Category: Mortgage

June 25, 2021 Marcus Terry 0 Comments

It’s time for another mortgage match-up folks. Today, we’ll look at 10-year mortgages versus the 30-year fixed mortgage to see how these home loans stack up against one another. Before we get started, it’s important to note that there are two very different types of 10-year mortgages out there. One a fixed-rate mortgage that is [&hellip

The post 10-Year Mortgages vs. the 30-Year Fixed: Which Is Better? first appeared on The Truth About Mortgage.

June 25, 2021 Marcus Terry 0 Comments

It’s been a while since I last posted a mortgage match-up, so without further ado, here’s the latest installment: “Prepay the mortgage or invest instead?” There are likely thousands of articles that deal with this very subject, all with plenty of differing opinions, but we are in unprecedented times. Mortgage rates have never been lower [&hellip

The post Should You Prepay the Mortgage or Invest Instead? first appeared on The Truth About Mortgage.

June 25, 2021 Marcus Terry 0 Comments

If you’re scratching your head wondering why home prices continue to go up and up, consider the fact that it’s actually cheaper now than it was a year ago. It’s also less expensive to own a home today than it was back in 2019, 2018, 2008, 2007, 2006, 2005, and even during parts of 2004. [&hellip

The post Real Estate Is Red Hot Because Mortgage Payments Are Still Cheap first appeared on The Truth About Mortgage.

June 25, 2021 Marcus Terry 0 Comments

We’re all looking for an angle, especially if it’ll save us some money. Whether it’s a stock market trend, a home price trend, or a mortgage rate trend, someone always claims to have unlocked the code. Unfortunately, it’s usually all nonsense, or predicated on the belief that what happened in the past will occur again [&hellip

The post When Are Mortgage Rates Lowest? first appeared on The Truth About Mortgage.

June 25, 2021 Marcus Terry 0 Comments

Fundamental mortgage Q&A: “How does mortgage refinancing work?” When you refinance your mortgage, you essentially trade in your old loan for a fresh one with a new interest rate and mortgage term. And possibly even a new loan balance. You may elect to receive this new mortgage from the same bank (or loan servicer) that [&hellip

The post How Does Mortgage Refinancing Work? first appeared on The Truth About Mortgage.

June 25, 2021 Marcus Terry 0 Comments

Are You a Mortgagee or Mortgagor? It’s mortgage Q&A time! Today’s question: “What is a mortgagee?” No, it’s not a typo. I didn’t leave an extra “e” on the word mortgage by mistake, though it may appear that way. Despite its striking appearance, it’s actually a completely different word, somehow, simply with the mere addition [&hellip

The post What Is a Mortgagee? Hint: It’s Not a Typo first appeared on The Truth About Mortgage.

June 25, 2021 Marcus Terry 0 Comments

To learn more about how our Minters are achieving their financial goals, we reached out to everyday Mint users, just like you, to hear their stories. Whether it’s paying off student loans, or working toward buying a home, we’re so…

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The post Managing Your Money, Together appeared first on MintLife Blog.

June 24, 2021 Marcus Terry 0 Comments

When shopping for a mortgage, it’s very important to pick a suitable loan product for your unique situation. Today, we’ll compare two popular loan programs, the “30-year fixed mortgage vs. the 7-year ARM.” We all know about the traditional 30-year fixed – it’s a home loan with a 30-year duration and an interest rate that [&hellip

The post 7/1 ARM vs. 30-Year Fixed Mortgage: Pros and Cons first appeared on The Truth About Mortgage.

June 24, 2021 Marcus Terry 0 Comments

It’s time for yet another mortgage match-up, so without further ado, here’s a biggie: “Renting vs. buying a home.” Or a townhouse for that matter… This is certainly an intimidating question, and one that’s difficult to sum up in one post, but I’ll do my best to cover as many pros and cons for each [&hellip

The post Renting vs. Buying a Home: 55 Pros and Cons first appeared on The Truth About Mortgage.