With the 40 year mortgage becoming increasingly common in states such as California, where high home prices make mortgages less affordable for the average home-buyer, the latest mortgage product has been rolled out-the 50 year mortgage. During the 1980s, mortgage interest rates in America topped 18%, prompting the introduction of the 40 year mortgage. [...]
Posts Tagged ‘Term Mortgages’
The 50 Year Mortgage-pros and Cons
Posted by admin on December 27th, 2009
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Tags: 40 Year Mortgage, 40 Year Mortgages, Affording A Home, Cons, Current Market, Fannie Mae, Few More Years, First Five Years, Home Buyer, Important Things, Initial Interest Rate, Loan Repayments, Main Stream, Mortgage Interest Rates, Mortgage Product, Mortgage Pros, Mortgage Rates, Mortgagepros, Owning A Home, Pros And Cons, Rate Period, Term Mortgages, Year 
No Comments »Florida Mortgage Broker Discusses Interest Only Refinance Options
Posted by admin on November 28th, 2009
Adjustable Rate Mortgage PopularityOver the last five years almost forty percent of all home buyers selected adjustable rate mortgages. In early 2004 signs of inflation begin to appear. These indications pressed the Federal Reserve into action. From June 2004 to June of 2006 the Federal Reserve increased the Federal Funds Rate 17 times. The impact [...]
Posted in Articles Tags: Adjustable Mortgage Rates, Adjustable Rate Mortgage, Adjustable Rate Mortgages, Affordable Mortgage, Federal Funds Rate, Federal Reserve, Florida Mortgage Broker, Interest Rate Environment, Inverted Yield Curve, Loan Type, Mortgage Option, Mortgage Products, Mortgage Programs, Negative Amortization Loan, Payment Mortgage, Popular Mortgage, Target, Term Interest, Term Mortgage, Term Mortgages No Comments »