The Golden Age OF ARM´S
Adjustable rate mortgages used to save you money. Not Anymore. (more…)
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Home Mortgage Advice
There is nothing like owning your own home free and clear. That’s a goal near to the heart of almost everyone who has ever held a mortgage. Oh, the things you could do without a mortgage payment!Paying off a mortgage is a noble goal, and one that can serve you well in retirement. But hang on, there’s no rush. Despite the claims that you can save a fortune in interest by paying off a mortgage early, spreading the payments out over 30 years can be much smarter than putting your extra dollars into additional mortgage payments. (more…)
Existing Home Sales Surge; Largest Gain in 2 Years
The month of January saw an increase in the number of people buying homes. Could this be due to the unseasonably warm weather we experienced drawing people into the market or is this an indication of an ailing housing market bouncing back? (more…)
Mismanagement Kills Mortgage Firm
Eagle First Mortgage consented to the Arizona Department of Financial Institutions’ order to surrender its mortgage broker license, according to an order. The department said it’s investigation of Eagle around mid-2006 found that the company was insolvent. The brokerage will officially be closed on March 14, according to a statement posted on Eagle’s Web site. (more…)