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Points
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Fixed and variable rate mortgages
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Debt-to-income ratios
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Mortgage Brokers vs. Mortgage Lenders
Lenders want to lend as
much money as
possible, but
also want to accept
as little risk as
possible. They want
to lend money
because that is how
they make money.
Brokers will go an
find the best lender
for you that
fits your financial
needs.
Home Mortgage Loan
Many people want to find a home loan, as a this can mean the difference between
renting and buying. Used for residential purposes, you can acquire a home for
you and your family without worrying if you can afford it or not.
Fixed Rate Mortgages
This option is the
safest way to go. Instead of having
to worry about monthly
changes, you will have a
rate that does not
change from month to
month. You always will
know what your
payments will be.
Adjustable Rate Mortgage
An adjustable rate
mortgage can be very
attractive. The lender
seduces you with a low
rate, but you have to
read the fine print.
The risk that is
involved in an ARM is
the chance the your rate
may increase as time
goes on.
Refinancing Mortgage
A
refinancing program can save you
hundreds of thousands of
dollars over the life of
your term. You can
lower your monthly
payment, or you can
payoff your existing
mortgage faster.
Second Mortgage
There are a number of
different second
mortgage products that
can put money in your
pocket or help you save
on your monthly
payments. Taking equity
out of your home and
refinancing are two
major products available
for a second loan.
General Directory
Please Contact Us at 561-340-1441 to find out how to be included in our General Directory. Or email me at info@bestrateforbuyers.com