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This type of mortgage vehicle gives the borrower the benefit of a low initial rate with the option to refinance to a fixed-rate mortgage at about half the typical refinance cost.

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What are the advantages offered by the Chattel mortgage package?

The Chattel mortgage package offers competitive rates, which is their main advantage. They also have a range of flexible mortgage packages which may be an advantage.


How can I take advantage of the FHA mortgage insurance reduction for my existing mortgage?

To take advantage of the FHA mortgage insurance reduction for your existing mortgage, you can contact your lender to inquire about refinancing your loan under the new guidelines. This reduction may lower your monthly payments and save you money over time.


What are the advantages of using independent mortgage brokers?

The main advantage to using a independent mortgage broker is the fact he does all the hard work involved in finding the right mortgage and payments to suit your budget. Another advantage is that they may know lenders that you don't know about.


What are the benefits of refinancing your home?

Refinancing your home may give the advantage of lowering your current mortgage or reducing your monthly mortgage payments allowing you to pay off your existing mortgage quicker than anticipated.


What services does the site Mortgage Direct offer?

Mortgage Direct offers Mortgage Loans and Reverse Mortgage Loans. Direct Mortgage contracts with hundreds of lenders to find you the best rate. The one advantage of an online Mortgage company is that you get your request results immediately. Applications are down online and there is even a Live Chat available if your have questions.

Related Questions

How can a new homeowner use an endowment mortgage to their advantage?

There are many ways that a homeowner could use an endowment mortgage to their advantage. The biggest advantage is to be able to make less mortgage payments.


What are the advantages offered by the Chattel mortgage package?

The Chattel mortgage package offers competitive rates, which is their main advantage. They also have a range of flexible mortgage packages which may be an advantage.


How can I take advantage of the FHA mortgage insurance reduction for my existing mortgage?

To take advantage of the FHA mortgage insurance reduction for your existing mortgage, you can contact your lender to inquire about refinancing your loan under the new guidelines. This reduction may lower your monthly payments and save you money over time.


What is the main advantage to accessing a mortgage calculator?

The main advantage to accessing a mortgage calculator is so one can accurate gauge how much money one would have to deposit for a house and what houses are in their budget.


What are the advantages of using independent mortgage brokers?

The main advantage to using a independent mortgage broker is the fact he does all the hard work involved in finding the right mortgage and payments to suit your budget. Another advantage is that they may know lenders that you don't know about.


What are the benefits of refinancing your home?

Refinancing your home may give the advantage of lowering your current mortgage or reducing your monthly mortgage payments allowing you to pay off your existing mortgage quicker than anticipated.


What services does the site Mortgage Direct offer?

Mortgage Direct offers Mortgage Loans and Reverse Mortgage Loans. Direct Mortgage contracts with hundreds of lenders to find you the best rate. The one advantage of an online Mortgage company is that you get your request results immediately. Applications are down online and there is even a Live Chat available if your have questions.


What is the difference between a convertible bond and a convertible debenture?

A convertible debenture is a type of convertible bond. However, a debenture is unsecured debt, which means that there is no collateral for the bond. The alternative to a debenture would be a secured bond such as a mortgage bond that would be secured by real estate. If the company goes out of business, the collateral for the secured bonds would be used to pay off those bonds and the holders of the debentures would be paid from whatever is leftover. Most convertible bonds are debentures.


What is the advantage of getting FHA mortgage rate for a home?

The advantage of getting an FHA mortgage rate on one's home is that one does not need a perfect credit score. One is also able to put down a low deposit, sometimes as low as 3 percent.


How can one get information on Nationwide Advantage mortgage?

Information about Nationwide Advantage can be found on the company's official website. By navigating to their website, information can be gathered about their product and policies.


Who may wish to take advantage of the HECM reverse mortgage?

The term HECM means Home Equity Conversion Mortgage. Unlike other reverse mortgages the HECM is a reverse mortgage for seniors that follows all of the guidelines of FHA and HUD.


What are the benefits to a fixed mortgage?

A fixed mortgage has a huge advantage over a variable rate mortgage because you can be sure that your rate is not going to suddenly go up by a large amount unexpectedly. It is definitely the preferred safe and secure way to go.