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First Home Mortgage
Buying your first home is really
exciting , but you need to know a lot about what you are committing to, and how you
will be able to afford your home. You need to do some serious homework, but this
is relatively easy, as there are many mortgage companies who will help you to keep
informed about mortgages and home buying.
There are two basic types of loans, fixed rate loans and adjustable rate mortgages
(ARMs). Fixed rate loans give you a fixed interest rate for the life of your mortgage.
You have a choice of 10, 15, 20 and 30 year periods for the loan, but most people
choose 15 or 30 years. These mortgages are good if the interest rate is low when
you take out your mortgage, and you plan to stay in the house for at least 5 years.
Adjustable rate mortgages have variable rates over the life of the mortgage. There
are a variety of different mortgages under this category, some of which have fixed
interest rates for periods of the mortgage, for instance for the first five years,
and then the interest rate will be adjusted according to a specific index such as
Treasury bills. This can be useful if you expect your income to increase dramatically
in the future, or if you are planning to move in the first five years.
Whichever kind of mortgage you choose, do your homework and make sure that you understand
how much your total monthly costs for your mortgage are going to be.
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partners: |
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GuideToLenders
 You
found the perfect home -- now you need the perfect loan. Imagine having the best
mortgage lenders competing for your business. At GuideToLenders.com, up to four lenders
will provide you with the best rates and options available. Whether you have excellent
credit or have declared bankruptcy, our lenders are eager for your business. Different
types of first mortgages offered are 30-year fixed, 15-year fixed, adjustable rate,
and interest only. It takes less than a minute to apply, so get started right now.
>Request for more
information today. |
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MoneyNest
MoneyNest can help you search through hundreds of lenders and to find the most competitive
rates. Get loans for mortgage refinancing, second mortgages, a home equity line of
credit, home improvement, or debt consolidation. No fees are required and all credit
histories are considered. Fill out a single application and get up to 4 FREE quotes.
>Request for more information today. |
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Countrywide
Home Loans
Qualified homeowners -  even those with less-than-perfect credit
- may now access their home's equity to get cash, consolidate debts, and lower monthly
expenses. Countrywide Home Loans may also help applicants who are self-employed or
have high consumer debt. We offer competitively priced home loan programs, including
fixed rate, adjustable rate, refinance and home equity loans.
>Contact us today
for a free loan consultation. |
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Our featured partner for Investment
Assistance:
I NVESTools
The advantage of having an easy-to-follow, step-by-step investing process with easy-to-use
Web-based tools is that you rely on facts to make decisions - not emotions. The benefits
are less stress, better results and, dare we say it, fun.
> Request more information
today |
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