Archives for the 'Interest Rate' Category
Attention Mortgage “Shoppers”: Interest Rate Is The Last Thing To Discuss
I know, I know. You want to know the rates for today (aka rates du jour). I can’t tell you that. And: I won’t tell you that. Not on the phone, not without meeting with you and reviewing your financial documents, and not without discussing programs and how to structure the loan (and there could be [...]
All Locked Up
Please don’t wait!
Secure your loan and interest rate. Now.
Rhonda Porter does such a fabulous job in explaing how this all happens and how to work with your loan officer correctly, that I think you should go directly to her post. An excellent, thorough post.
And notice what she writes at the end, “What ever you do, please [...]
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 [...]
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 [...]
RSS Feed
