Best Home Loan Sites:

1. Get a Real Estate De  2. Real Estate Info  3. Only $ 8.95 a month  4. Free and Low Cost Of  5. Real Estate Cash Reb  6. Creative Financing S  7. A Real Estate  8. Real Estate  9. Real Estate 10. Real Estate 11. Real Estate Investme 12. Sell Your Home In 21 13. Real Estate 14. Realestate.com. 15. Real Estate 16. A Real Estate 17. Real Esate 18. Wanna trade Real Est 19. Need Mortgage to Buy 20. Real Estate

More Mortgage Resources:
Mortgage Refinancing
Home Loan Application
Best Home Loan Providers
Home Improvement Loans

Loan Costs

• How can I compare the rates quoted by different lenders?
• What are "points"?
• Is a "no cost loan" really no cost?
• What does a "rate lock" mean?

Qualifying

• What does it mean to "qualify" for a loan?
• What is the difference between pre-qualification and pre-approval?
• What is a FICO score?
• If I have some credit problems in the past, can I still get a home loan?
• What does "cash to close" mean?

Insurance

• What is mortgage insurance? How is it different from homeowner’s insurance?
• What is title insurance? Why do I need it?
• How do I know whether I need flood insurance?

Mortgage Payments

• What is included in my monthly payment?
• What is an escrow account? Is that different from the escrow I had when I bought my house?
• What happens when my loan is "sold"?
• Is there a pre-payment penalty on my loan?
• If I pay extra each month, how much quicker can I pay off my loan?
• What is the benefit of a "bi-weekly" mortgage?

Applying for a Loan

• Do I have to have a property to apply for a loan?
• What paperwork does the lender need to process the application?

Refinancing

• How do I know when it is a good time to refinance?

Types of Mortgage Loans

• What is a conventional loan?
• What is FHA and VA?
• What is a conforming loan? What is a non-conforming loan?
• Why should I choose a fixed rate over an adjustable rate loan?
• Is an equity loan the same as a second mortgage?
• What is a B/C loan?

Where the Money Comes From

• Who are Fannie Mae, Freddie Mac, and Ginnie Mae... and what do they have to do with home loans?

Why should I choose a fixed rate over an adjustable rate loan?

There are probably more loan options available to the borrower than ever before. Whether a fixed rate loan is better that an adjustable rate mortgage (ARM) or any of the many ARM derivatives depends on the financial situation and plans of the individual borrower. Generally, if the borrower plans to be in the home seven to ten years or more, fixed rate loans offer greater long term payment certainty. For shorter anticipated stays, an ARM or ARM hybrid will usually offer lower payments compared to fixed rates.

Home Sites: