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 [...]
Posts Tagged ‘Option’
Mortgage Loan Basics: Interest Only Loans, Pay Option Arm
Posted by admin on January 3rd, 2010
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 »The Real Cost of your Cash-back Mortgage Option
Posted by admin on December 12th, 2009
If you look at the most stressful events in a person’s life, buying a home is on the top ten list. After all, it’s a big decision – both emotionally and financially. Many home buyers go through an anxious period after they’ve arranged for their mortgage and get ready to move into their new home. [...]
Posted in Articles Tags: Amortized, Back Option, Buying A Home, Cash Back Mortgages, Cashback, Cost, Extra 3, Financial Commitments, Home Buyers, Household Appliances, Interest Payments, Interest Rate, Laundry Appliances, mortgage, Mortgage Amount, Mortgage Broker, Mortgage Brokers, Mortgage Option, Mortgage Term, Option, Personal Situation, Real, Stressful Events, Substantial Savings, Top Ten List No Comments »