Is the 30-Year Fixed rate Mortgage the Best Choice? Decide for Yourself Posted on September 14, 2018 by JMCHood If you are in the market for a mortgage, you probably automatically think of the 30-year fixed rate mortgage. That is usually the most popular choice…. Read More
Refinance Process: How to Lock in Your Mortgage Rate? Posted on July 19, 2018 by JMCHood If you are refinancing, you will have to choose the right time to lock in your mortgage rate, just as you did when you bought your… Read More
ARM Loans: What is Fully Indexed Interest Rate? Posted on June 19, 2018 by JMCHood ARM loans or adjustable rate loans, have a rate that adjusts periodically. Most commonly, they adjust once per year. You do get a fixed period temporarily… Read More
ARM vs. Fixed-Rate Mortgage: Which is Better? Posted on May 10, 2018 by JMCHood Hearing the low interest rate you can grab with an ARM loan can be rather tempting. But, is it worth it in the end? Should you… Read More
Should You Make Extra Payments or Refinance Your Mortgage? Posted on February 15, 2018 by JMCHood You want to get ahead on your mortgage. Whether your goal is to pay it off by a certain age or minimize the interest you pay,… Read More
Can you Buy a Home While on an IRS Payment Plan? Posted on February 5, 2018 by JMCHood Not being able to pay your taxes is a big deal, but luckily, the IRS provides a way to make it right. The tax lien payment… Read More
What You Need to Know About VA Adjustable Rate Loans Posted on January 1, 2018 by JMCHood Taking out a VA loan means you have a big choice to make – do you want a fixed rate or adjustable rate loan? ARMs used… Read More
Are Prepayment Penalties Allowed on the VA Loan? Posted on December 11, 2017 by JMCHood The VA loan provides veterans with 100% financing usually over a term of 30 years. What happens if the borrower wants to pay the loan off… Read More
Can you Include Closing Costs in a VA Loan? Posted on November 11, 2017 by JMCHood A VA loan doesn’t require a down payment and has low closing costs. However, there’s one benefit veterans don’t get. They can’t roll the costs to… Read More
How Long Does it Take to Break Even After Refinancing? Posted on October 30, 2017 by JMCHood Refinancing doesn’t automatically mean you’ll save money. You have to find what is called the break even point. You might be surprised to learn just how… Read More