An educational blog about home mortgages, financing, refinancing, mortgage rates, home loans, brokers and suggestions

Mortgage rates are always changing, so it is important that you understand factors that can make them change day to day, especially if you sign up for a variable rate mortgage.  Below I will discuss the differences between fixed and variable rate mortgages, as well as factors that can cause changes in both.  
A fixed rate [...]

If you’ve gone to any real estate website looking for a home to purchase, you might have noticed a link that allows to “calculate your payments”.  How do these work?  Should I trust these calculators?  Ultimately, no matter how detailed the calculator is, they only provide you with ESTIMATES!   There are many different calculators [...]

I came across a nice reference to mortgage refinancing today in this week’s BusinessWeek. The columnist David Kiley discusses several ways in which his family has tightened its budget, including getting rid of their personal financial advisor and switching to in-network healthcare providers. 
They made a smart decision to make two smaller mortgage payments per month, [...]

WOW…everything about mortgage refinancing. Not exactly. But I will provide you with a few tips that will help you out in determining how to gauge your refi options. Refi, or not refi, that is the question. When should you refinance? What should you look for in a refi loan? [...]