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Casual Articles - Refinance Mortgage Basics – Terminology You Need to Know
One of the big incentives to buying a hybrid is the Federal Tax Credit that rewards you for your 'green efforts.' The reason why the Federal government suddenly became so generous is because of the higher prices that hybrid buyers were faced with. This meant that far fewer cars would be sold.And since the U.S. hybrid car program was started by the Federal government to begin with, they have an obliga
Fixed Rate Mortgage Loan
Home loans that ha
So the Abbey has announced that it's to open 100 new branches.See article here.This is interesting as the announcement comes only a few months after announcing that they will shed up to 2000 jobs in an eff
Adjustable Rate Mortgages
Mortgage loans with interest rates that change periodically are called Adjustable Rate Mortgages and are frequently abbreviated APR. The interest rate is tied to a certain financial index like the prime rate or treasury index. These loans typically come with an ultra low introductory or “teaser” interest rate; however, at the end of the introductory period the interest rate is reset to the contract mortgage rate.
Annual Percentage Rate (APR)
The APR is a numeric representation of all costs associated with a mortgage offer expressed as a yearly interest rate. Mortgage lenders all have different ways of calculating the Annual Percentage Rate and it usually does not accurately represent third party charges. You’re much better off requesting a Good Faith Estimate when comparison shopping instead of relying on the APR.
Fixed Rate Mortgage Loan
Home loans that hav
Research indicates that we retain only 10% of what we hear; 20% of what we see; 65% of what we hear and see; but 90% of what we hear, see, and do.Every day at work we demonstrate Hear-See-Do when we use a combination of our knowledge, wisdom and skill to perform a task or plan what we will do at a later date. This combination of intellect, insight and ability is called experience.
Adjustable Rate Mortgages
Mortgage loans with interest rates that change periodically are called Adjustable Rate Mortgages and are frequently abbreviated APR. The interest rate is tied to a certain financial index like the prime rate or treasury index. These loans typically come with an ultra low introductory or “teaser” interest rate; however, at the end of the introductory period the interest rate is reset to the contract mortgage rate.
Annual Percentage Rate (APR)
The APR is a numeric representation of all costs associated with a mortgage offer expressed as a yearly interest rate. Mortgage lenders all have different ways of calculating the Annual Percentage Rate and it usually does not accurately represent third party charges. You’re much better off requesting a Good Faith Estimate when comparison shopping instead of relying on the APR.
Fixed Rate Mortgage Loan
Home loans that ha
Imagine making $5000 a year from real estate investing without recognizing you are real estate investing!Real estate values are so dynamic. The marketplace is always fluid and changing. The only constant is the eventual escalation of value.Suppose you had owned that little piece of property in your neighborhood years ago where McDonald’s is located today. If you had owned it for 20 or 30 years,
Annual Percentage Rate (APR)
The APR is a numeric representation of all costs associated with a mortgage offer expressed as a yearly interest rate. Mortgage lenders all have different ways of calculating the Annual Percentage Rate and it usually does not accurately represent third party charges. You’re much better off requesting a Good Faith Estimate when comparison shopping instead of relying on the APR.
Fixed Rate Mortgage Loan
Home loans that ha
Many investors still don't know about Exchange Traded Funds (or ETFs) and their advantages over traditional mutual funds. In this article, we'll examine Exchange Traded Funds, their history, performance and advantages and why you should never buy a mutual fund again.ETF 101Exchange Traded Funds can most accurately be described as the happy marriage of a stock with a mutual fund.Like mutu
Annual Percentage Rate (APR)
The APR is a numeric representation of all costs associated with a mortgage offer expressed as a yearly interest rate. Mortgage lenders all have different ways of calculating the Annual Percentage Rate and it usually does not accurately represent third party charges. You’re much better off requesting a Good Faith Estimate when comparison shopping instead of relying on the APR.
Fixed Rate Mortgage Loan
Home loans that ha
A Group Decision Support System (GDSS) offers a viable and attractive alternative over the traditional, oral meeting environment and in many situations, has revolutionized the concept of meetings. Interest and research in the area of GDSS is growing due to the systems' ability to enhance group productivity, Marketing Strategies and interaction. Group Decision Support System is a system that combines communica
Fixed Rate Mortgage Loan
Home loans that have an interest rate set at closing that does not change for the duration of the mortgage’s term length are fixed rate mortgages.
Good Faith Estimate (GFE)
Mortgage lenders are required by law to provide you with a copy of this document within three days of receiving your application; however, most mortgage companies will provide you one on request. The GFE outlines all estimated costs associated with your loan and is a useful tool for comparing loan offers.
Loan to Value Ratio (LTV)
Your Loan to Value Ratio is the derived from the appraised value of your home and how much you’re borrowing. This ratio is typically expressed as a percentage and most lenders do not like LTV ratios higher than 80%. High LTV ratios can lead to Private Mortgage Insurance, which is something you want to avoid paying at all cost.
Points (Discount & Origination)
Points come in two flavors. There are discount points you pay in exchange for something like a lower interest ra
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