Thank You for your time. Non owner occupied loan rates are always higher than mortgages for your primary residence. An exception to this is if you are buying a second home which the loan program will designate that it has to be so many miles (usually 50-70 miles) from your primary residence and you are [...]

Thank You for your time. Non owner occupied loan rates are always higher than mortgages for your primary residence. An exception to this is if you are buying a second home which the loan program will designate that it has to be so many miles (usually 50-70 miles) from your primary residence and you are [...]

even though this is the adjustable rate CONTRACT that borrowers signed into. Talk about government takeover… I think borrowers and lenders should sit down and rehash their contracts on their own as it does not serve the lender’s interest to foreclose properties. I disagree with it, but I think there should be some sort of [...]

IF the tax deducting were to be removed you will see people not buying as many homes. There are some people out there that live for tax deductions – I call them democrats. Some people will not pay down a mortgage to get the silly tax deduction. There is a mental block that does not [...]

My 5-1 ARM adjusted last year and went to 6.25%. It will adjust again this November. Are mortgage rates based on the feds fund rate? Or something else? How can I estimate what my new rate will be? There are multiple indices that are used by mortgage holders to adjust a mortgage rate. some are [...]