Mortgages
Points equal up to 1% of your loan and are paid at the beginning of your loan. The more points paid, generally the lower the interest rate. Find out more about the mortgage that would be perfect for you and your home. Apply online to contact up to four lenders.
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Bad Credit Refinance
You can also refinance a larger amount than you need to fund a major purchase at a low interest rate, such as a new car or college tuition. Fill out our free short form today to contact lenders about bad credit refinancing.
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Home Equity
A home equity line of credit is like a home equity loan in that the house is used as collateral. However, home equity lines of credit allow borrowers to set up a credit line that can be used much like a credit card. During a period of time, usually five to ten years, the homeowner is able to take large or small amounts from the account until the drawing period ends or the amount of the loan is exhausted. This type of loan is an adjustable rate mortgage, which varies with the market.
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Land Loan
For a land loan, the building company is expert on what kind of property can feasibly be built where. A good builder will provide all of the necessary tests of the land to ensure that it will past muster when put under the scrutiny of a lending institution. Often this added work involves soil sample testing and reviews of zoning laws that apply to the area. All types of qualifications must be met before a lending firm will back the loan.
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Mortgage Calculation
Mortgage calculation can help you foresee any snags that could occur in the future and also help you double check that the repayment schedule makes sense. Some borrowers have fallen prey to loan terms that cause negative amortization. Negative amortization occurs when the monthly payments of a loan do not adequately pay off the principal and accruing interest. In this case, the outstanding balance will increase instead of decreasing as you make your monthly payments. When this happens, it is generally with dishonest and, perhaps, questionable lenders. Though the odds are against this happening to you, it is a good idea to be aware of negative amortization and to take an interest in the make of your mortgages amortization.
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Mortgages Online

Other basic but important terms to understand are:

• Principal is the amount borrowed (on which interest acts) which is repaid monthly
• Amortization is the process of repaying the amount borrowed through monthly payments of principal and interest.
• Negative amortization is when the monthly payment is not high to adequately pay the loan off. In this case interest builds too quickly and the principal grows instead of decreasing. This can occur because of lender scams or because of monthly payment caps.
• Equity is the value of your house left over after subtracting the total of your mortgage. If your house has a market value of $130,000 and a mortgage of $100,000, the equity is $30,000.
• An index is used to determine the rate on an adjustable rate loan. For some loans this rate may be the Prime Rate or the average rate of a one year Government Treasury Security.