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Rockland County Mortgage Professionals Ask: "Is There Such a Thing As Good or Bad Mortgage Loans?"
Recently, the mortgage industry as a whole has come under fire for writing, selling and purchasing what many have classified as "bad" loans. This article posits that loans in and of themselves are inherently neutral. It is, instead, the application of these loans to circumstances of individual borrowers that have either positive or negative results.
Rockland County Mortgage Hints - When Is an Interest Rate of 5 Percent Actually 5 Percent?
Many are under the common misconception that the interest rate on a mortgage loan is what it says on the Note that they sign. In fact, the actual interest rate, or effective interest rate, is slightly more complicated to determine. It is, nonetheless, an extremely important factor when comparing one loan product to another. One's decision should be made with this in mind.
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