Buyers Shouldn’t Dismiss All ARMs

Potential home buyers in search of a mortgage are wary of all kinds of adjustable rate loans these days, but hybrid ARMs can be really good deals even in these times of historically low interest rates, some lending experts insist. Hybrids are “a great product at a great rate,” says Christopher Cruise, a mortgage broker […]

by Nia Knowles
May 8, 2009
Mortgage 411

Can You Still Buy Without a Fixed Mortgage?

Buying a house doesn’t necessarily require getting a 30-year, fixed-rate mortgage. More and more people are exploring alternative financing plans as it gets harder to get a conventional bank loan. Here are some creative ways to pay for a home, according to some financial experts: Securities-backed loans. The lender gives the borrower 80 percent of […]

by Nia Knowles
January 27, 2009
Mortgage 411