Mortgage Questions and Answers
Home Mortgage And Loan Refinancing Guide
Thank you for visiting our Home Mortgage and Loan
Refinancing Guide. Every home owner at some point in time wil have Mortgage Questions
whether they are buying a new home or are looking to refinance an existing home mortgage. Our goal is to
provide you with the answers to your mortgage questions, information and articles pertaining to mortgages and
loan refinancing to help you make an informed decision when it comes to purchasing a new home or refinancing your
existing home loan.
Whether you are buying a home for the first time or you are interested in
refinancing your existing home mortgage to get a better interest rate, you need to at least have a good general
knowledge of mortgages and loan refinancing when you speak with lenders.
Mortgaging is a complex process and will always involve some professional services
no matter what you do. Your best bet is to find an attorney that has a good reputation and is familiar with real
estate law to help you find the right answers to your mortgage questions.
The business of home mortgages and loan refinancing can be downright confusing
especially when confronted with interest rates, what type of home mortgage is best...should I go with a fixed rate
or should I look at an adjustable rate mortgage (arm). Do I need mortgage insurance? And the list goes on and on.
The banking jargon used by mortgage professionals will seem like an alien language to you if you are not somewhat
familar with the terms.
So do yourself a big favor, take a little time to study up before you go looking
for a new home mortgage or refinancing an old one.
You surely don't want to get hooked into the
wrong type of mortgage that will not meet your plans and goals for the future or risk losing the roof over your
head because you can't make the high payments. Before you sign on the dotted line, know what you're signing and the
consequences of your home mortgages contract. Don't always rely on the lender telling you everything...they won't!
Find yourself a good mortgage broker or real estate attorney or take the responsibility yourself and get
For example "What is a mortgage?"
"A mortgage is a legal and binding contract that indicates that you have agreed to
use your house or other assets as security for a loan made. Upon signature, the lender will hold the title deed of
the property until after you pay all the money that you owed plus interest. Should you not be able to make your
mortgage payments, the lender has the right to sell the property".
So...whether you are a first time home buyer, have already purchase a
home and you are thinking about re-financing, seeking an equity home loan, or even a reverse mortgage - there
are a lot of things to consider... as an example - do you choose fixed rate, variable rate, adjustable
rate, or interest only.
Home mortgage rates, fees and costs involved can all vary. You need to be familiar
with the jargon and put it to good use. It can save you loads of money in the long run!
Our website has been designed to help you do just that. We've provided you with
lots of articles, news and other links to help you find what your looking for, bookmark this site and come back to
it every time your looking for information, advice, and tips on home mortgages and loan refinancing.
Do you know of someone who is thinking about buying a new home for the first time
or is looking for loan refinancing information? If so, send them an email with this link to our website.
We're sure that you will find our "Mortgage Questions and
Answers" website will be a valuable asset for your mortgage information
~ The Home Mortgage Team