Traditionally, homebuyers could look to two forms of mortgages fixed rate and adjustable mortgages. While there are now many more options, this article takes a look at the adjustable rate mortgage. What is an ARM Loan? An adjustable rate mortgage is a basic mortgage with one important exception. With an ARM, your interest...
Refinance Rates
Refinance Rates
Annual Percentage Rate (APR)
Analyzing APR during mortgage refinancing or second mortgage loan shopping can be a very tricky proposition. Many people have come to believe that a loans APR, or “Annual Percentage Rate”, is the single most important factor in comparing mortgage loans. However, this is rarely the case, especially in today’s marketplace, explains Bob Peckenpaugh, Manager...
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