Homes, Loans & Real Estate » home loans

The Difference Between a 15-Year and a 30-Year Mortgage!

Heather — Thu, 01 Oct 2009 13:34:10 +0000

To be perfectly honestly – one of the most confusing things for homeowners and home buyers are the differences between 30-year and 15-year fixed mortgages. Personally, I did not know the difference besides the years until I started writing for this particular blog.

Basically, on any given day, for either one of these mortgages, pricing can go up and down and that is one of the major reasons why having a fixed rate is so great … you know what you are paying every single month.

Shopping for a mortgage is something that is not easy and it is most of the time really confusing. While you might be considering getting a 15-year fixed mortgage, have you looked into a 30-year? The difference could really be the premium that you pay every single month, so keep that in mind when you are shopping around.

Getting The Perfect Home Loan — How To Do It!

Heather — Tue, 11 Aug 2009 16:57:07 +0000

Buying a home, as you know is a very, very big step. Most people can not pay cash for their home, so they need to get a home loan. Finding a home loan is something that not a lot of people know about, especially when they are trying to find the perfect home loan. You truly need to understand exactly what a home loan entails to really know if you are getting a good deal – that is why research is the first step in finding the perfect home loan.

There are a ton of different articles out there that truly break down all of the specifics of a home loan in layman’s terms so you know exactly what you are getting and know what to look for. After flipping through some of those articles, the next step is to ensure that you find the right lender for you!

That is going to take some shopping and some comparison against other lenders. Make sure that you get a lot of different quotes, that way you can compare and constrast!

Getting A Home Loan: The Things You Should Know…

Heather — Mon, 22 Jun 2009 00:26:15 +0000

Choosing a home loan is something that is one of the most important things in your life. There are many different things that you need to consider and to be honest, this will be one of the biggest decisions of your life. That is one of the main reasons why people are so leery about simply taking a home loan on from someone they do not know – this is why recommendations from friends is a fantastic idea. If you are in the market for a home loan, talk to some of your friends and family and see who they used – that way you can get some referrals.

Another thing that you should watch out for is speaking with some lenders that you can not speak to face-to-face. Face-to-face talking is an absolute must when you are talking about hundreds of thousands of dollars. You need to trust your lender and your lender needs to be able to trust you and the only way that will work is by meeting.

Go with your gut – that is honestly the best policy whenever you are looking for a home loan, simply go with an affordable mortgage and make sure that you have a good feeling about the entire transaction.