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CLOSED MORTGAGES / FIXED RATE MORTGAGES
The expression 'closed mortgage' originates from the 1980's when this type of mortgage was literally 'closed'. You contracted to the lender to make your payments for the term chosen, you could not pay anything additional, nor could you pay off the entire amount for any reason except the sale of your property. These days, there are many ways to pay down your mortgage principal quicker... : CLOSED MORTGAGES / FIXED RATE MORTGAGESThey call them flippers
They call them flippers Buy. Sell. Profit. Repeat. Investors are flipping houses to build wealth. Here's what you can learn. March 14, 2005: 5:16 PM EST By Jon Birger, MONEY Magazine NEW YORK (MONEY Magazine) - In the 1990s, Flippers were stock jockeys who finagled their way into initial public off... : They call them flippersHaysWire: Endurable durables?
An endurable durables report? Sure, there's things to be concerned about in the latest data, but it may not all be bad. April 27, 2005: 12:32 PM EDT NEW YORK (CNN/Money) - Durable goods orders is one of the most volatile series of numbers the government puts out each month. It often swings wildly higher and then wildly lower, and often it's the b... : HaysWire: Endurable durables?Mortgage delinquency help
Q: My mortgage broker said that my credit score was poor (and the interest rate I had to pay was high as a result) because of a number of credit card delinquencies I had during the last year. So I paid off all the delinquent accounts and consolidated the remaining balances into 2 cards. But when I reapplied, my score was lower rather than higher! What is going on? ------------------------------------------------------------------------------ A: Delinquencies reduce your credit score... : Mortgage delinquency helpClosed Mortgages
In a closed mortgage, the interest rate is locked in for the full term of the mortgage and you must pay compensation, known as pre-payment charges, to the mortgage lender to renegotiate the interest rate or pay off the balance prior to the end of the term. Closed mortgages are usually the better choice for buyers who suspect that interest rates may be on the rise and for those who are not planning to move in the short term. They are often considered ideal for first-t... : Closed MortgagesFor more information about fixed rate mortgage: Best site for adjustable rate mortgage
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