Archives for the 'Interest Rate' Category

100 Year Mortgage

If I had this option, and closed on a house today and kept the loan until it was paid off, I would be 143 years-old. I just find this funny. Really. 
As of today there is no such program, but there is a 50 year program. So…is this a good thing? My stock answer: it depends.
Before the […]

8 May 2007 | Programs, Interest Rate | 1 Comment

Shopping For A Mortgage

In my book, I make the comparison of shopping for a mortgage like shopping for a bottle of ketchup. Actually, I say that they are not the same. It seems that many people, especially (and ironically) first time buyers, think of both experiences as commodity shopping. I am not sure if this is the nurture […]

24 April 2007 | First Time Homebuyers, Programs, Interest Rate | No Comments

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