Types of Loan Programs: Conforming, Jumbo Loans, FRM, ARM, Balloon Mortgage, what is an arm

what is an arm mortgage

What is an arm mortgage

What is an arm mortgage

What is an arm mortgage

What is an arm mortgage

Types of Mortgage Loans

Conventional and Government Loans

Any mortgage loan other than an FHA, VA or an RHS loan is conventional one.

The Federal Housing Administration (FHA), which is part of the U.S. Dept. of Housing and Urban Development (HUD), administers various mortgage loan programs. FHA loans have lower down payment requirements and are easier to qualify than conventional loans. FHA loans cannot exceed the statutory limit. Go to FHA Programs page to get more information.

If you are looking for an FHA home loan right now, please feel free to request personalized rate quotes from HUD-approved mortgage lenders via our website.

VA loans are guaranteed by U.S. Dept. of Veterans Affairs. The guaranty allows veterans and service persons to obtain home loans with favorable loan terms, usually without a down payment. In addition, it is easier to qualify for a VA loan than a conventional loan. Lenders generally limit the maximum VA loan to $203,000. The U.S. Department of Veterans Affairs does not make loans, it guarantees loans made by lenders. VA determines your eligibility and, if you are qualified, VA will issue you a certificate of eligibility to be used in applying for a VA loan.

VA-guaranteed loans are obtained by making application to private lending institutions. If you are interesting in obtaining a VA-guaranteed loan you can try our VA loan request form.

Please see also pamphlets published by VA.

RHS Loan Programs

The Rural Housing Service (RHS) of the U.S. Dept. of Agriculture guarantees loans for rural residents with minimal closing costs and no downpayment. Visit our page RHS programs for details.

Ginnie Mae which is part of HUD guarantees securities backed by pools of mortgage loans insured by these three federal agencies – FHA, or VA, or RHS. Securities are sold through financial institutions that trade government securities.

State and Local Housing Programs

Many states, counties and cities provide low to moderate housing finance programs, down payment assistance programs, or programs tailored specifically for a first time buyer. These programs are typically more lenient on the qualification guidelines and often designed with lower upfront fees. Also, there are often loan assistance programs offered at the local or state level such as MCC (Mortgage Credit Certificate) which allows you a tax credit for part of your interest payment. Most of these programs are fixed rate mortgages and have interest rates lower than the current market.

Conventional loans may be conforming and non-conforming. Conforming loans have terms and conditions that follow the guidelines set forth by Fannie Mae and Freddie Mac. These two stockholder-owned corporations purchase mortgage loans complying with the guidelines from mortgage lending institutions, packages the mortgages into securities and sell the securities to investors. By doing so, Fannie Mae and Freddie Mac, like Ginnie Mae, provide a continuous flow of affordable funds for home financing that results in the availability of mortgage credit for Americans.

Fannie Mae and Freddie Mac guidelines establish the maximum loan amount, borrower credit and income requirements, down payment, and suitable properties. Fannie Mae and Freddie Mac announces new loan limits every year.

The national conforming loan limit for mortgages that finance single-family one-unit properties increased from $33,000 in the early 1970s to $417,000 for 2006-2008, with limits 50 percent higher for four statutorily-designated high cost areas: Alaska, Hawaii, Guam, and the U.S. Virgin Islands. Since early 2008, a series of legislative acts have temporarily increased the one-unit limit to up to $729,750 in certain high-cost areas in the contiguous United States. Permanent limits, which apply to the Enterprises’ acquisitions of certain mortgages originated prior to July 1, 2007, are set under the terms of the Housing and Economic Recovery Act of 2008 (HERA).

For every county and county-equivalent in the country, maximum loan limits for mortgages can be found at: http://www.fhfa.gov/Default.aspx?Page=185

The 2013 conforming loan limits for first mortgages remain at the limits set in 2006, 2007, 2008, 2010 and 2011:

30-Year Fixed vs, what is arm mortgage.#What #is #arm #mortgage

30-Year Fixed vs. 5/1 ARM

What is arm mortgage

Here we go again…it’s that special time where I compare two popular loan programs to see how they stack up against each other. Today’s match-up: “30-year fixed vs. 5/1 ARM.”

