Home Mortgages, 15 & 30 year fixed, ARM Loans

Home Loans (Mortgages), Home Refinance,
Equity Lines of Credit
(See below for Sources)

loans for mortgages, arm, 30 year fixed loans, 15 year fixed loans

Home mortgages and home refinancing will likely be a part of your life if you intend on buying a home. Buying rather than renting has the advantage of tax deductions and investment value which is not possible when you rent.

ARM loans can be a better choice if you plan on moving within a couple years or so. If you are planning to stay in your home for many years, a fixed rate mortgage is usually better. Fixed rate mortgages also offer a stable APR and come in 15, 30, and sometimes 20 year mortgages.

If you already have a home loan, refinancing your home under a new loan with a lower APR can save you hundreds a month for your mortgage payment. In some instances, it's possible to cut your mortgage from a 30 year fixed rate mortgage to a 15 year fixed rate mortgage and not increase your monthly payment. The advantage is you save significantly on the Interest charges and pay off your home in half the time. This is very possible if you originally filed for your mortgage when rates were high and the current rates have dropped significantly.

Com p are Mort g a g e Rates Calculator >

Applying For The Right Mortgage or Home Refinance Loan
	Your credit history is:	Mortgage/Refinance mainly for use by people with:
	Excellent - None	poor or no credit history, other credit welcome.
	Excellent - Poor	poor credit history, other credit welcome.
	Excellent - Average	average to excellent credit history.
	Excellent - Good	good to excellent credit history.
	Excellent	excellent credit history.
	Full credit range	Loans tailored to credit history.

[Company: n/a]
Home Mortgages
Quick and easy online mortgage applications for good and bad credit individuals. If you have had trouble getting a mortgage in the past, now you can realize your dreams of owning your own home. [44 See above and below for sources]

Full credit range

Mortgage Sense

It's a good idea to refinance your home when the APR offered is at least 1.5% lower than what your current home mortgage APR is. If there are 2 or more closing points attached to the loan, then a 2% difference is preferable (i.e. if your current home loan is at 8.375%, you would want to find a loan at 6.375% or less if there are 2 or more points for closing). You can pay off the points up front or roll them into your loan. Don't forget to report the points on your IRS tax filing—they are deductible.