ManagingMoney.com: Home Buying and Mortgages Archives

October 24, 2007

What Fees Are Included in the APR or Annual Percentage Rate?

Financial lenders calculate the APR or annual percentage rate using a formula that takes into consideration the various expenses associated with the mortgage. Some fees are always calculated into the equation while others are never included. In fact, some fees are considered when calculating the APR by some lenders, but not by others.

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Posted by Mike - Editor at 7:24 AM | Permalink

November 23, 2006

ManagingMoney.com Launches State Specific Mortgage Center

ManagingMoney.com is pleased to announce the launch of their Mortgage Center. Unlike numerous other sites where the user is expected to fill out a form in order to receive a competitive mortgage quote, the new ManagingMoney.com Mortgage Center offers State Specific mortgage quotes from both local and national lenders. Users are able to see updated quotes that show rates, APY, points and closing costs. If interested, users can then click through directly to the specific lender to fill out an application or request more information online. The new Center supports purchases, refinancings, and home equity loans. Types of loans available include conventional fixed loans, jumbo loans, adjustable rate mortgages, home equity loans, and home equity lines of credit. All companies listed are actual mortgage companies, not loan aggregators, and any listing showing rates older than 7 days are dropped so users can be comfortable they are seeing timely, relevant information.

Posted by Mike - Editor at 2:15 PM | Permalink

January 15, 2005

Is An Interest-Only Mortgage Loan Right For You?

Although interest-only mortgage loans have existed for many years, they have increased in popularity recently. With home prices continuing to rise and interest rates still at low levels, an interest-only mortgage allows homebuyers to purchase a larger home with a smaller mortgage payment.

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Posted by Mike - Editor at 8:30 PM | Permalink

August 10, 2004

Is an ARM, Adjustable Rate Mortgage, Appropriate Now?

With mortgage rates at such low levels, the general consensus is that rates are more likely to go up rather than down. Based on that fact, does it make sense to even consider an Adjustable Rate Mortgage (ARM) now?

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Posted by Mike - Editor at 12:44 PM | Permalink

May 1, 2004

Weighing Your Real Estate Mortgage Options

There are a wide variety of mortgage options available for financing your home. Which is best for you depends on how long you plan to live in the home and your expectations regarding future mortgage rates. Consider these questions before deciding on a particular mortgage option:

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Posted by Mike - Editor at 7:48 PM | Permalink