Is a 30 year fixed rate mortgage loan right for you? What is the advantage of a 30 year fixed rate mortgage? 30 year fixed rate mortgages offer security even if you plan to sell or refinance your home after a few years. Watch this Expert Real Estate Tips segment and learn all the advantages of a 30 year fixed rate mortgage loan. Play video
Advantages to Choosing 30 Year Fixed Rate Mortgage Loans
Is a 30 year fixed rate mortgage loan right for you? What is the advantage of a 30 year fixed rate mortgage? 30 year fixed rate mortgages offer security even if you plan to sell or refinance your home after a few years. Watch this Expert Real Estate Tips segment and learn all the advantages of a 30 year fixed rate mortgage loan. Play video
Estimating Mortgage Fees
Mortgage loan borrowers should expect to pay mortgage fees between 1% and 2% of the mortgage loan amount. Mortgage fees depend on the mortgage loan amount, mortgage loan type, interest rates and when in the month you closed on your home. Watch this Expert Real Estate Tips video for more information about mortgage loan fees and how to estimate other costs associated with mortgage loans. Play video
What is a Fixed Rate Mortgage?
What is a fixed rate mortgage loan? A fixed rate mortgage means the borrower has the same monthly payments on the mortgage every month. Fixed rate mortgages are repaid within a specific time frame (10, 15, 20 or 30 years). Watch this Expert Real Estate Tips segment for all you need to know about fixed rate mortgages. Play video
Mortgage Brokers and Their Fiduciary Responsibility
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Do mortgage brokers have a fiduciary responsibility to their clients? Mortgage brokers are paid to represent the best interest of their client. Mortgage brokers have a duty to take care of their client and help them in the biggest debt of their lives, the acquisition of a new house. Watch this Expert Real Estate Tips segment for more information on a mortgage broker's fiduciary responsibility to their clients. Play video
Home Mortgage: The Balloon Loan
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A home mortgage with one larger payment at some point is called a balloon loan. This type of mortgage is usually on a second mortgage. With these mortgage loans, most people will sell or refinance before the balloon payment is due. Watch this Expert Real Estate Tips video about these special mortgages and find out if a balloon loan is right for you. Play video