When to Reduce the Price of Your Home » Mortgage Masters Group
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The most important factor in the size of your reverse mortgage loan (other than your age and your own personal inclination) is the value of your home. As a result, it’s important to understand how the fluctuation of home prices affect reverse mortgage financing, so that you can make an optimal decision.
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Using your mortgage prepayment options can drastically reduce the total amount you spend on your mortgage and shorten the time it takes to pay it down. Even paying a little more each month can make a huge difference. Anytime you increase your payments, the excess that you pay per payment goes directly into the principal portion of your mortgage.
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Using Rebate Pricing to Reduce Closing Cost on your Refi or Home Purchase August 21, 2011 by Rhonda Porter 6 Comments Mortgage rates are priced with rebate, a credit towards closing cost, or discount points, an additional cost paid to reduce the interest rate (Note rate).