Everyone has heard of the 30-year fixed-rate mortgage – it’s far and away the most popular type of loan out there. Why? Because it s the easiest to understand, and presents no risk of adjusting during the entire loan term.

But what about the 5/1 ARM? Do you even know what a 5/1 ARM is? What the heck is that slash doing there!? It looks confusing.

What is arm mortgage

Put simply, the 5/1 ARM is an adjustable-rate mortgage with a 30-year term that’s fixed for the first five years and adjustable for the remaining 25 years. That means it s a hybrid ARM. Partially fixed, and partially adjustable.

After the first five years are up, the interest rate can adjust once annually, both up or down. That s the 5/1 broken down for you. Disregard that pesky slash.

It’s a pretty popular ARM product, if not the most popular. And just about all mortgage lenders offer it, including ING, via its Easy Orange Mortgage.

5/1 ARM Rates Are Lower. That s the Draw

What is arm mortgage

Well, the biggest advantage to the 5/1 ARM is the fact that you get a lower mortgage rate than you would if you opted for a traditional 30-year fixed.

As you can see from the chart I created above, the 5/1 ARM is always cheaper than the 30-year fixed. That s the trade-off for that lack of mortgage rate stability.

But how much lower are 5/1 ARM rates? Currently, the spread is 0.63%, with the 30-year averaging 3.78 percent and the 5/1 ARM coming in at 3.15 percent, per Freddie Mac data.

Since Freddie began tracking the five-year ARM back in 2005, the spread has been as small as 0.27% and as large as 1.30% in 2011.

If the spread were only 0.25%, it d be hard to rationalize going with the uncertainty of the ARM. Conversely, if the spread were a full percentage point or higher, it d be pretty tempting to choose the ARM and save money for at least 60 months.

Let s look at an example of the potential savings:

Loan amount: $350,000

30-year fixed monthly payment: $1,626.87

5/1 ARM monthly payment: $1,504.08

So you’d be looking at a difference in monthly mortgage payment of roughly $122, or $1,464 annually ($7,320 over 5 years), using our example from above. Not bad, right?

You d also pay down your mortgage faster because more of each payment would go toward principal as opposed to interest. So you actually benefit twice. You pay less and your mortgage balance is smaller after five years.

After five years, the outstanding balance would be $315,427.87 versus $312,017.26 on the five-year ARM. That s roughly another $3,400 in savings for a total benefit of nearly $11,000.

Discussion over, the ARM wins! Right? Well, there’s just one little problem

It might not always be this good. In fact, you might only save money for the first five years of your 30-year loan.

After those initial five years are up, you could face an interest rate hike, meaning your 5/1 ARM could go from 3.25 percent to 4.50 percent or higher, depending on the associated margin and mortgage index.

ARMs Are Cheap But Will Likely Head Higher

Currently, mortgage indexes are super low, but they’re expected to rise in coming years as the economy gets back on track, which it will eventually.

And you should always prepare for a higher interest rate adjustment if you’ve got an ARM. In fact, lenders typically qualify you at a higher rate to ensure you can make more expensive payments in the future should your ARM adjust higher.

So that’s the big risk with the 5/1 ARM. If you don’t plan to sell or refinance before those first five years are up, the 30-year fixed may be the better choice.

Although, if you sell or refinance within say seven or eight years, the 5/1 ARM could still make sense given the savings realized during the first five years. And most people either sell or refinance within 10 years.

Just be sure you can actually handle a larger monthly mortgage payment should your rate adjust higher. And realize that refinancing won t always be an option you may not qualify, or rates may be too expensive to justify a refi. It s never a guarantee.

If you actually plan to pay off your mortgage, an ARM could be a bad idea unless you seriously luck out with rate adjustments. Or you serially refinance and pay extra to shorten the amortization period. Otherwise, there s a good chance you ll pay a lot more than you would have had you gone with the 30-year fixed.

Why? Because each time you refinance to another ARM, you re getting a brand new 30-year term. That means more interest is paid over a longer period of time, even if the rate is lower.

However, if you’re a savvy investor and have a healthy risk-appetite, the 5/1 ARM could mean some serious savings, especially if the extra money is invested somewhere else with a better return for your money.

