Real Estate Finance Strategy that Few People Consider
If you are considering a new home loan anytime soon, and you do not want to get an adjustable rate mortgage (remember, ARMs are very strong loans), you should consider a 2/1 buydown.
This is a great mortgage program for people who require a smaller payment now, knowing that they will have more money in the following years.
Here's how it works.
You pay an additional premium on your loan amount to get a 2 percent improvement on the rate. So, if the 30-year fixed rate mortgage is 6 percent, you will get a rate of 4 percent in the first year of your loan. In the second year, your rate will go up one percent to 5 percent, and in the third year, your rate will increase to the rate it was when you locked in your loan, the 6 percent in this example.
Then, it will remain fixed at that rate, until you pay it off, sell or refinance.
For people afraid of adjustable rate mortgages, this is a very powerful loan. It's also great for people buying their first home or for newlyweds, who think they have to rent, before buying. Remember, there are many ways to get into a home. This program is one of them.
Mark Barnes is the author of the new novel, The League, the first work of fiction, based on fantasy football. He is also an investment real estate and home loan finance expert. Learn more about this suspense thriller at http://www.sportsnovels.com. Get his free mortgage finance course at http://www.winningthemortgagegame.com
 Google News Updated : Sat, 30 Aug 2008 00:25:40 GMT Microwave baby killer convicted - BBC News
BBC News - A US court in Dayton, Ohio, has convicted a mother of murdering her one-month-old daughter by burning her to death in a microwave oven. Video: Prosecutor: Ohio Mom Killed Baby in Microwave US jury convicts mom in microwaved-baby case Publ.Date : Fri, 29 Aug 2008 20:30:22 GMT Aid agencies scramble to help flood victims - CNN
CNN - (CNN) -- The grinding misery triggered by the massive floods in a downtrodden part of northeastern India and across the border in Nepal persisted Friday, with government and aid agencies swinging into action to help the 2 million-plus people fleeing ... India: Up to 2000 feared dead in Bihar floods Millions displaced in Bihar floods Publ.Date : Fri, 29 Aug 2008 23:45:57 GMT Boeing union leaders recommend strike - MarketWatch
MarketWatch - By MarketWatch Leaders of the International Machinists and Aerospace Workers on Friday rejected Boeing's third and final contract proposal and recommended its workers vote to go on strike. Union Leaders Reject Boeing Contract Offer Boeing Union Urges Workers to Reject Offer, Setting Up Strike Publ.Date : Fri, 29 Aug 2008 23:15:15 GMT Protests Rise in Thailand In Challenge to Regime - Wall Street Journal
Wall Street Journal - By JAMES HOOKWAY and STEPHEN WRIGHT BANGKOK -- Waves of antigovernment protests spread beyond Thailand's capital Friday as clashes between police and demonstrators intensified, forcing the closure of several regional airports and disrupting rail ... Thai protest alliance not so happy with democracy US asks Thailand to end crisis through democratic means Publ.Date : Fri, 29 Aug 2008 22:33:23 GMT US Economy: Spending Slows, Inflation Accelerates (Update1) - Bloomberg
Bloomberg - By Shobhana Chandra Aug. 29 (Bloomberg) -- US consumer spending grew at a slower pace in July as the impact of the tax rebates faded and a pickup in inflation eroded Americans' buying power. Bonds fall on mixed economic reports Consumer spending flags, but confidence rises Publ.Date : Fri, 29 Aug 2008 18:25:06 GMT Earwax: Too Much of a Good Thing? - WebMD
WebMD - By Kelley Colihan Aug. 29, 2008 -- The body is a miraculous mechanism. Consider the once-lowly earwax. People used to try to remove it. Leave That Ear Wax Alone National Guideline Against Ear Poking Publ.Date : Fri, 29 Aug 2008 18:32:14 GMT Obama’s Plane Palin Problem - FOXNews
FOXNews - by Major Garrett Reporters covering Barack Obama heard the news aboard Obama 1 (the campaign for the first time chartered a second plane for the swelling press corps), just before takeoff. Video: Raw Video: Schwarzenegger Praises Palin “Tougher in Alaska” host Geo Beach discusses Sarah Palin Publ.Date : Fri, 29 Aug 2008 22:07:29 GMT Amazon Tool |
PARLOT::Ebooks, Scripts,
Websites, and more... When you refinance your home mortgage, lenders often tempt you... Read More If you're looking for the best home improvement loan for... Read More If you're looking for a cheap homeowner loan, you might... Read More One of the most important steps in the home buying... Read More Shakespeare once said about human nature 'with nothing shall be... Read More If you are among the millions with less than perfect... Read More There was a time that seems like decades ago when... Read More Once you've purchased your home, you will begin to get... Read More Obtaining a home loan is arguably the most expensive transaction... Read More Whether you are a first time home buyer or a... Read More Obtaining a home equity loan does not have to be... Read More Finding the right buy to let mortgage is crucial to... Read More Online real estate mortgage loans enable borrowers to be sure... Read More If you in the process of looking for your first... Read More Mortgage refinancing is when you take a mortgage of a... Read More Refinancing your mortgage after bankruptcy is actually the same as... Read More Have you ever heard of a mortgage broker before? If... Read More With mortgage rates near 20-year lows, competition in the mortgage... Read More If you are looking to refinance in New York, it... Read More You're considering refinancing your home mortgage loan to save money.... Read More There are many types of mortgages, and the more you... Read More When looking for a mortgage to meet your needs, consider... Read More A house is just that, a house, until someone lives... Read More Rising home prices, particularly on the East and West coasts... Read More Are you wondering if you can get approved for a... Read More
Adsense
websites
Home Mortgage Refinancing - Things to Consider When Looking to Get Cash Out on a Refinance
How to Find the Best Home Improvement Loan
How to Get a Cheap Homeowner Loan
Why Get Pre-Approved For A Mortgage?
