No Fee Mortgages Coming Soon

Written by Charles Essmeier


Continued from page 1
real estate market has prompted increased competition among lenders. Droppingrepparttar itemized fees from first mortgages isrepparttar 140054 latest attempt by several large banks to try to stay ahead ofrepparttar 140055 competition. The fees, some of which are nothing more than added-in profit, will still exist. It just isn’t possible to obtain a mortgage without a credit check or an appraisal ofrepparttar 140056 property. Whatrepparttar 140057 “no fee” mortgages offer is an interest rate that is slightly higher thanrepparttar 140058 standard mortgage. The fees are simply rolled intorepparttar 140059 total price, andrepparttar 140060 borrower has a much simpler set of paperwork at closing. Lenders think that by streamliningrepparttar 140061 process, overall costs can be lowered, andrepparttar 140062 savings can be passed on torepparttar 140063 customer.

Those interested in purchasing a home with a “no fee” mortgage should ask around, as several large national banks are offering them now. Be aware thatrepparttar 140064 name is a bit of a misnomer; “hidden fee” would probably be more accurate. Still,repparttar 140065 process is simpler with a “no fee” mortgage, and there is definitely less “sticker shock” at closing time.

©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.


Does the Moon Have Covers?

Written by Kemberly Wardlaw


Continued from page 1

According torepparttar 2001 book entitled Are You Normal About Money? by Bernice Kanner, seventy-two percent of mutual fund investors never readrepparttar 140053 accompanying prospectus. I admitrepparttar 140054 literature can be boring, however it can be extremely insightful as well. Look atrepparttar 140055 portfolio holdings and determinerepparttar 140056 primary sector allocations. You will also develop a good idea ofrepparttar 140057 fund's turn-over ratio by readingrepparttar 140058 prospectus.

You should be aware ofrepparttar 140059 driving forces behind all your funds' returns. Are your funds allocated in strong positions and equally strong sectors? Or, isrepparttar 140060 money manager hanging ontorepparttar 140061 dreams and ideas of yesterday, hoping that six-dollar stock will return to eighty by year-end?

It is a good idea to evaluate your portfolio periodically and ask yourself "Why do I own these positions?" Time passes and your goals either change or come to fruition. Seasons change and you should adapt accordingly, why not institute diligent tactics for your savings? The thought you put into such procedures may help protect your net worth.



Wardlaw's belief is that familiar life elements best illustrate practical investment strategies; not typical investment jargon. With that philosophy, the author assists financial planners/advisors, brokerage firms, periodicals, and other investment information syndicates create informative and entertaining articles. For comments and questions, please contact the author at tools2invest@yahoo.com or visit www.tools2invest.com




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