Five years not enough for you? Check out the 30-year fixed vs. the 7-year ARM, which provides another two years of interest rate stability. The rate may not be as low, but you ll get a little more time before that first rate adjustment.

Current Mortgage Rates Today – View The Best Mortgage Rates, what is the mortgage rate

Current Mortgage Rates Today

Current Mortgage Rates – Mortgage Rates Today

What is the mortgage rate today

Mortgage 101: A Mortgage Resource Guide

This guide will help first-time home buyers and seasoned veterans get the information they need to make the correct financial decision regarding their mortgage. Our goal is to provide information and resources for everything you need to know about the mortgage process. Whether you are shopping for your first home or you are already established in a existing home, this page can be your guide. Take the necessary steps to make purchasing your first home or maintaining your existing home a seamless [Read More. ]

Latest Mortgage Information

What is the mortgage rate today

Top 10 Loan Modification Lenders

Many Americans have been affected by the recent economic crisis. Millions of homes have gone into foreclosure, and millions of families have lost their homes. If you are at risk for losing your home, the good [Read More. ]

Mortgage Tips Tricks

What is the mortgage rate today

The Top 10 Tips to Help Homebuyers Thrive in Today s Current Home Market

What is the mortgage rate today

Invest Smarter by Understanding the Top 6 Most Common Mortgage Myths

What is the mortgage rate today

Top 5 Mortgage Scams to Watch Out For This Year

What is the mortgage rate today

5 Important Reasons Why You Should Pay Off Your Mortgage Sooner Than Later

Tip of the Day

The Mortgage Library

What is the mortgage rate today

How to Tell if Current Mortgage Interest Rates Will Continue to Rise

Up until not long ago mortgage rates used to be very low, close to the lowest they have ever been. Rates have decreased to near record lows due to the recent housing market crash, which affected both homeowners and mortgage lenders. While millions of people have lost their [Read More. ]

What is the mortgage rate today

Could a 10 Year Mortgage Rate Be Your Best Mortgage Option?

One of the key aspects of finding a good mortgage loan is determining what type of mortgage term works out best for you. Long-term mortgage loans seem more attractive at first glance because the monthly payment is much smaller, but if you factor in the larger interest rate, [Read More. ]

What is the mortgage rate today

How the Current Government Shutdown is Affecting FHA Mortgages

The housing market has been recovering steadily lately, but the current government shutdown may interfere with that progress. For the first time in 17 years, the government has partially shut down. Besides other important implications, this shutdown could affect people who [Read More. ]

What is the mortgage rate today

Bad Credit Home Loans Are They Possible With Today s Stiffer Regulations?

There are many reasons for having a bad credit score, and you might be wondering if you are still able to buy a home, despite your shortcomings. The truth is that there are no rules set in stone when it comes to bad credit home loans. Some lenders may be more lenient than [Read More. ]

What is the mortgage rate today

What is this Difference Between a Home Equity Line of Credit vs Home Equity Loan

When buying a home with a mortgage loan, both you and your lender own parts of the home. The part of the home that you own is represented by the equity which builds up each time you make a payment. Having equity in your home allows you to take out a house equity loan by [Read More. ]

What is the mortgage rate today

What Are the Typical Home Equity Loan Requirements

Home equity loans are designed to help homeowners gain quick access to some much needed cash by tapping into the equity in their homes. Home equity loans provide an alternative to taking out other types of loans or opening new credit card accounts. While other forms of [Read More. ]

What is the mortgage rate today

Pros and Cons of Home Equity Loans

Home equity loans allow homeowners to take out a loan using the equity accumulated in their home as collateral. Home equity loans give you quick access to money that can be used for a home remodeling project, medical bills or college tuition. A home equity loan can be more [Read More. ]

What is the mortgage rate today

Is it Possible to get a Home Equity Loan With Bad Credit?

Getting a home equity loan with poor credit is more difficult, but not impossible. Before you decide to make improvements to your home or decide that you need some quick cash, you need to find out if a lender is willing to give you a home improvement loan and how your loan [Read More. ]

Best Mortgage Interest Rates – Find Today – s Lowest Variable – Fixed Rates, what

Best Mortgage Rates in Canada

We shop the most competitive brokers, lenders and banks in Canada to bring you today’s lowest interest rates, free of charge! Our Canadian comparison charts list current rates and are updated regularly throughout the day. To compare a certain category, click “Compare all rates” for more details.

