Although ARMs (adjustable-rate mortgages) are not the best option in every situation, they are helpful in certain situations when financing a home. So in this article, we explain the basics of … [Read more...]
CMT-Indexed ARMs
While financial jargon like CMT-indexed ARMs can be a bit overwhelming at first, all that it takes is a little bit of research to understand the various concepts. So in this article, we discuss … [Read more...]
What is a Mortgage Broker?
A mortgage broker acts as an intermediary between the borrower and the lending institution. The broker's principal job is to find a bank or direct lender for the borrower's home loan, which should … [Read more...]
Pros and Cons of a Fixed-Rate Mortgage
There are several different things to consider when getting a mortgage, including whether you want a fixed-rate mortgage or adjustable rate mortgage. In the end, most people will decide that a … [Read more...]
Importance of a Home Mortgage
It’s a very exciting moment any time someone purchases a home. It’s a big undertaking, but it is a happy one too. For homebuyers, it's a dream come true. And for Realtors, it's a chance to help a … [Read more...]
6 Money-Saving Reasons To Refinance Your Mortgage
In the last several weeks we have seen a definite increase in consumers questioning whether they should refinance their mortgage. With interest rates remaining low and changes in mortgage insurance … [Read more...]
Mortgage for Investment Property that Calculates Debt-To-Income Ratio Only Using the Property’s Income and Debt
Marimark Mortgage has a new mortgage product specifically designed for investors. This loan allows investors to purchase or refinance properties, only using the property's income and debt to … [Read more...]
4 Phases of the Mortgage Approval Process
The mortgage approval process consists of four phases which are often confusing to borrowers: Pre-Qualification, Pre-Approval, Conditional Approval, and Clear to Close. #1 Mortgage … [Read more...]
What You Should Know About Condo Mortgages
If you are in the market to purchase a condominium, it is important to understand that the mortgage process for financing a condo is different than that of a single family home. Recent changes to … [Read more...]
What’s Ahead For Mortgage Rates This Week – November 17, 2014
Last week's housing related news was lean, with no scheduled reports released other than Freddie Mac's primary mortgage market survey. But perhaps most importantly, the University of Michigan / … [Read more...]
