Homebuyers often have to face the dilemma, whether to get a Fixed Rate Mortgage (FRM) or Adjustable Rate Mortgage (ARM). On one hand, are the cost savings offered by ARM; on the other, is the financial security assured by FRM. As the name suggests, Fixed Rate
Homebuying can be a daunting task not only because it involves such complex decisions, but also because there’s a lot of misinformation circulating about mortgages. Such myths and misconceptions impede potential homebuyers in their decision making process. Even the most knowledgeable homebuyers give in to
U.S. housing market is witnessing a fall in the mortgage rate consecutively for 6 weeks. Now when interest rates are at a new low, foreclosure home inventory is surging like never before. As per foreclosure report of RealtyTrac for Jan’14, 1 in every 1,058 homes