If you need any help comparison shopping, read our most frequently asked questions below:

Why should I compare mortgage rates?

Not all mortgage rates are created equal. Mortgages can have vary with the terms and conditions, in addition to the interest rate. Each mortgage caters to an individual’s particular needs. If you want to find the best mortgage for you, you need to compare all of your options.

Should I get an open or closed mortgage?

‘Closed’ mortgages have lower rates when compared to their ‘open’ counter parts, and are more popular. Closed mortgages can come in fixed and variable form, but place a restriction on the amount of principal you can pay down each year. If you pay off the entire principal in a closed mortgage before the set term, you will face a penalty, such as a 3-month interest charge.

‘Open’ mortgages on the other hand, allow you to pay off your entire mortgage balance at any time throughout the term. The drawback is that you pay a premium for that option. People opt for open mortgages if they are planning to move in the short future, or if they are expecting a lump sum of money through an inheritance or bonus, that would allow them to pay off their entire mortgage.

What is the difference between a variable vs. fixed mortgage rate?

Fixed mortgage rates are more popular and represent 66% of all mortgages in Canada. With a fixed mortgage you can “set it and forget it” as you are protected against interest rate fluctuations, so your payment stays constant over the duration of your term.

Variable mortgage rates are typically lower than fixed rates, but can vary over the duration of the term. Variable mortgages are prone to market behaviour (via the prime rate) which affects your payments. That means your payment amounts can change over time. A fixed mortgage offers stability as your mortgage rate and payment will remain the same each month, but that security is the reason why fixed interest rates are greater.

How often are Ratehub.ca mortgage rates updated?

The mortgage rates you see were updated today. Our mortgage rates are sourced through two methods: Mortgage brokers can log into our platform and update their rates instantaneously; and we source rates from Canadian bank websites to ensure the rates are current.

What are prepayment options?

Prepayment options outline the flexibility you have to increase your monthly mortgage payments or pay down your mortgage principal as a whole. The monthly prepayment option is a percentage increase allowance on your original monthly mortgage payment. For example, if your monthly mortgage payment is $1,000 and your prepayment allowance is 25%, then you can increase your monthly payments up to $1,250. The lump sum prepayment option on the other hand, applies to the original mortgage amount. So, if your lump sum prepayment allowance is 25% on a $100,000 mortgage amount, then you can pay $25,000 off the principal every year.

What is the mortgage ratehold?

The rate hold clause refers to how long before your mortgage renewal date you can lock in the prevailing mortgage rate, should that interest rate be a favourable one. The renewal date is the date on which the term of mortgage expires, not to be confused with the amortization period. So, for example, if you have a 5-year term on your mortgage, and a 90-day rate hold, then within 90 days before the expiration of the term, you have the option to lock in the current mortgage rate.

Today – s Mortgage Rates, The Truth About, what are the mortgage rates today.#What #are

Compare Today s Mortgage Rates

What are the mortgage rates today

Flagstar Bank is the latest mortgage lender to offer a .

What are the mortgage rates today

Capital One to Stop Offering .

It’s feeling a little like 2007 today. Back then, I .

What are the mortgage rates today

OfferPad Home Loans: iBuyer Links .

A so-called direct home buyer by the name of OfferPad .

Hot Mortgage Tips

What are the mortgage rates today

21 Mortgage Questions That Are .

1. What will my mortgage rate be? Let’s start with .

What are the mortgage rates today

FHA 203k Loan Program: The .

In a nutshell, the FHA 203k loan program allows prospective .

What are the mortgage rates today

Mortgage Originations by Product Type: .

Ever wonder what share of borrowers are taking out a .

Mortgage Match-Ups

What are the mortgage rates today

Primary Residence vs. Second Home .

Sometimes I’m surprised I miss the most basic of mortgage .

What are the mortgage rates today

Mortgage Rates and Fed Announcements

File this one under “no need to panic,” despite constant .

What are the mortgage rates today

Mortgage Rates vs. Presidential Inaugurations: .

Let’s get political – just kidding. Let’s talk about data .

