional fixed-rate mortgage loan, adjustable rate mortgage loans (also known as ARMs) are also a popular choice. What is an ARM and how can you decide if it’s worth considering? With a fixed-rate mortgage loan, you have just that: a fixed interest […]

  A balloon mortgage is a non-amortizing, short-term home loan available to those buying property. These types of home loans usually have lower interest rates and monthly payments. Those with average to poor credit often have a better chance at getting approved for balloon mortgages, as opposed to traditional mortgage options. However, unlike the majority […]

Refinancing a mortgage can be a great decision, yet at the same time, it may not be the best decision for you at this time. So how do you know when to refinance your mortgage? There are certain things you might want to consider first.   Before you make any final decisions about refinancing your […]