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An Annuities Primer
Annuities are long-term investment tools for supplementing retirement income. There are no IRS-imposed annual contribution limits, and annuity earnings grow tax-deferred until the funds are withdrawn or paid out as income. Though popular among...
Earn $250,000 Annual Income In The Multi-Billion Dollar Self-Improvement Industry
Wealthy and ambitious people of the world often have attributed some "indescribable secret" as the key to their success. People who desire to attain success in their own lives have spent, and will continue to spend, millions of dollars to...
Finding a Great Advisor!
Get Your Free Small Business Consulting! Free small business consulting can be found in 23 government grant programs. These free business consultants will help you find funding and ways to expand your business and resources. One of these is the...
How to Start A Profitable Home Based Business
In these days, it's becoming increasingly difficult to make ends meet with just one source of income. Thus, more and more people are investigating the possibilities of starting their own extra-income business. Most of these part-time endeavors...
My Top Ten Tips For Selling Travel on eBay
Becoming a seller on ebay can be daunting. Becoming a travel seller can be impossible, unless you know the secrets. My tips on selling on eBay can apply to all categories of items, but some steps are unique to selling travel.
The travel...
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Knowledge is Power When Mortgage Shopping
Knowledge is Power When Mortgage Shopping
Knowledge is power when it comes to shopping for home mortgage loans. Shopping for the best rate doesn’t have to be frustrating provided you have the proper knowledge when comparing mortgage loans. Lenders love to play tricks in order to entice you to give them your business. However, when you compare loan programs it’s essential that you not only compare interest rates when choosing which lender to go with. For example a lender this afternoon offered me a rate of 5.625% fixed for thirty years with zero points. The loan sounded very good until he said there was a lender fee of $2,495 in addition to the credit report fee, government charges, local taxes, and appraisal and attorney fees. This particular lender said this fee was for the application and commitment fee. The loan amount was approximately $200,000 which was equivalent to almost a 1 point loan, (meaning 1 percent of the total loan amount). Therefore, the other lender that was charging 5.625% with a ½ point and a $395 application fee with no commitment fee was a much better deal. It’s essential to
request a good faith estimate and to compare all of the lenders offers side by side. The good faith estimate is an approximation of all of the fees associated with the loan. The good faith is required by law to be given to the potential borrower. Make sure to request one and to look at all the fees, because that low rate, may not be so low after all.
You may freely reprint this information on your website provided the following caption remains intact.
“This information courtesy of http://www.mortgagemoola.com Click here.”
John DiDomenico is the founder of Mortgage Moola who helps educate homebuyers and homeowners on their purchase and refinance needs via the http://www.mortgagemoola.com website. To find a home mortgage loan that best suits your needs visit http://www.mortgagemoola.com.
About the Author
John DiDomenico is the founder of Mortgage Moola who helps educate homebuyers and homeowners on their purchase and refinance needs via the http://www.mortgagemoola.com website. To find a home mortgage loan that best suits your needs visit http://www.mortgagemoola.com.
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