Powered by the lovely WordPress platform. | Terms of Service

The Mortgage Lender Implode-O-Meter – tracking the housing finance breakdown, related to Alt-A and subprime

Housing Economic Crisis News Picks

  • Square Cash is letting some users buy and sell Bitcoin – [2017-11-15]
  • Household debt rises by $116 billion as credit-card delinquencies pile up – [2017-11-15]
  • Richest 1% own over half the world’s wealth – [2017-11-15]
  • After periodic drops of 20 percent, bitcoin tends to come back even stronger – [2017-11-14]
  • Venezuela’s Bondholder Meeting Is a Bust as S P Declares Default – [2017-11-14]
  • Ray Dalio Buys $500 Million In Gold EFTs In Q3 – [2017-11-14]
  • Subprime Auto Delinquency Is Near Crisis Levels at Non-Bank Lenders – [2017-11-14]
  • How to Break Out of Our Long National Tax Nightmare – [2017-11-13]
  • The Cattiness Of Wells Fargo Executives Rivals The Ladies From Dynasty – [2017-11-13]
  • Debt swap problems pile up in China – [2017-11-12]

Latest Posts from the ML Forum!

Go to the forum!

Imploded* Lenders™

About The Implode-o-Meter

ML-Implode.com was created in late 2006 to raise the alarm about the then-burgeoning implosion of the historically-epic housing and economic bubble. Started as a modest web page created by founder Aaron Krowne, this objective was achieved by, uniquely, tracking the in-progress implosion of independent mortgage lending companies then being ignored by a mainstream media in denial of even the existence of the housing bubble. At that time, you were more likely to hear a partyline of “housing always goes up” and juvenile jeers of “bubbles are for bathtubs” from TV’s talking heads, than of even slight concern about a clearly-overextended, already-frozen housing market.

Operated as a broadly-open community forum, ML-Implode quickly took the lead in news about the mortgage implosion and subprime crisis, as industry professionals flocked to the site to share and find out the latest. The site even became, in part, a whistleblower platform, fighting (and winning) half a dozen lawsuits to defend the right of its contributors to post about corruption and malfeasance in financial companies, and be able to do so confidentially.

Despite its initial incarnation being rendered insolvent by these frivolous legal attacks, ML-Implode continues today in a stripped-down, lean-and-mean embodiment, remaining dedicated to tracking the fallout of the 2007-2008 credit crisis. This mission includes keeping tabs on recession/depressionary conditions, the policy response to the economic downturn and continued financial instability, the Fed and other global central bank interventions (including “ZIRP” and quantitative easing), actions and reforms of the monetary authorities, market manipulation (official and private sector), all global geopolitical conflict with economic roots, the evolution of the banking and monetary system (including dollar-alternative “reserve currencies”, gold, silver, and bitcoin and other “virtual currencies”), the effect of the economic turmoil on society, basic themes of economic fairness and justice, and much more.

We continue to doggedly watch all of these interconnected topic areas, daily picking the most important stories and commentaries, and bringing them together in a convenient and comprehensible form on this site. If you share our concerns, utilize one of the icons at the top of this page to “follow” us by twitter, RSS, email, and more.


What is a mortgage

Tuck School of Business, Dartmouth College, MBA, what is a mortgage.#What #is #a #mortgage

what is a mortgage

Your Team. Our Talent.

Executive Education

Strengthening Strategic Leadership, Accelerating Organizational Impact.

myTUCK for Alumni

News, resources, lifelong learning, and more.

Master of Health Care Delivery Science

Leading the Transformation of Health Care Delivery.

Meet a Student: Jodine Gordon T’18

Singer. Filmmaker. Storyteller. Jodine Gordon T’18 came to Tuck with many talents—and just as many aspirations.

Tuck 360: MBA Blog

Hear from the people who make Tuck distinctive among the world’s top MBA programs—students, partners, Tuck admissions staff, and administrators.

Slaughter & Rees Report: How to Select the World’s Most Important Economic Policy Maker

Economists Slaughter and Rees opine that for the next chairperson of the Federal Reserve Board, the president must nominate the candidate who exhibits the greatest capacity to learn.

Become the Difference

Come here to be challenged. Leave ready to take on the most important challenges of our time.

