Tag Archives: Benefit

What is the Benefit for a seller of home to want the closing rolled into the mortage?

Question by tomwilla: What is the Benefit for a seller of home to want the closing rolled into the mortage?We are buying a house the seller wants the closing was rolled in to our mortage, I understand how this could … Continue reading

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Financial Planning Tips : Bi-Weekly Mortgage vs. Mortage Checking Accounts

eHow asked: The benefit of using bi-weekly instead of checking accounts is that a mortgage can be paid off quicker. Find out more about bi-weekly and checking accounts withexpert tips from a registered financial consultant in this free video on … Continue reading

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Refinance Mortgage – Does It Make Sense To Refinance My Mortgage?

Edward Lathrop asked: Now that interest rates are very low, is it a good time for everyone to refinance their mortgages? Actually, it is a great time to refinance if you have a higher interest rate than those available now. … Continue reading

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What Does a Mortgage Correspondent Do?

Naomi Smith asked: If you are not familiar with the term mortgage correspondent then you are probably much more familiar with the term mortgage broker. Well, they are really just different names for the same person.Now, let’s take a look … Continue reading

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Cap and Collar Rate Mortgage

Michael Sterios asked: A capped rate mortgage has an interest rate that cannot rise above a pre-determined level for a specified period of time. After the capped rate period expires, the interest rate of the mortgage reverts to the lender’s … Continue reading

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