How Interest Rates Work?
Nations Choice Mortgage shows their interest rates prominently, but who knows how these rates actually work?
If you have a $200,000 mortgage for 30 years at, say, 7.5 percent interest, your monthly payment would be about $1,400. The question is: why the rate of interest at 7.5 [...]
Nations Choice Mortgage helps home owners lower their monthly mortgage payment by refinancing an existing mortgage. By refinancing you can save from paying a higher interest rate and therefore decrease your monthly mortgage payment. Like any major financial decision there are factors to consider while evaluating your options. Let’s take a look at the [...]
Why do we want you to know this? Because unlike our competitors, we have nothing to hide. We want you to know how to spot a trustworthy mortgage provider so you can circle back and choose Nations Choice Mortgage for your next home purchase or mortgage refinance.
All the dishonest tricks a mortgage provider may [...]
Good Faith “Estimates” And Understanding The Truth In Lending.
The Good Faith Estimate (GFE) was created to help you shop and compare the service costs of lenders. In practice though, it legally has loopholes that could cost you at your loan closing.
How? All the numbers on the GFE are “estimates”, subject to change right up to [...]
When Should You Refinance?
Refinancing an existing mortgage is an option that is often neglected by most home owners. The thought of going through the research and finding out if its right for your situation can be unappealing. What most families don’t realize is that if done correctly and with a good mortgage lender the [...]
With today’s low interest rates many existing homeowners are looking into their mortgage refinance options. Yet many still wonder “what is a mortgage refinance?” and more importantly is it right for you.
A mortgage refinance can be described as – a new loan to pay off your existing mortgage. Refinancing a mortgage therefore simply means [...]
When anybody considers purchasing real estate the first thing that comes to mind is how they are going to finance the purchase. There are a wide range of mortgage finance options from which you can select the most suitable option for your specific situation. It’s very important for anyone who is evaluating a [...]
Nations Choice Mortgage wants to help you buy your first home! It’s time to stop renting. When you rent a home, your hard earned money is going to someone else to pay their mortgage. Buying your first home is the most important investment you can make. In most scenarios, people who buy a home actually [...]