What is Wise Leadership?

Tuck community members speak to the role of business in addressing some of the world’s greatest challenges—and the kind of leaders needed to rise to the occasion.

Tuck Alumni Reunion 2017

Dean Matthew Slaughter addresses a group of alumni during Tuck Reunion, which brings hundreds of Tuck graduates and their families back to Hanover every year in October.


in the 2016 Economist ranking of alumni-network effectiveness


in starting salary plus bonus in the 2017 US News ranking

Tuck 360 blog

What is a mortgage

A Shared Mission

This Veterans Day, the Tuck Armed Forces Alumni Association reflects on the power of shared values and goals and those who have fallen serving their mission.

Guest Student Contributor, November 10, 2017

What is a mortgage

The Tuck WIB Conference: Where it all Began

“My Tuck journey is still unfolding, but I am glad I had the courage to embrace the uncertainty of the MBA application process, and that Tuck offered me a forum to safely explore what it would be like to be a woman at Tuck and in business,” says Annie Johnson T’19.

Guest Student Contributor, November 09, 2017

What is a mortgage

Tuck s Core Curriculum Makes Short Work of B-School Goals

Sam Humbert T’19 looks back on his first term at Tuck and the skills he’s acquired thus far through the first-year core curriculum.

Guest Student Contributor, November 13, 2017

Current Mortgage Rates in Quebec – Find the Best – Lowest Today, what is the

Current Mortgage Rates in Quebec

We shop the most competitive brokers, lenders and banks in Quebec to bring you today’s lowest interest rates, free of charge! Our comparison charts list current Quebec rates, and are updated on a daily basis. To compare a certain category, click on the “See All” button for more details.

Best Mortgage Rates in Quebec

Ratehub.ca compares mortgage rates across Quebec to find you the lowest possible mortgage rates in the province. We check mortgage brokers, banks, credit unions, and private mortgage lenders to find you the cheapest mortgage solutions.

Why should I compare mortgage rates in Quebec?

No mortgage is just like another. Depending on which bank, credit union, or private lender created the mortgage – and who it was intended for – the rates, terms, and conditions could be very different. If you want the best mortgage for your special needs you need to understand all of your options.

Should I get an open or closed mortgage rate in Quebec?

Closed and open mortgages differ in their repayment options. In a closed mortgage, payments made above and beyond your regular monthly payment price are restricted to set levels. Closed mortgages often have lower interest rates.

Open mortgages allow borrowers to repay as much of the principal as they choose – at any time. This greater flexibility comes with the price of higher interest rates.

What is the difference between a variable vs. fixed mortgage rate in Quebec?

The popular choice for a mortgage in Quebec is the fixed interest rate mortgage. The fixed interest rate is set for the term of the mortgage without fluctuation. This allows borrowers to know exactly what their mortgage payments will be each month, making household planning stable.

A variable rate mortgage, chosen by approximately one third of all Quebecers, has an interest rate that is tied to prime. As the prime rate fluctuates, so does the mortgage interest rate. This interest rate fluctuation affects the monthly payment. While most variable mortgages have lower interest rates at the start of a mortgage term, they are not as popular as their fixed counterparts because of this instability.

What are prepayment options?

Prepayment options are the terms that define how much of an increase can be made to your monthly mortgage payment, or how large of a lump sum payment is able to be made towards your principal. These increases are based on a set percentage – when payments are made over and above these allowable percentages, interest based penalties will be applied to your mortgage.

What is the mortgage ratehold?

A ratehold allows you to lock into an interest rate for a certain number of days before your mortgage is actually renewed or closed. The renewal date is the date on which the term of mortgage expires, not to be confused with the amortization period . A rate hold allows you to take advantage of favourable rates today, while still taking advantage of possible lower rates closer to your closing date.

Quebec Housing Market Forecast 1

Quebec’s economy is growing. This, combined with continued low interest rates, and an increasing population will continue to boost the housing market. Strong consumer spending and investment will increase the economy’s strength and drive job creation up. As the population ages there will be changes in the needs of many households which will increase resale transactions across the province.

