There are only two things people should keep in mind before taking on an interest-only mortgage. The name interest-only mortgage is misleading. If truth be told, there is no such thing as an interest-only mortgage. In an interest-only mortgage, you will still have to pay for the loan principal. When you get an interest-only mortgage, [...]
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Understanding Interest Only Mortgages
Posted by admin on January 4th, 2010
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Tags: Brief History, Incomes, Interest, Interest Only Mortgage, Interest Only Mortgage Loan, Interest Only Mortgages, Jumbo Loans, Jumbo Mortgage, Loan Interest, Loan Principal, Loan Type, Mortgage Markets, Mortgage Types, Mortgages, Mortgages Loans, Only, Principal Portion, Productive Investments, Savvy Investor, Savvy Investors, Standard Mortgage, Time Investors, Traditional Mortgage, Understanding 
No Comments »Mortgage Loan Basics: Interest Only Loans, Pay Option Arm
Posted by admin on January 3rd, 2010
To understand loans and mortgages we need to understand loan limits first. If your loan amount exceeds the amount below, you will qualify for a Jumbo Loan, which carries higher interest rate. One-Family (single family homes) $417,000 Two-Family(duplex) $533,850 Three-Family (triplex) $645,300 Four-Family(fourplex) $801,950 FIXED Loans: 30 Year Fixed Mortgage Rates [...]
Posted in Articles Tags: 15 Year Fixed Mortgage Rates, 20 Year Fixed Mortgage Rates, 30 Year Fixed Mortgage Rates, Adjustable Loan, Adjustable Rate Mortgage, Arm Adjustable Rate Mortgage, Arm Loan, Arm Loans, Basics, Family Duplex, Fixed Mortgage Rates, Index Rate, Interest, Interest Only Loans, Jumbo Loan, loan, Loan Basics, Loan Limits, Loan Program, Loan Term, loans, mortgage, Mortgage Loan, Only, Option, Rate Interest, Year Fixed Mortgage No Comments »