Mortgage rates are still at record lows, but when it comes to the best time to apply for a mortgage, there is a whole lot more to “timing” than just market conditions. Timing actually plays a critical role in the second most important factor in your mortgage experience: service.
This is an adjustable rate mortgage on which you make both interest and principal payments; the initial rate you pay is fixed for 5 years. After 5 years a new rate equal to the level of the LIBOR1Y index plus 2.25% and a new monthly payment are calculated. After the first reset, a new rate
The payments on this loan are fixed for the entire 30-year life of the loan. At the end of 30 years, the loan is fully paid off. A 30 year fixed mortgage has become the definition of a traditional mortgage. Advantages of 30 Year Mortgage Rates Typically has a lower payment than a shorter term
The payments on this loan are fixed for the entire 15-year life of the loan. At the end of 15 years, the loan is fully paid off. Offers certainty in payments and interest rate over the entire life of the product. A 15-year term will typically result in higher payments than for a comparable 30-year
On Black Friday (and through the holiday shopping season), many consumers succumb to the temptation of “same day” discounts and open new retail store credit cards at the cash register. Question is, should you close those cards?
This interactive infographic shows the number and percentage of “underwater” properties (a common term for those with mortgage loans that are larger than what the property is currently worth) in each state.
Before you start cutting from your budget things you truly enjoy, look for ways you’ve been wasting your money that can be easily plugged. Trimming the gristle can allow you keep the fat in your budget.
Unlike traditional loans where a borrower applies for money at a bank or financial institution, peer-to-peer personal loans connect creditworthy borrowers directly with investors. Just like an unsecured bank loan, borrowers have to be upfront with what the borrowed money will be used for. Using the same analytics that banks use, Credit Sesame can help you find