Mortgage And Finance Basics |
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 Helpful introductions to mortgage and related financial topics
Provider: America's Lending Partners
Feed Type: Informational
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Most recent items from this feed:
Adjustable Rate Mortgage
An adjustable rate mortgage, commonly known as an ARM, is a mortgage that has an interest rate which can vary over the life of the mortgage. Adjustable rate mortgages present both opportunities and challenges for homeowners. If you refinance your home or consolidate your debts and mortgage correctly, you could save money substantially by taking advantage of lower interest rates. On the other hand, if you're not careful about how you refinance, you could do more harm than good in the long run.[...]
10/31/2006 12:00 AM
Cash Out Loan
If you've had credit trouble in the past you might find yourself constantly fretting about bills and creditors, and struggling to pay everyday expenses. One of the worst parts about being strapped for cash is that you are inevitably forced to waste time siphoning money back and forth into different accounts to keep your head above water. This "financial gardening" can strain your resources and prevent you from making aggressive budget decisions.[...]
10/31/2006 12:00 AM
Auto Loan
Before you go car shopping, you do your homework. Not only should you know what type of car you're looking for and what features are important to you, you should also have a plan of how you're going to pay for it. Knowing your car financing options before you set foot in the showroom can save you hundreds of dollars and give you the negotiating power you need to get a great deal.[...]
02/06/2007 12:00 AM
Arbitrage
As a result of their dynamic nature, price differences often arise between markets. Arbitrage is the practice of benefitting from these discrepencies. Within the context of a mortgage, arbitrage is also sometimes referred to as mortgage funds investment. It involves maximizing the amount of interest one pays to a lender, so that one takes full advantage of both the lower interest only monthly mortgage payments and the tax deductible nature of one's mortgage contributions. The savings achieved are then placed into an investment vehicle with a higher interest rate, to help grow it over time.[...]
02/06/2007 12:00 AM
Mortgage Planner
Mortgage Planners are mortgage experts who have taken their careers to a higher level through extensive training in home financing, real estate equity management and ethical business practices. They analyze a customers' personal situation and prepare Mortgage Plans tailored to fit their individual needs. Mortgage planners offer additional services beyond what a typical loan officer or mortgage broker can do for a borrower.[...]
02/06/2007 12:00 AM
Second Mortgage
A second mortgage is another name for a Home Equity Loan. A second mortgage is a loan backed by the equity in a borrower's home. Second mortgages, also called second liens, are an attractive option for homeowners who want to borrow additional cash for a variety of purposes - home improvements, debt consolidation, auto purchases or even family vacations.[...]
02/06/2007 12:00 AM
Amortization
Amortization refers to the distribution of a monetary lump-sum over multiple smaller monetary installments, which include both a principal payment and an interest payment. In mortgage terms, positive amortization results in the entire loan eventually being paid in full. Negative amortization results in the borrower owing more in the future than they do in the present.[...]
07/16/2007 12:00 AM
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