Archive for September, 2007
Making extra principal payments on monthly mortgage payments reduces the term of your loan. You can reduce a 30 year fixed mortgage down to about 24 years by making bimonthly payments.
Be careful though of some Bi-Weekly Mortgage Reduction Services and Programs
Many “Reduction” services and “Savings” programs charge fees just to make a bi-weekly mortgage payment […]
Mortgage Applications Rise; Rates Decrease
0 Comments Published by Bob Wert September 14th, 2007 in General Real Estate Info.Mortgage applications rose above 5 percent last week on a seasonally adjusted basis, despite a shortened Labor Day holiday week, according to the Mortgage Bankers Association weekly survey.On an unadjusted basis, the index decreased 16.7 compared to the previous week and was up only .01 percent compared with the same week a year ago.
The refinance […]
