What is a good interest rate for a 30 year fixed mortgage? Mortgage Guide What is a 30-year fixed mortgage? A 30-year fixed mortgage is a loan whose interest ra...
Is a 7 year arm a good idea? Mortgage Guide A 7-year adjustable rate mortgage (ARM) could lower your monthly expenses and give you options down the road. ... Bu...
What is the difference between a bank and a mortgage broker? Mortgage Guide A mortgage broker is basically a middleman. Brokers work with a variety of lenders t...
Who pays a mortgage broker? Mortgage Guide Unlike loan officers, mortgage brokers don't work for banks. They operate independently and must be licensed. They ch...
Can you buy a house with no closing costs? Mortgage Guide Before you can get the keys to your new house, you'll first have to pay closing costs. Closing costs a...
How do I choose a mortgage broker? Mortgage Guide To get a jump-start on the mortgage loan process, use these five tips to find the best lender for you.-Get you...
Which is better arm or fixed mortgage? Mortgage Guide This means that the monthly payments can go up or down. Generally, the initial interest rate is lower than...
Should I refinance out of an ARM? Mortgage Guide While refinancing your ARM has a lot of potential benefits, there are some downsides to consider as well. Upfro...
Do I need to use a mortgage broker? Mortgage Guide Although lenders and brokers must offer advice in almost all cases, you might be able choose to reject the ad...
What is today's mortgage rate? Mortgage Guide The average 15-year fixed mortgage rate is 3.17 percent with an APR of 3.35 percent. The 5/1 adjustable-rate mortg...
Is a 5'1 arm a good idea? Mortgage Guide The advantage of a 5/1 ARM is that during the first phase, you get a much lower interest rate and payment. If you plan...
Is it better to use a mortgage broker or lender? Mortgage Guide While using a mortgage broker seems like it would save you money because they have access to man...
Do mortgage brokers make good money? Mortgage Guide Mortgage brokers work with homeowners and homebuyers. ... Like most sales professionals, mortgage brokers ch...
Why is an arm a bad idea? Mortgage Guide Adjustable-rate mortgages aren't for everyone, and can be a very bad idea for some people. ... The advantage of an ARM...
How much does a mortgage broker make per loan? Mortgage Guide On average, this compensation can range from roughly 50 basis points (0.50% of the mortgage amount...
