Adjustable Rate Mortgages Are An Absolute Steal Right Now. Have You Checked The Rates Lately?Home buyers would be behind to not at least consider the 5-year ARM right now. As compared to the 30-year fixed, the 5-year ARM is an absolute steal.
Courtesy of The Mortgage Report.
Saturday, April 17, 2010
Sunday, April 11, 2010
Re - Pre-Approval / Prequalification Letter
Planning To Use The $8,000 Tax Credit? It’s Time For A Re-Pre-Approval.
If your pre-qualification and/or pre-approval letter is more than 8 weeks old, get yourself "re-pre-approved". Mortgage guidelines have been in flux and your original lender letter may now be invalid.
If your pre-qualification and/or pre-approval letter is more than 8 weeks old, get yourself "re-pre-approved". Mortgage guidelines have been in flux and your original lender letter may now be invalid.
Tuesday, April 6, 2010
LOCK RATES - NEGOTIATE A LOWER INTEREST RATE
How To Use Rate Locks To Negotiate Yourself A Lower Mortgage Rate.
Whether you're buying a home in Cincinnati or refinancing one, there's several ways to make a play for lower mortgage rates or fewer loan fees. (1) Have a higher credit score, (2) Make a larger downpayment, (3) Do your Good Faith Estimate homework. But, sometimes, the easiest way to save money on your mortgage is to pick a better closing date.
Whether you're buying a home in Cincinnati or refinancing one, there's several ways to make a play for lower mortgage rates or fewer loan fees. (1) Have a higher credit score, (2) Make a larger downpayment, (3) Do your Good Faith Estimate homework. But, sometimes, the easiest way to save money on your mortgage is to pick a better closing date.
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