Archive for October, 2010
posted October 27, 2010
Dallas Mortgage Refinance: Understanding Fixed Rate Mortgages
http://www.bankrate.com/finance/mortgages/understanding-fixed-rate-mortgages.aspx
Fixed-rate mortgages offer many advantages. These loans are a popular choice for homebuyers and homeowners who want to refinance and lock in a lower interest rate or secure a predictable monthly payment.
Here’s a summary of what you should know:
A fixed-rate mortgage is a home…
Read the rest
posted October 20, 2010
Dallas Mortgage Refinance: Don’t pay additional points to get LOW Dallas mortgage rates!
Chances are you’ll be charged additional points and fees for your mortgage rate if you go through a major lender. Currently, Bank of America is advertising 30-year fixed mortgage rates at 4.25% but… will charge you an additional 1.625%. Ouch!
It’s possible to get…
Read the rest
posted October 14, 2010
What in is a TIL (Truth in Lending) Statement and how is an APR (Annual Percentage Rate) Calculated? Why is the APR higher than the interest rate?
I’ve been a mortgage guy for over 7 years and one of the most common questions I get is “why is the APR different than the interest rate”?Â
Sometimes we even get to the closing office and the client mistakenly thinks their rate…
Read the rest
posted October 14, 2010
Dallas Mortgage Refinance: Mortgage Loan Servicing
Just who is servicing all those mortgage loans out there? Bank of America is #1 with $2.1 trillion (20% of the market). Wells Home Mortgage is #2 with $1.8 trillion (17% of the market). Chase has $1.4 trillion for about 13% of the market, Citi has about $700 billion for a 6% market share, and GMAC/Ally has about $300 billion for 3% of the…
Read the rest
posted October 14, 2010
Dallas Mortgage Refinance: BESTÂ Dallas mortgage rates with the LOWEST closing costs!
Interested in getting the best mortgage rates with the lowest closing costs? You can get good Dallas mortgage rates without paying addtional points. Most major lenders will charge you additonal points to get you that low mortgage rate. Currently, Bank of America is advertising
Read the rest
posted October 7, 2010
Dallas Mortgage Refinance: Mortgage refinance rates fall to fresh lows!
http://online.wsj.com/article/BT-CO-20101007-709130.html
Average mortgage rates continued their fall in the past week, with the average rates on 30-year fixed and two other loans setting a record low, Freddie Mac (FMCC) said Thursday. Rates have slumped for months because Treasurys yields have slid due to economic uncertainty. They resumed their retreat after increasing for…
Read the rest
posted October 6, 2010
Dallas Mortgage Refinance: Are you interested in refinancing? If so, here are today’s Dallas mortgage rates.
 Dallas mortgage refinance rates are still near record lows! Whether you’re interested in mortgage refinancing, a new home mortgage or a home equity loan, we’re available to help. We’re a local Dallas mortgage lender that’s been helping people all over Texas. We can offer you the…
Read the rest
posted October 1, 2010
Dallas Mortgage Refinance: Don’t pay additional points to get low Dallas mortgage rates!Â
Chances are you’ll be charged additional points and fees for your mortgage rate if you go through a major lender. Currently, Bank of America is advertising 30-year fixed mortgage rates at 4.25% but… will charge you an additional 1.125%.
It’s possible to get good…
Read the rest
