6 truths about no-cost mortgages

Have you heard about no-cost mortgages?  Here are the pros and cons about shopping for one in this housing market: While buyers avoid overcharges, they also pay a higher interest rate “Is shopping for a no-cost mortgage a good strategy in today’s market?” No-cost mortgages are relatively easy to shop because of their simplicity, and …

Continue reading ‘6 truths about no-cost mortgages’ »

A minefield of mortgage charges

Shopping for a mortgage would be a breeze if borrowers paid only an interest rate and lenders paid for everything else, embedding their expenses in the rate. The reality is just the opposite: Not only do lenders impose fees of various sorts, but a large number of other players will have their hands in your …

Continue reading ‘A minefield of mortgage charges’ »