The following is a list of links designed to help you better understand
the various aspects of mortgages. The links on this page are provided
for informational purposes only, Real Estate One Gardner & Associates
does not endorse or maintain any information from the destination pages.
Glossary - Terminology, definitions and explanations of terms
used in the mortgage and real estate industry. Useful reference information
whether you are buying a house or refinancing.
Calculators (You Choose) - There are a number of online mortgage
calculators available to you. Try a couple, and bookmark your favorite.
Federal Housing Finance
Board - Each month, the Finance Board conducts a survey of rates
and terms on conventional mortgage loans. The survey is known as the
Monthly Interest Rate Survey or MIRS. Before October
1989, the former Federal Home Loan Bank Board conducted MIRS.
Federal Reserve Board
the Home Mortgage Process - This brochure explains about dealing
with mortgage lenders. It tells you where to look, what to look
for, and what takes place when you apply for a mortgage. Knowing
what to expect, especially if you are a first-time homebuyer, may
make it easier for you to get through the process.
for the Best Mortgage - Shopping around for a home loan or mortgage
will help you to get the best financing deal. A mortgage--whether
it?s a home purchase, a refinancing, or a home equity loan--is a
product, just like a car, so the price and terms may be negotiable.
You?ll want to compare all the costs involved in obtaining a mortgage.
Shopping, comparing, and negotiating may save you thousands of dollars.
When Your Home Is on the Line: What You Should Know about Home Equity
Lines of Credit - Information on home equity lines of credit;
includes a glossary of terms and a checklist to use in shopping
for a plan.
Consumer Handbook to Credit Protection Laws - Explains how to
shop for and obtain credit, how to maintain a good credit rating,
how to dispute unfair credit transactions, and how to resolve billing
Institute for Consumer Education - This "Summary of Consumer Credit
Laws" is from the U.S. Department of Commerce publication, Credit
and Financial Issues: Responsive Business Approaches to Consumer Needs.
Consumer's Guide to Mortgage Lock-Ins - The Federal Reserve Board
and the Office of Thrift Supervision prepared this booklet on mortgage
lock-ins in response to a request from the House Committee on Banking,
Finance and Urban Affairs and in consultation with many other agencies
and trade and consumer groups. It is designed to help consumers understand
an important aspect of home financing.