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Home Loans for New Hampshire
Here are some terms commonly used in the mortgage industry: ARM, or Adjustable Rate Mortgage: This is a mortgage loan that has a fixed rate for a specific period of time, say 1, 3, or 5 years, after which the rate becomes dependent on some index, such as a treasury bill rate. Buy Down: A […]
In a nutshell, Fannie Mae and Freddie Mac are intermediaries. They buy loans from lenders and then turn around and sell them to investors. Most mortgages, regardless of the type, are originated with the expectation that they will be sold after they close. Loans that are kept in-house are called portfolio loans. These loans are […]
Do you hate paying your mortgage? Maybe not but let’s face it: given the choice, you’d rather not pay one. If you could find an easy way to get rid of your mortgage and your other debt, you’d do it. Right? That is why “Mortgage Elimination” and “Debt Elimination” scams work: because the scammers are telling you something […]