| A Homebuyers Service From CLHLLC |
FINANCE 101
Chris as Your Mortgage Broker will teach you all about Home Finance. He will begin with types of mortgages, then credit scores, and finally private mortgage insurance. Please, look over the materials below, discussing important finance information.
Thanks much. CHRIS HARKER. YOU CAN'T MISS
Mortgage Broker. Gulfside Mortgage WITH CHRIS.
Bonita Srings between Naples, Ft Myers Call him today! OK?
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TYPES of MORTGAGES
Adjustable-rate loans. After an initial number of years, the interest rate on an adjustable-rate mortgage (ARM) loan is re-set. This is to keep the rate in line with current market interest rates allowing the lender to earn a profit. But you get a lower interest for a few years. These loans are good for people who intend to keep their home for only a few years. A 3/1 ARM loan offers a fixed rate for the first three years, adjusting the rate once each year thereafter.
Fixed-rate loans. Because they offer a monthly payment that is known and does not change, fixed-rate mortgage loans are the most popular type. Most fixed-rate mortgages are for loan terms of 15 or 30 years, but terms of longer are now available. to make homes more affordable to lower income people. A 40 year loan has lower payments but a slightly higher interest rate
than a 30 year loan. A 30 year loan has lower payments but a higher interest rate than a 15 year loan.
GIVE CHRIS A CALL – LET’S DISCUSS HOME MORTGAGES,
AND START YOU ON THE ROAD TO HOME OWNERSHIP
YOU CAN'T MISS WITH CHRIS. Call him today! OK?
Avoiding Foreclosure by FreddieMac The last thing homeowners want to think about is losing their home. No one wants foreclosure, so learn about the foreclosure process to better avoid and solve problems. READ MORE HONEST HELP HERE |
