One of the most important parts of your mortgage is the mortgage rate – the rate of interest that you’ll pay on the money you borrow to buy your house. Often, ads for mortgage lenders make it sound as if they offer a single mortgage rate to all lenders. If that were the truth, it [...]
Posts Tagged ‘First Time Home’
How a Mortgage Rate is Calculated
Posted by admin on December 26th, 2009
Posted in Articles 
Tags: Calculated, Commercial Banks, Credit Score, Creditworthy Customers, First Time Home, First Time Home Buyer, First Time Home Buyer Loans, First Time Home Buyers, Lowest Interest Rate, Many Different Things, mortgage, Mortgage Lenders, Mortgage Rate, Mortgage Rates, Prime Lending Rate, Rate, Rate Mortgage, Rate Of Interest, Right Mortgage, Several Points, Time Borrower, Time Home Buyer, Time Home Buyers 
No Comments »Mortgages Made Easy For First-Time Home Buyers
Posted by admin on December 20th, 2009
Understanding what mortgages are and how they work can be mystifying for first-time homebuyers faced with the need to get financing to purchase their first home. Technically, the type of mortgage that home buyers use to get a loan to purchase a home is a contractual instrument that gives the lender, known as the “mortgagee”, [...]
Posted in Articles Tags: amortization, Amortization Period, Amount Of Time, Back To The Beginning, Buyers, Common Law, easy......, First Time Home, First Time Home Buyers, FirstTime, home, Interest Rate, Legal Terms, Made, Mortgage Agreement, Mortgage Buyers, Mortgagee, Mortgages, Mortgagor, Origins, Periods, Pledge, Purchasing A Home, Time Home Buyers, Trespass No Comments »Three Common Misconceptions of Mortgage Brokers
Posted by admin on November 14th, 2009
Some first time home buyers opt to obtain a loan directly through their local bank branch rather than employing a mortgage broker. The reason why this may occur is because there a few misconceptions associated with the mortgage broker profession. In reality, mortgage brokers and their respective brokerages have come along way from the days [...]
Posted in Articles Tags: Brokerages, Common Misconceptions, Finger On The Pulse, First Time Home, First Time Home Buyers, High Priority, lenders, Loan Process, Local Bank, Mortgage Broker Fees, Mortgage Brokers, Mortgage Interest Rate, Mortgage Lender, Mortgage Rate, Mortgagor, New Ways, Profession, Profit Purposes, Prospective Clients, Time Home Buyers No Comments »Mortgage Broker : Translator, Negotiator, and Ally
Posted by admin on September 20th, 2009
Purchasing a home can be a confusing time for first time home buyers. In the game of the purchasing and selling of Real Estate there are 5 main players. The buyer, seller, their respective real estate agents, lender, and most importantly, the mortgage broker. A mortgage broker is more than just the individual who sets [...]
Posted in Articles Tags: Best Interest, Confusing Time, Credit Score, First Time Home, First Time Home Buyer, First Time Home Buyers, Layman, Loan Mortgage, Loan Terms, Local Bank, Marketable Title, Mortgage Broker, Mortgage Brokers, Mortgage Loan, Negotiator, Prospective Lender, Purch, Real Estate Agents, Time Home Buyer, Time Home Buyers No Comments »