There have been some dramatic events in the housing market in the past decade that have made many sensible potential home-buyers think twice about taking the plunge and buying their own homes. The worst of it was, of course, The Crash, that period around 2007-2008 when all of the optimists and gamblers suddenly found that […]
Tag Archive | "fixed rate mortgages"
There are many ways that you could structure a home loan payment but there are some that are more popular and well known than others. Overall, they fall into one of two main categories defined by the terms of the interest payment: Fixed interest rates throughout the term of the loan and adjustable rate mortgages (ARMs). […]
Locking In Your Future Payments When it comes to fixed mortgage basics, the greatest benefit for homebuyers is peace of mind. You get a little bit more of that when you do not have to worry about your payments escalating when interest rates rise. As long as interest rates remain low fixed rate mortgage financing […]
Is The Adjustable Rate Mortgage Just A Fair Weather Financial Friend? Given the option, homeowners have always tended to prefer fixed interest rates on their home loans, as opposed to adjustable rates. When you’re paying monthly it’s nice to be able to count on the rate always staying the same. It gives you a sense […]
What mortgage is best for you? It is not possible to answer that question without knowing your personal details. However, here are some of the more common types of mortgage, and each should be available to most people. Fixed Rate Mortgages A fixed rate mortgage is the most common type of mortgage loan in the […]