For years banks have sold us the traditional mortgage loan. You borrow the money, make monthly payments, and 30 years later, you might own your home. “Equity” or “mortgage offset loans” allow your income to be paid directly into your mortgage, interest is calculated daily which means your beating your mortgage down MUCH FASTER. All banks know about them, but don’t offer them freely, you have to ask for them. The banks say you may not be able to manage this which is patronizing and people are …
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Monday, December 21st, 2009Today’s Mortgage Rates: Which home loan is best?
Wednesday, September 9th, 2009Texas Mortgage Info: How your mortgage person structures your loan is more important than the getting a low rate. To get the lowest 30 year or 15 year fixed rate consider avoiding PMI (mortgage insurance) even though these loans have higher rates; they have lower payments.