November 10, 2009 Although most folks choose to escrow their real estate taxes and homeowner’s insurance monthly, I am often asked whether or not this is wise. As long as you have a minimum of 20% equity in your property, you actually have the choice of “waiving escrows” or paying the taxes and insurance on [...]
Category | Mortgage Resources
November 10, 2010 One of the worst ways to compare loans, in my opinion, is to shop the “APR” or Annual Percentage Rate. The APR is an expression of the effective interest rate that will be paid on a loan, taking into account certain one-time fees and standardizing the way the rate is expressed. While the formula [...]
November 10, 2009 Ever wonder why you can get a better deal going through a mortgage broker than you can if you go directly to a lender? After all, the mortgage broker just turns around and sells it to a major national lender anyway? So logic dictates that cutting out the “middle man” should yield you [...]
November 10, 2009 I am frequently asked about bi-weekly mortgage programs and whether or not they are a good choice. As my readers know, I always like to give the short and sweet answer first which is NO, they are not. But for those looking for an explanation I offer an in depth look at [...]