Remortgage Debt Consolidation - The New Recourse For Credit Crunch
Bad Credit Home Loans - Pre-Approval is Still Possible With Adverse Credit History
Bad Credit Home Loans
A Mortgage and Bank Trick You Should Avoid at All Costs
How To Save Money On Your Mortgage
Save Yourself from Homebuying Disasters
Home Equity Loans - 5 Useful Application Tips
Buy to Let Mortgages
Real Estate Mortgage Loans Online
Buying a New Home ? Home Buying Tips
Should You Refinance Your Mortgage if Interest Rates Drop?
Refinance After Bankruptcy
What Exactly is a Mortgage Broker and How Can He/She Help You Save Thousands on Your Mortgage?
Mortgage Cycling ? Brilliant or Risky
New York Refinance - Refinancing in New York
Refinancing Your Home Mortgage Loan
How to Compare Fixed Rate Mortgages and Adjustable Rate Mortgages
Adjustable Rate Mortgages Offer Alternatives For Home Buyers
Buying a House or a Home?
Interest-only Mortgages Have Their Pitfalls
Zero Down Mortgage Loans - Is 100% Financing a Good Idea and Can You Get Approved?
Affordable and Reliable Web Hosting Starting at $4.49/Month
Securing a Cheap Home Improvement Loan
Finding a cheap home improvement loan can be a challenge... Read More
Home or Investment Property Equity: Be Sure the Bank Gives You All that You Deserve
Home equity is your own personal money machine. If you... Read More
Decision Time: Home Equity Loan or Home Equity Line of Credit?
Home equity loans and home equity lines of credit continue... Read More
How To Turn Disadvantages Of A Reverse Mortgage To Your Advantage
When it comes to a reverse mortgage, wise consumers weigh... Read More
Mortgage Terms Explained
When you are hunting for a mortgage, you will find... Read More
Secured Loans For Home Improvement ? When You Can?t Buy A Luxury Home
A house is just perfect with chipped walls and broken... Read More
First Time Home Buyer Loans Made Easy
When it comes to firsttime home buyer loans, a little... Read More
Mortgage Refinance - Tips to Help You Cut Fees and Costs
Saving money through a mortgage refi is more than just... Read More
What is a Flexible Mortgage?
'Flexible mortgage' is a term that's used a lot, but... Read More
Little Known Secret: Eliminate your Mortgage in 23 years or less!
Wanna know a little secret? There is an ingenious method... Read More
Helpful Mortgage Advice
Mortgage advice overwhelming you? Many people get advice from everyone... Read More
Secured Loans ? Making the Most of Your Home as Collateral
My visit to the lender was interrupted with my wife... Read More
Are You Ready for a Home Mortgage Loan?
Buying a Home and committing to a Mortgage can be... Read More
Sell Your Home and Invest at the Same Time
I continue to see the same For Sale signs in... Read More
Refinance Home Loan and Refinance Home Loans
Refinance home loan lenders are eager to lend money to... Read More
How Not To Be Ripped Off By Mortgage Brokers
One of the things that bothers me about the mortgage... Read More
Home Equity Loans
A home equity loan allows you to cash-in on the... Read More
Home Loans and Mortgages ? The Selection Can Be Bewildering
For years, when someone wanted to purchase or refinance a... Read More
Home Equity Loans Categories
Fixed Rate Mortgages: These loans have a fixed rate of... Read More
Reverse Mortgages Learn The Facts First!
Reverse Mortgages, Most Common Features:Many offer special appeal to older... Read More
The Top 5 Things You Must Know Before Applying for a Mortgage
You've been thinking about buying your own home for quite... Read More
Mortgage Pre Approval - Getting Pre Approved For a Home Loan Online
A pre-approved mortgage is a must in a competitive housing... Read More
Mortgage After Bankruptcy
Most people probably assume that obtaining a mortgage to purchase... Read More
Mortgage ? What, Why, When, and How?
What is a mortgage? Here's what The New Merriam ?... Read More
Mortgage Refinancing Companies -- Choosing The Right One
Searching for a mortgage refinance company can be a daunting... Read More
Mortgage Refinance |