Home Loans -- The Hot New Product? The 30-year MortgageWritten by Charles Essmeier
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who simply want to invest their money elsewhere. So why is 30-year fixed-rate mortgage back in style? Because interest rates have dropped to their lowest point in fourteen months, and they are nearly as low as they were in summer of 2003, when they reached lowest point on record. In short, 30-year fixed-rate mortgage is not only seen as competitive with other types of loans, but it is actually seen as safer. Borrowers who have adjustable-rate mortgages enjoy their biggest advantage when rates are high, knowing that their interest rate is lower than a fixed-rate mortgage. But when interest rates for market as a whole reach historic lows, borrower with an adjustable-rate mortgage knows that their rate can only go up. At times like present, when rates are only likely to go up, converting an adjustable rate loan to a fixed-rate loan is a smart move. First-time buyers can safely take on a 30-year fixed-rate loan and be comfortable in fact that their rate will stay fairly low for duration of their loan.
Sometimes, way things have always been done turns out to be best. While there are still some buyers who will benefit from adjustable-rate loans, most borrowers would do well to lock in their loan at a fixed rate now. Historically, fixed-rate mortgages have rarely been under six percent, so obtaining such a loan while they are available is one of smartest moves a homeowner can make.
©Copyright 2005 by Retro Marketing. Charles Essmeier is the owner of Retro Marketing, a firm devoted to informational Websites, including End-Your-Debt.com, a Website devoted to debt consolidation information and HomeEquityHelp.net, a site devoted to information on home equity loans.
| | Can a Sales Leaseback arrangement make investing in Orlando investment more safe and reliable Written by Lisa Carson
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The typical resort earns its profits during high season to offset losses during low season. Finding a seasoned professional to manage your property during both high and low season is key to your financial success for both short and long term. As part of Sale Leaseback program only items paid for by Owner (lessor) are mortgage, insurance, taxes and utility deposits. This makes it easy for purchaser to acquire investment property in Orlando because challenges of managing investment properties are handled by Lessor. Items paid for by Lessee are Rent to Owner, Homeowner dues, Electricity, Telephone, Cable, Pest Control, Water and Sewer and maintenance. This makes it easy for buyer to purchase an Orlando investment Property. Upkeep of property, landscaping, and housekeeping is handled by Lessee. This makes investment property management almost turnkey. All these benefits make investing in Orlando Investment Properties a viable alternative to both first time and seasoned investors. Lisa Carson lcarson@biminibayresortinvestment.com http://www.biminibayresortinvestment.com
Sales Leaseback Expert
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