Category Archives for "Mortgage"

Balloon Payment Mortgage Dave Fox MN
Feb 21

What is a Balloon Payment Mortgage?

By Mortgage Foxes | Loan , Mortgage

The other term for a balloon payment mortgage is a partially amortized loan. Balloon payment mortgage is when your liability or obligation is only partially amortized, leaving the rest to be paid upon the completion of the term. Because the initial interest rates and monthly payments are lower, a balloon payment mortgage is paid off […]

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Adjustable Rate MN Mortgages Dave Fox
Feb 06

Adjustable Rate Mortgages in Minnesota

By Mortgage Foxes | Mortgage

People are asking if home loans showing astonishingly low rates are for real. These ads are what we call adjustable-rate mortgage payments. Loans with an adjustable-rate mortgage payment type usually have low rates only for a short time. Rates of adjustable-rate mortgage payment are adjusted on a regular basis, usually after the first year is […]

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Interest Only Mortgage in MN Dave Fox
Jan 30

Interest Only Mortgages in Minnesota

By Mortgage Foxes | Mortgage

There are only two things people should keep in mind before taking on an interest-only mortgage. The name interest-only mortgage is misleading. If truth be told, there is no such thing as an interest-only mortgage. In an interest-only mortgage, you will still have to pay for the loan principal. When you get an interest-only mortgage, […]

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Fixed Rate MN Mortgages Dave Fox
Jan 20

Fixed Rate Mortgage in Minnesota

By Mortgage Foxes | Mortgage

There are several types of mortgages offered by lenders in the market. The most common of these types is fixed rate mortgages. Fixed rate mortgage loans are characterized by fixed rates and monthly payments that are generally for a 15-year or 30-year period. Fixed rate mortgages are popular in the consumer market because of its […]

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what is a mortgage broker
Jun 20

What is a Good Interest Rate?

By Mortgage Foxes | Mortgage

When it comes to getting a Mortgage we know interest rates play a very important part. A good lender will let you know all your options so you can choose the best mortgage package for you. This includes telling you about different interest rate options. Do not hold back from asking your lender about Fixed […]

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