Which is the best mortgage financing option?

Apr 08, 2007 by Katie | Posted in Renting & Real Estate

I am planning to buy a new home and rent out the house I currently own. Below are details of the mortgage financing I have been given, I don’t know what to choose?

5yr variable morg, 1st yr @ 4.5% 1.5% below prime then, .40% below prime

if your gonna sell the one you live in now anytime soon, get an adjustable. If your gonna keep it along with the other one your gonna purchase get a fixed on both of them. Refi and get cash-out to make the down payment. a equity line rate is a litte

josephcodner | Apr 08, 2007

refinance and FIXED (always)....ARM's are for idiots....(equity loans are usually onl good for short terms, like fixing a house up....they aren't good for long term things..)
Kathy A | Apr 08, 2007

what should first time home buyers know about financing options?

Feb 23, 2007 by kittychik73 | Posted in Renting & Real Estate

we don't have the greatest credit scores, but our income is more than substantial to meet an average mortgage, plus we're confused about all of the options available to us about financing, handling the closing costs, etc.

One of the things you have going for you is the fact you have never owned any property before. there are a lot of 1st time buyer programs out there. If you do a search you will be surprised how many options you have.
One very good federal program

saving4unme | Feb 23, 2007

CYA21 Part 3 of 4: Mortgage Financing Options People Have and Don't Know About.

This week's show on Cover Your Assets LIVE Radio, we welcome Matt Grant, Executive Vice President of Rubicon Mortgage Advisors, to discuss ...

Reverse Mortgage Financing Offering Financial Assistance Options For ...

04.10.11

Despite the fact that there have been some banks who are exiting the reverse mortgage market, there is still an interest by some homeowners when it comes to acquiring this type of home loan as many see this as a way to get financial assistance during their retirement years when it comes to helping with certain costs that may arise from healthcare costs, home repairs, or general income that may help with living expenses. However, reverse mortgages are not always beneficial for a homeowner nor are they going to be available as there are some senior homeowners who may have problems related to housing troubles currently in place that may make borrowing more difficult.

Source: Red, White, and Blue Press

mortgage financing options - Bookshelf


Keys to Mortgage Financing & Refinancing
202 pages 		Keys to Mortgage Financing & Refinancing

Creator: Jack P. Friedman, Jack C. Harris | Business & Economics - 2006-09-08
Adjustable-Rate Mortgage Indexes 143 58. Convertible Adjustable-Rate Mortgages 145 59. Home Improvement Financing Options 147 60. ...
Publisher: Barrons Educational Series Inc
Mortgage Financing, FHA's Fund Has Grown, But Options for Drawing on the Fund Have Uncertain Outcomes
81 pages 		Mortgage Financing, FHA's Fund Has Grown, But Options for Drawing on the Fund Have Uncertain Outcomes

Creator: Thomas J. McCool, Mathew Scire | Business & Economics - 2001
According to HUD, the economic value of the Mutual Mortgage Insur.
Publisher: DIANE Publishing
Black Enterprise
136 pages 		Black Enterprise

1989-11
Financing Options Among the financing options contemplated by new home buyers are ... The fixed-rate mortgage is a mortgage loan in which the interest rate ...

Mortgage Rates at Historical Lows, More Financing Options ...

by Danilo Bogdanovic

If you haven’t heard the news, mortgage rates hit new historical lows this week. Depending on the area you’re in and your credit worthiness, mortgage rates are at 4 percent, if not under 4 percent. That’s just cheap money – plain and simple.

Not only are mortgage rates at all time lows, monthly payment amounts have come down substantially since the beginning of the year. Check it out…

...

Read more...

mortgage financing options - auto loan rates - EquityLoanInNews.com

"The Everything Homebuying Book: All the Ins and Outs of Making the Biggest Purchase of Your Life"
(Family Christian Stores)
Price: $14.95

>The Everything. Homebuying Book, 2nd Edition walks you through the biggest purchase of your life with expert advice you can trust." Rest assured, you are not alone. It takes you step by step through the process and provides practical advice for getting the most for your money and making the...

mortgage financing options - News


Reverse Mortgage Financing Offering Financial Assistance Options For ...
Red, White, and Blue Press - Oct 04, 2011
While reverse mortgage loans are still available, this financial assistance option for homeowners may not always be in the best interest of a particular borrower, and it's for this reason that many will come to realize what a reverse mortgage entirely

Historic rates appeal to buyers, owners
Rochester Democrat and Chronicle - Oct 08, 2011
Realtor Todd Enright, right, of ReMax First discusses financing options with loan officer Sam DiPiano, left, of Eastcap Mortgage and homeowner Dennis Anthony of Gates. Anthony is stepping up his efforts to find a home to buy so he can take advantage of

United Arab Bank undercuts UAE mortgage market with 3.99 per cent offer
CPI Financial - Oct 10, 2011
United Arab Bank undercuts UAE mortgage market with 3.99 per cent offer unbeatable deals that are designed to deliver better value to our customers and strengthen our retail asset offering. Our aim is to contribute significantly to our customer base by providing flexible financing options as well as efficient services.

Fannie Mae Opens Mortgage Help Center in St Louis
LoanSafe - Oct 04, 2011
According to the company, the Mortgage Help Center will offer one-on-one consultations in person or over the phone with experienced housing counselors to review mortgage loans and financing options, explain the range of options available,

Home loan rates plunge to historical low
Longview News-Journal - Oct 07, 2011
A drop in mortgage rates could provide help to the economy if more people could refinance. When people refinance at lower rates, they pay less interest on their loans and have more money to spend. Consider a homeowner who owes $250000 and is paying

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