Best Mortgage Rate, Low Mortgage Payments, Unlock The Secrets, what is the mortgage rate.#What #is

How to Get Your Best Mortgage Rate

Trying to get your best mortgage rate is often frustrating. You are about to ask for more money than you’ve seen in your life. Your hopes and dreams are riding on a stranger’s decision.

Thank you, thank you, THANK YOU — for alllll the detailed and useful information you make available to us! You’re invaluable Deborah M. from St. Louis

What is the mortgage rate

For many, the thought of applying for a mortgage is nerve wracking because the process can feel mysterious.

Hi, my name is Kate. I am also known as Ask Kate and Super Kate. I author this free informational website to answer mortgage questions and make sense of the bewildering home loan process.

Let me put your mind at ease. You see, as a former mortgage broker for more than 20 years, I helped people finance their homes. As you can imagine, I became very adept at solving problems!

So even though your banker’s lingo may be unfamiliar, I know how to translate the secret language of mortgage lending. Welcome to my website. I will be your guide!

Kate’s Mortgage Basics

Let’s start with the fundamentals.

Kate’s Tips and Techniques

Many of the following techniques are the exact methods I used when I originated mortgages for my borrowers. You are invited to use them too.

Ask Kate About Your Mortgage

Ask Kate is a question and answer forum. It’s also become the heart and soul of Get Your Best Mortgage Rate. People with questions write to me and I respond with personalized answers. Afterward, I publish the letters on this website for the benefit of all.

What is the mortgage rate

  • Comparing interest rates and lenders
  • Home mortgage tips and solutions
  • Canceling the cost of PMI
  • Locking mortgage rates Part II and Part I
  • Credit score ratings
  • Reverse mortgage refinancing
  • HARP refinance and HAMP modification Part II and Part I
  • Buying a first home Part II and Part I
  • Refinancing a home mortgage Part II and Part I
  • Adjustable rate home mortgages (ARM)
  • VA and FHA loan requirements

Share with a Friend

Please tell your friends about Best Mortgage Rate, Low Mortgage Payments, Unlock The Secrets by Ask Kate. I hope you’ll come back and visit often.

Recent Articles

Kate’s Mortgage Rate Report August 11: Rates Bouncing Like a Ping Pong Ball

Aug 11, 16 10:49 AM

What is the mortgage rate

Ask Kate how to avoid unauthorized mortgage rate extension fees

Aug 11, 16 10:18 AM

What is the mortgage rate

Focus on Finance

Insider mortgage secrets delivered every Thursday morning by Super Kate.

Super Kate respects your email privacy.

What’s Hot

Kate’s Answers

Kate’s Guides

Kate’s Tips

Meet Kate

Independent Informational Website | Not a Mortgage Lender, Broker, or Originator

The information you obtain at this site is not, nor is it intended to be, a substitute for personalized professional advice. All numbers are estimated and are for illustrative purposes. Rates, loan programs, and guidelines are published for convenience only, vary with no advance warning, are not guaranteed, and should not be relied upon. You should consult a mortgage lender for a current rate quote and seek advice from qualified professionals, for example, attorneys, accountants, financial planners, mortgage relief counselors, lenders, brokers, originators, and/or real estate agents, regarding your individual situation. Comments and opinions found here are not necessarily those of Get-Your-Best-Mortgage-Rate.com and its owners.

By Kate Copyright 2007- Get-Your-Best-Mortgage-Rate.com | All Rights Reserved | Reproduction Prohibited

What is the mortgage rate

What is apr, what is apr.#What #is #apr

What is apr

  • What is apr

What is aprWhat is apr

What is apr

What is apr

What is apr

What is apr

  • 2017年4月15日 明日、号砲! 石垣島トライアスロン2017
  • 2017年4月15日 竹富島の『種子取祭』の奉納芸能日程
  • 2017年4月11日 船浮音祭り
  • 2017年3月24日 ご存知ですか? 石垣から香港へ行けます。
  • 2017年3月23日 『2017 Tropical Lovers Beach Festa』6月10日(土)開催
  • 2017年4月7日 Newsアルバイト募集!
  • 2017年2月24日 News離島観光を割引します。


What is apr What is apr

What is apr What is apr What is apr What is apr What is apr

What is apr What is apr What is apr What is apr

  • What is apr
  • What is apr

What is apr

What is apr