Articles filed under Refinance

Articles filed under Home Mortgage Nashville

Should You Get A 15-Year Mortgage On Your Nashville Home Loan?

January 28, 2009

Should You Get A 15-Year Mortgage On Your Nashville Home Loan?
There are lots of financing options on your new mortgage, if you can meet the credit guidelines.
Most lenders prefer to use 30-year mortgage loans. With a longer loan term, the lender can collect more money in interest over the life of the loan. For those [...]

Nashville Home Loan: What Are The Closing Costs?

January 27, 2009

Nashville Home Loan: What Are The Closing Costs?
You’ve found the perfect Nashville real estate and the mortgage loan with the best interest rate you can find. What’s next in the home buying experience? Signing the contracts and paying the closing costs. But what exactly are closing costs? Here is a list of the most common [...]

Nashville Home Loan: Quick Tips for Getting Started on Your Refinance

January 26, 2009

Nashville Home Loan: Quick Tips for Getting Started on Your Refinance
When you refinance your existing mortgage, you are essentially paying off the existing mortgage debt and replacing it with a new loan. Many of the same costs are involved in refinancing a loan as are in first-time financing.
To start with, the lender will need personal [...]

Nashville Home Loan: Things You Should Know.

January 22, 2009

Nashville Home Loan: Things to Know Before Buying a New Home or Refinancing
Times are critical. The days when people just rushed into things just because they were billed cheap and affordable are gone. We are living in financially messed up times and every single investment you plan to make should be analyzed to establish its [...]

What is a Good Faith Estimate?

December 20, 2008

The Good Faith Estimate or GFE is an estimate of all the costs involved in purchasing or refinancing your property. Some items may vary depending on the title company your loan is closing at, the date it is closing, the size & type of property and other facts that are not known at this time.

These [...]

Nashville Home Loan: Quick Tips for Getting Started on Your Refinance

December 20, 2008

When you refinance your existing mortgage, you are essentially paying off the existing mortgage debt and replacing it with a new loan. Many of the same costs are involved in refinancing a loan as are in first-time financing.To start with, the lender will need personal information to verify employment for you and your co-borrower (if [...]

Nashville Home Loan: Five Reasons to Refinance Your Mortgage

December 20, 2008

There is an old adage in the mortgage business that states that if you can improve your interest rate by at least one percentage point, then it is a good time to refinance. While that may work as a general rule of thumb, the truth is that there are many reasons to refinance. Here are [...]

What is APR - Annual Percentage Rate?

December 20, 2008

The annual percentage rate, or APR, is a measure used to determine the true cost of a loan. Instead of a bank or lender telling that your rate is 6.5% with fees of $8,000, they’ll just say the annual percentage rate is 6.87% with those fees included.

The annual percentage rate was essentially created to prevent [...]

Understanding Your Credit

December 14, 2008

Although each credit reporting agency formats and reports this information differently, all credit reports contain basically the same categories of information. Your social security number, date of birth and employment information are used to identify you. These factors are not used in scoring. Updates to this information come from information you supply to lenders. Identifying [...]

Avoid Changes To Your Finances

December 14, 2008

Once your loan package has been sent to the lender, there are a number of things you should avoid doing that will change your financial picture. Remember, the lender is looking for stability and consistency. If you want the best interest rate, keep that in mind. Here are a few things to consider:The lender is [...]

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