Mortgage Minute: ARM

www.kw.com An Adjustable Rate Mortgage may offer a lower initial interest rate and monthly payments than a conventional fixed rate mortgage. After an initial term, the interest rate on an adjustable-rate mortgage loan is re-set periodically to keep the rate in line with current market interest rates. For example, a 3 ARM loan offers a [...]

Can I Get a Mortgage if I’m Self Employed?

Home loan professional Rob Spinosa of www.themortgagedictionary.com takes a close look at mortgages and the self employed. In this short video, he covers the definition of self-employment, the requirements for getting a home loan approval as a self-employed individual, and also the documentation that will be requested by your mortgage lender if you are self [...]

Loan Modification – Retirement vs Mortgage Payment? Get Modified – RealEstateMarketingThisweek.com

realestatemarketingthisweek.com – Using Retirement Funds to pay your Mortgage is just a bad idea. Get a Loan Modification – Part 6 – So it doesn’t matter if it is a 0000 property or a 0000 property the cost to the lender is 000 on the average nationally. So the idea of the upside down scenario, [...]