Guide To Lenders
May 15, 2008
Guide To LendersGuide To Lenders
Compare Low Rate Mortgage Quotes
1.Type of Loan:
Mortgage Refinance
Home Equity Loan or Line
Debt Consolidation
New Home Loan
Commercial Mortgage
2.Property State:
3.Property Type:
4.Credit Rating:
Recent Articles

Recent Articles

Green Bullet How NOT to Get Approved for a Stated Income Loan
While sometimes cynically referred to as "liars' loans," stated income mortgages aren't supposed to be used by those on mobile home budgets... Read More >>
Green Bullet How Do Lenders Determine Your Interest Rate?
Today's mortgage pricing reflects the overall risk of the loan and can increase or decrease the cost of financing to borrowers... Read More >>
Green Bullet Three Reasons to Hesitate Before Paying a Mortgage Off Early
With news of rising mortgage foreclosures continuing to make headlines, it would be natural for home owners to think that... Read More >>
Green Bullet A Second Mortgage Can Facilitate House Swapping
A technique known as house swapping has emerged as a creative solution to a slow housing market. As the name implies, house ... Read More >>
Current Mortgage Rate 5/15/08
ProductLast
30-Year Fixed         6.01%
15-Year Fixed N/C     5.60%
5/1 ARM          5.57%
3/1 ARM         5.18%
Primary Mortgage Market Survey® data provided by Freddie Mac
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Refinance Mortgage

Refinancing a mortgage is when a homeowner takes out a new mortgage to pay off an existing mortgage.

Home Equity Loan

A home equity loan allows a homeowner to borrow money using their property as security.

Debt Consolidation Loan

Unsecured debt may be an expensive way to finance purchases--because the lender has no collateral, interest rates can be high, in some cases over 25%.

Second Mortgage

(2nd Mortgage)

A second mortgage, by definition, is any loan that creates a second lien on a homeowner's property.

Home Improvement Loan

Home improvement loans can take several forms, each ideally suited to different borrowers' lifestyle and financial plans.

Adjustable Rate Mortgage (ARM)

Adjustable rate mortgages (ARMs), move with prevailing financial market conditions, with interest rates that reset or "adjust" periodically over the life of the loan.

New Home Loan

A new home loan is the first loan the buyer takes out to pay for a new property, not just the mortgage a first-time home buyer takes out.

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