Contemplating Your Mortgage Loan Preferences
In past decades, the type of mortgage loan available for home buying and refinancing was less important than simply getting the loan approved simply because there were not a large selection of mortgage types to choose from. Gone are the days when the mortgage products were limited to a 25 year fixed rate FHA mortgage or a 25 year fixed rate conventional mortgage, unless you were a GI in which case you applied through the VA.
The answers to these questions will give you an idea of your financial position. Now the next step is to decide two key options:
If you opt for a fixed rate mortgage, the can be minimum 15 years or at maximum 30 years. While selecting a fixed or adjustable interest rate you should be aware of the fact that an ARM is more risky because the interest rate will change during the loan term as mentioned above, while a fixed-rate loan offers more stability because the rate is locked-in for the full term.
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Purpose and Objective
We set out to create a website that accomplishes three objectives. To provide relevant and useful mortgage loan information; to provide the tools and resources which we believe will be needed to adequately prepare our readers for obtaining affordable mortgage financing from any licensed lender in the nation; and to provide access to third party professional services and organizations active in the mortgage and real estate industry.
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Many Thanks to Weebly
TPJaveton wishes to extend appreciation to Weebly for the resources and tools made available with the free website. They were of tremendous help in making this website possible. We invited our friends and supporters to come along with us throughout the creation of Borrower-friendly Loans for two reasons:
We are also grateful to the folks at Google for their part in making this website possible!
The TPJaveton family extends sincere thanks to Google for the many Google tools and resources utilized in making this website possible; plus so much more. We will always be grateful for the privileges granted.
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One of the premier commercial mortgage networks of this decade now offer professionally prepared Executive Summaries at no cost to the borrower. Depending on who you talk to, that report when done correctly can cost in excess of five hundred dollars ($500) and C-Loans provide it to borrowers and brokers at no cost.