By Jack Guttentag The Mortgage Professor, Chairman of Upfront Mortgage Brokers Association April 24, 2012 “I refinanced last year and negotiated the fee I paid the mortgage broker. Now, I want to refinance again to take advantage of lower rates, and my broker tells me that

By Sharon Lowry Your mortgage professional should meet the following qualities in order to provide you with the best mortgage financing advice & experience.  Your mortgage professional’s job is to provide you with the best financing experience possible.  This includes finding the right loan for

By Fred Glick Appraisals continue to be a hinderance for purchases and refinance transaction ever since the implementation of the Home Value Code of Conduct. As of May 2009, the federal government, Fannie Mae and Freddie Mac required that an appraisal be ordered through a

By Michael Dolan The standard guideline for loans is that you need enough cash to close the transaction sitting in your Savings or Checking account for two months.  For a refinance, that may mean a few thousand dollars.  For a purchase, it usually means 20%

This calculator shows the costs and benefits of paying points to reduce the rate on an ARM, and the minimum period they must hold an ARM before it makes sense to pay additional points (the “break-even period”). This calculator is for borrowers who want to know whether they will save or lose money over a specified period by paying points in order to reduce the interest rate on an ARM.