Below are the 2 most recent journal entries recorded in mariamorris324's InsaneJournal:

Saturday, December 31st, 2011
10:07 pm	15 year fixed mortgage If you are one of the three quarters of yankee homeowners that are not currently upside down on your mortgage, and are considering refinancing your present mortgage, you should look at a 15 year fixed interest rate mortgage before locking inside a Thirty year fixed loan. Here are 3 good reasons the 15 year mortgage continues to be creating a comeback in this downturn in the economy. Mortgage Temecula Record low interest rates When refinancing from the 7.00% interest rate amortized over 3 decades towards the 3.26% interest rate (September 17, 2011 rate based on HSH.com) over only Fifteen years, the usual spike within the monthly payment is absorbed in the drastic rate cut. When you compare today’s 15 year interest rate towards the 30 year rate just Four years ago, oftentimes a borrower can pay half the rate interest by switching to the present 15 year fixed loan. More incentive from banks Even if comparing the present 30 year fixed to the current 15 year fixed, one can save big around the interest rate by selecting a the 15 year option. Based on the December 28, 2011 Bankrate.com interest rates, they're offering a Thirty year fixed at 3.98% and the 15 year fixed interest rate loan at 3.28% interest. That's a savings of just about .7% rate of interest. When considering the fact that a bank will make much less in total interest received on a 15 year fixed over the standard 30, even if the interest rate were exactly the same, why then would the incentivize the 15? The name of the game for banks these days is liquidity. With a 15 year fixed mortgage, a bank can still create a great profit and also have their initial investment back in half the time to reinvest. This shorter term keeps the bank liquid and in a position to transfer to future investments. Hard Money California Get rid of your house payment The recent real estate bust has given Americans good reason to take a detailed take a look at their financial exposure and limit it where they can. Many property owners now begin to see the advantage of paying off the balance of their mortgage early, and then while using money they'd be shelling out for their home to invest or save. On average, the 15 year loan helps you to save homeowner just under $97,000 in interest per $100,000 borrowed over the life of the loan. As interest rate are not likely to be this low in our lifetime again, it might be a good idea to consider the loan program that would match your current and long term financial needs best. (Comment on this)
10:05 pm	15 year fixed mortgage If you are one of the three quarters of yankee homeowners that are not currently inverted in your mortgage, and therefore are considering refinancing your current mortgage, you should look at a 15 year fixed interest rate mortgage before locking in a Thirty year fixed loan. Here are 3 good reasons the 15 year mortgage has been making a comeback in this economic downturn. Mortgage Temecula Record low interest rates When refinancing from the 7.00% interest rate amortized over 3 decades to the 3.26% interest rate (September 17, 2011 rate based on HSH.com) over only 15 years, the typical spike in the monthly payment is absorbed within the drastic rate cut. When comparing today’s 15 year interest rate to the 30 year rate just Four years ago, oftentimes a borrower can pay half the speed interest by switching to the present 15 year fixed loan. More incentive from banks Even when comparing the present 30 year fixed to the present 15 year fixed, it's possible to spend less around the interest rate by choosing a the 15 year option. Based on the December 28, 2011 Bankrate.com interest rates, they are offering a Thirty year fixed at 3.98% and the 15 year fixed interest rate loan at 3.28% interest. That's a savings of almost .7% rate of interest. When considering the fact that a bank will make much less as a whole interest received on the 15 year fixed within the standard 30, even if the interest rate were the same, why then would the incentivize the 15? The name of the game for banks these days is liquidity. Having a 15 year fixed mortgage, a bank can still create a great profit and also have their energy production in half the time to reinvest. This shorter-term keeps the bank liquid and able to transfer to future investments. Hard Money California Eliminate your home payment The recent property bust has given Americans valid reason to consider a close take a look at their financial exposure and limit it where they are able to. Many property owners now see the advantage of paying off the balance of the mortgage early, and then while using money they would be shelling out for their home to get or save. Normally, the 15 year loan helps you to save homeowner just below $97,000 in interest per $100,000 borrowed within the life of the borrowed funds. As interest rate are not likely to be this low in our lifetime again, it would be a good idea to think about the loan program that will fit your current and long term financial needs best. (Comment on this)