|
Personal
Mortgage Loan News for May 5/05 11:04 am...
Mortgage
Revenue Bonds and Mortgage Credit Certificates: Mortgages funded
with these instruments typically require a minimum of 5 percent
down and have interest rates that are 1.5 to 2 percentage points
below conventional 30-year fixed rates. These types of loans,
offered by state and local housing agencies, are available only to
first-time homebuyers. There generally are income and purchase
price caps that vary, depending on where you plan to buy.
Private Mortgage Insurance: Most major lenders offer privately
insured mortgages, which generally require a 10 percent down
payment (although some lenders offer loans with a 5 percent down
payment to buyers with exceptional credit). These loans typically
are not limited by maximum loan amount or purchase price
limitation....For the lowest cost personal loan, click
here.
Personal
Mortgage Loan News for May 9/05 11:42 am...
Reasons
to buy a house
1.
Save on your income tax. Yes, something good can come out of
income tax. Due to income tax deductions, the government
subsidizes your home purchase. Therefore all of the interest and
property tax you pay throughout the year can be deducted from your
gross income tax. A nice perk.
2. A Hidden Savings Account. If you are anything like me, you
can't save money to save your life. Seriously, my fiancée covers
all of that, thank God. With being a home owner you actually save
money two ways :
Each month a portion of your payment goes towards the principal,
so not much at first but after 20 or so years, well you do the
math. It will add up.
Homes (if properly kept) appreciate in value. Again not much at
first but the average appreciation value is roughly 5 - 6 percent.
This by the way is per year. It is said owning a home is one of
the very best financial decisions to make.....For the lowest cost personal loan, click
here.
Personal
Mortgage Loan News for May 11/05 12:27 pm...
Tips
on a Montana home loan
Purchasing
a Montana home can be a complicated and confusing process,
especially for first-time buyers. Throughout the process,
first-time home buyers will encounter a variety of unfamiliar real
state terms. There are several key terms associates with
purchasing real estate that are helpful to learn.
For example, many buyers confuse the terms broker and salesperson.
A broker is a properly licensed individual, or corporation, who
serves as a special agent in the purchase and sale of real estate,
a salesperson is an individual employed or associated by written
agreement by the broker as an independent contractor. The
salesperson facilitates the purchase or sale of real estate....For the lowest cost personal loan, click
here.
Personal
Mortgage Loan News for May 12/05 1:22 pm...
Tips
on a Wyoming home loan
In
general, there are two types of conventional Wyoming loans that a
buyer can obtain. A fixed rate loan has the same rate of interest
for the life of the loan, usually 14 to 30 years. An adjustable
rate loan or adjustable rate mortgage (ARM) provides a discounted
initial rate, which changes after a set period of time. The rate
can’t exceed the interest rate cap or ceiling allowed on such
loans for any one adjustment period. Some ARMs have a lifetime cap
on interest. The buyer makes the loan and interest payments to the
lender through amortization, the systematic payment and retirement
of debt over a set period of time....For the lowest cost personal loan, click
here.
|
