Welcome to Home Mortgages
Home Mortgage St. Louis Article
This is a selection made from among articles on Home Mortgage St. Louis. For a permanent link to this article, or to bookmark it for future reading, click here.
Part I: Learn About your Home Mortgage Options
from: Mark Mathis
A mortgage is a long-term loan that uses real estate as collateral. A mortgage loan is commonly used for buying a home. Mortgage loans are usually fully amortizing, which means that the monthly principal and interest payment will pay off the loan in the number of payments stipulated on the note. Mortgage loans are also described by the length of time for repayment, such as 15 or 30 years, and whether the interest rate is fixed or adjustable. A mortgage loan where the downpayment is less than 20% usually requires private mortgage insurance (PMI) or government insurance or guarantee.
Most mortgage loans require monthly payments of principal and interest plus additional payments that are set-aside in escrow accounts to pay property taxes and homeowners insurance. In addition, loans with PMI or government mortgage insurance may require payment of a monthly mortgage insurance premium as part of the regular monthly payment.
Some lenders offer bi-weekly mortgages, which call for 26 payments per year. The details of bi-weekly mortgages can differ, so it's best to ask the lender to outline the details of how these programs work.
Homebuyers who can afford the higher monthly payment sometimes prefer a 15-year mortgage to a 30-year mortgage. Interest rates on 15-year mortgages usually are slightly lower than 30-year rates. In addition, a homebuyer financing a home purchase with a 15-year mortgage will repay principal substantially faster and will pay far less total interest over the term of the loan.
About the author:
Mark Mathis is a building designer and publisher of several stock house plan websites and informational resources including http://www.HousePlanCentral.com,
http://www.HousePlanGallery.com, and http://www.moneytalks-bswalks.com. Be sure to visit each site and subscribe to our eNewsletters to receive special offers, promotions, and subscriber-only features.
Home Mortgage St. Louis Specific links
Watch Free Videos At Mevio!
- Tons of Free Videos, Only At Mevio.com
-- http://www.mevio.com/
Learn How To Stay Young and Feel Great
- Free Advice For Boomers From Experts Around the Country
-- http://www.boomj.com/
The fastest and easiest way to chat with anyone.
- Chat with anyone, anywhere, anytime with Utterz.
-- http://www.utterz.com/
American Idol Gets Fourth Judge
- One of the fastest growing sites on the net, and yea, theres a reason
-- http://www.holytaco.com/
Top-chart Ringtone!
- Free music download with only $9.99/month
-- http://www.ringtonetimes.com/
Home Mortgage St. Louis News
Washington Post Columnist - Washington Post
Washington Post Columnist Washington Post, United States - St. Louis, Mo.: What is a US Treasury bond called TIPS? Michelle Singletary: Treasury Inflation-Protected Securities, or TIPS, provide protection against ... |
Jobless rate hits 16-year high - St. Louis Post-Dispatch
 St. Louis Post-Dispatch | Jobless rate hits 16-year high St. Louis Post-Dispatch, United States - The unemployment rate in the St. Louis area in July reached its highest point in more than 16 years, with 7.2 percent of the work force — more than 105000 ... |
DAS integrates three branches St. Louis Business Journal - Bizjournals.com
DAS integrates three branches St. Louis Business Journal Bizjournals.com, NC - DAS Acquisition Co., which owns and operates USA Mortgage, said recently it integrated three new branches, two in the St. Louis area and one in Cape ... |
Gary Bussard's Assist2Sell- Hottest Real Estate Concept Sweeping ... - Franchising.com (press release)
Gary Bussard's Assist2Sell- Hottest Real Estate Concept Sweeping ... Franchising.com (press release), CA - Gary Bussard, a top producing mortgage broker and real estate broker, loves saving homebuyers money. "St. Louis is still a very busy market," Gary Bussard ... |
St. Louis home prices drop 11.2 percent - Bizjournals.com
St. Louis home prices drop 11.2 percent Bizjournals.com, NC - Average home prices in the St. Louis area declined 11.2 percent in the past year, as of May, new numbers show. That's higher than the national depreciation ... |
Hockey on horseback: St. Louis club introduces polo for the masses - The Canadian Press
 The Canadian Press | Hockey on horseback: St. Louis club introduces polo for the masses The Canadian Press, Mo. - St. Louis Polo Club co-captains Busch and Jason Rauschelbach, CEO of a home lender company called The Mortgage Store, said the club wanted to introduce more ... |
Residential Mortgage Consultants is now known as Envoy Mortgage - Live-PR.com (Pressemitteilung)
 Live-PR.com (Pressemitteilung) | Residential Mortgage Consultants is now known as Envoy Mortgage Live-PR.com (Pressemitteilung), Austria - He also completed graduate studies at Maryville University in St. Louis with an emphasis in Marketing. Envoy Mortgage specifically the St. Louis, ... |
FOMC Minutes: Fed Poised To Take Harder Stand On Inflation - Clusterstock
 Washington Post | FOMC Minutes: Fed Poised To Take Harder Stand On Inflation Clusterstock, NY - Bullard, Hoenig, and Rosengren, Presidents of the Federal Reserve Banks of St. Louis, Kansas City, and Boston, respectively Messrs. Connors, English, Kamin ... Fed officials foresee upward rate move |
Citigroup analysts see 'no pressing need' for Fannie, Freddie bailouts - Asbury Park Press
Citigroup analysts see 'no pressing need' for Fannie, Freddie bailouts Asbury Park Press, NJ - William Poole, the former head of the St. Louis Fed said last month Freddie Mac is technically insolvent and Fannie Mae's fair value may be negative next ... |
First American CoreLogic Releases June 2008 LoanPerformance House ... - MarketWatch
First American CoreLogic Releases June 2008 LoanPerformance House ... MarketWatch - family of companies and a leader in residential mortgage data and analytics for the mortgage industry and Wall Street, today announced the release of its ... |