03 Nov 2016
By Mark Feder

Understanding How Mortgage Amortization Works and How It Can Affect Your Future

Home Mortgage Tips
Whether you're just beginning to peruse the market or you've recently found your dream home, there's a chance you're already considering the lenders and loan terms that will work best for you. Amortization may be a less-familiar term when it comes to the layman's knowledge of buying a home, but knowing more about exactly what it means can go a long way towards a more secure financial future. Explaining Mortgage Amortization Amortization is the process of paying off your mortgage loan through regular monthly payments. While a portion of each monthly payment will go towards the price of the home…
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20 Jul 2016
By Mark Feder

On a Variable Mortgage? 3 Signs Your Mortgage Payment Is About To Increase

Home Mortgage Tips
For many homebuyers who are new to the market, it can be very comforting to be on a fixed rate mortgage where fluctuating interest rates cannot have an impact on your monthly payments. While a variable rate mortgage can sometimes lead to significant savings at the end of the day, there are a few ways you can tell if your monthly payment is on the upswing. An Increase In Your Home's Value A marked increase in a home's value is ideal for most homeowners who consider their home an important investment. However, the downside of an increase in the price…
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06 Jul 2016
By Mark Feder

The 4 Most Common Mortgage Questions, Answered

Home Mortgage Tips
Making the decision to purchase a home is one of the most significant investments most people will make in their life, and this automatically means there are a lot of questions that need to be answered before putting any money down. If you're considering making the leap, here are some insights into some of the common questions you might have. How Much Should You Put Down? While many homebuyers have the option of putting as little as 3% down in order to purchase a home, there are benefits to saving up for a down payment and putting in 15 or…
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21 Mar 2016
By Mark Feder

What’s Ahead For Mortgage Rates This Week – March 21, 2016

Financial Reports
Housing Starts Up in February Shortages of available homes are a major factor in rising home prices; shortages also make it more difficult for buyers to find homes they want. Housing starts in February rose, which is good news for the peak spring and summer home buying season. Other housing related news released last week included the Fed's decision not to raise the target federal funds rate and Housing Starts and Building Permits reports issued by the Commerce Department. Consumer Sentiment was also released along with regularly scheduled releases on mortgage rates and weekly unemployment claims. Builder Confidence Holds Steady,…
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