15-year vs. 30-year mortgage — which is better?

15-year vs. 30-year mortgage — which is better?

Posted on Oct 29, 2012 in Anxious Buyer?, Fees, Loan Types, MARK WELLS' BLOG, Today's Housing Market | Comments Off on 15-year vs. 30-year mortgage — which is better?

With interest rates again touching on 70+year lows, many homeowners are considering refinancing. Mark Wells at Preferred Financial addresses the often-asked question of whether a 15-year mortgage is better than a 30-year mortgage. I know that I will be paying more interest with the 30-year mortgage. How much more?  That will differ according to your loan size, but for a...

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What are all These Fees?

What are all These Fees?

Posted on Oct 22, 2012 in Fees, MARK WELLS' BLOG | Comments Off on What are all These Fees?

Closing on a purchase or refinance loan involves a number different services. The anticipated charges for these services initially appear on your Good Faith Estimate at the time you apply for your loan, and the actual charges appear on your HUD-1 settlement statement at closing.  Here, Mark Wells at Preferred Financial Services, provides definitions of the fees you may...

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