What Exactly Is A “No-Cost” Refinance?
November 10, 2009 You probably see ads all the time for “No-Cost Refinancing”, but what exactly is it and how do some lenders offer it and some don’t? The truth is, all lenders can offer it and...
View ArticleWhy You Get A Better Deal Through A Mortgage Broker Than Directly From a Lender
November 10, 2009 Ever wonder why you can get a better deal going through a mortgage broker than you can if you go directly to a lender? After all, the mortgage broker just turns around and sells it...
View ArticleHigher Rate, Lower Fees or Lower Rate, Higher Fees?
November 10, 2009 Ever wonder why there is such a disparity from lender to lender when it comes to rates and fees? It really comes down to two things, marketing and their compensation. You see, most...
View ArticleAPR…Annual Percentage Rate or Another Phony Rate?
November 10, 2010 One of the worst ways to compare loans, in my opinion, is to shop the “APR” or Annual Percentage Rate. The APR is an expression of the effective interest rate that will be paid on a...
View ArticleAre Points Tax Deductible?
February 5, 2010 If you have ever taken out a mortgage, you probably already know of the tax advantage provided by deducting your mortgage interest payments. But many homeowners overlook another tax...
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