Articles & News About Mortgage Loans

Carmel Mortgage Offers New Loan Program for Homebuyers

CARMEL, CA (PRWEB) February 1, 2006 -- CARMEL MORTGAGE now offers a full 30 year fixed loan, with a 10 year interest only option. For the entire term of this loan, the rate never changes.

For example, if you have a $500,000 loan with an interest rate of 6.5%. Your interest only payment would be $2708, or the principal and interest payment would be $3160. You can pay either one it’s your choice every month for 10 whole years.

This loan never goes to negative amortization. You can pay down extra principal at any time, and if you do, your payment will go down the following month. This is called “recasting your payment.”

A footnote, if you pay interest only for the first 10 years, then the loan converts to a 20 year amortized loan after the interest only option expires.

Carmel Mortgage is in its 25th year of business and has funded billions in loans.

We have hundreds of banks and lenders, and thousands of programs for you to choose from. We choose the right loan for your home financing needs and goals.

Call me directly or email me for the details on this and other great loans for you to choose from.

Cheryl Whitworth-McVicar
President/ Senior loan officer
Carmel Mortgage
www.Carmel-Mortgage.com
200 Clock Tower Place E-150 Carmel 625-3939
364 South Main Street Salinas 754-3939

###

Other Article Sites

findabook.com moneycd.info a-mortgage.info about-lemon-laws.info aboutstudentloans.info
all-about-publishing.info auctions-articles.info bestcollege-university.com bestispconnection.com
biblefolder.com blogger-website.com books-used.info brokers-guide.info buywindows.info cable-dsl.info
career-miner.com carpel-tunnel.info cashinaflash.info cashloanreviews.info casinobell.com chat-house.info
clearmycredit.info collegeloantips.info crones.info depression-articles.info dirnic.net dishguides.info
divers-below.com expodog.info financewizz.com fire-insurance.info getgood.info handleit.net it-idea.info
health-supplies.info hosting-right.com insidealert.com insurance-facts.info jobs-employment.info
justgood.info lookgold.net lowcost-travel.info money-source.info myhostzone.info numisblog.com
peoplesearchfinder.info pr-articles.info realeas.com refinancing-guides.info spyware-remove.info
telelot.info the-law.info toppaid.info travel-deals.info travelcorrect.com wedding-guide-site.com
your-blog.info your-credit.info

MORE ARTICLES:

Your Mortgage Rate Compare and Save
When trying to obtain the best mortgage rate compare offers from several lenders or brokers. Know how much of a down payment you can afford, and find out all the costs involved in the loan.

When is the Right Time to Refinance Your Mortgage?
You've heard that interest rates are down and you think it could be time to refinance your existing mortgage, but the entire loan application process was so exhausting during the initial loan that you aren't sure it's worth the hassle. You could very well be right, but there are some things you can do to help decide whether it's time to refinance your mortgage.

Home Equity – Let the Market Eliminate Your Private Mortgage Insurance
In decades past, most people who were interested in obtaining a home loan were required to put down at least 20% of the purchase price. Those days are gone, and as home prices have risen faster than incomes, the average down payment required by lenders has dropped.

DocuSign and Document Systems, Inc. Partner to Eliminate Paper from Mortgage Loan Preparation Process
DocuSign, the leading Web-based electronic signature service, today announced that it has partnered with Document Systems, Inc. (DSI), a leading developer of mortgage technology for compliant loan document preparation and customer contact management, to incorporate DocuSign's eSignature technology into DSI's mortgage document preparation services for lenders. This will ultimately eliminate the need for mortgage brokers to print out millions of pages of documents per month simply to obtain a signature, while helping mortgage brokers improve sales performance, reduce expenses and offer better service to their clients.

How Can You Assume A Mortgage?
Finding a house with an assumable mortgage these days could prove to be a real find - but it is not very common. Typically only the FHA and the VA uses assumable mortgages, which basically means that another person can simply take over the house and payments. Here is some information that you need to know if you are thinking about taking over an assumable mortgage.

ParetoLogic's Spam Controls Software Has the Solution For Record-Setting Mortgage Spam
With mortgage spam reaching record levels, ParetoLogic has the solution. ParetoLogic spam controls uses modern technology and methods to detect and quarantine spam. The software can be used on Outlook or Outlook Express and boasts one of the highest detection rates in the industry.

Mortgage Refinance Loan - Choosing the Right One
Are you interested in mortgage refinance? If so you will find that there are a lot of options for you to choose from. You may not be aware of it, but there are many different types of loans and when you start to think about refinancing you may very well be overwhelmed by all of the options. With so many options, how do you choose just one? And, how you do determine which one is the right one for you?

Say Yes to ISA Mortgages for a Convenient Mortgage Repayment
Customers who opt for an interest only mortgage, and feel themselves fortunate at the extraordinarily low monthly installments, wake up. The mortgage may be fast approaching its repayment.

Zero Down Payment Mortgage – Can It Be Done?
"I've been renting for years now; I've always paid my rent on time. I'll start a savings account soon, so I can buy a house": sound familiar? How much is in that savings account now? Just as I thought, not enough, you went on vacation, found a car you had to have, or WOW; look at the flat panel T.

Refinance Mortgage
Refinance mortgage is when you apply for a second loan in order to pay off another different loan taken up against the same other assets, property etc. If this original loan had a fixed interest rate mortgage which has now reduced considerably, then you might want to take up a new loan at a more favorable interest rate.

Mortgage Website Design Basics
The mortgage industry is a competitive business. Practically every marketing medium is used to generate new customers. The problem is that each marketing channel has become saturated, and therefore less effective. Mortgage companies are now facing lower conversion rates, which means lower revenue for their company. This is especially true with their online marketing strategies. That is why many mortgage companies, brokers and loan officers are now working to generate their own leads instead of buying them.

Recovering Bad Credit By Getting A 2nd Mortgage Refinance
One way you can start rebuilding your credit is to take advantage of a bad credit 2nd mortgage refinance. These are programs offered by many lending institutions and designed specifically to help those with bad credit obtain a mortgage refinance. Most people who find themselves in the position of needing a bad credit 2nd mortgage are those who are in a great deal of debt, and who wish to consolidate it. In this way, a bad credit 2nd mortgage refinance can help a person ease the debt burden and start to rebuild credit.

Compare Fixed Mortgage Rates - How To Get The Best Rate From Your Lender
When getting quotes from competing lenders it?s always hard to know who?s telling the truth and who is giving the real interest rate when they quote you To be completely sure you really do need to ask several lenders to quote you to be sure you are getting the best deal

Americas Watchdog Predicted The Banking Mortgage Industry Collapse 16 Months Ago & Is Now Advising Consumers To Get Ready For More Very Bad News
Americas Watchdog is one of the leading private consumer groups in the United States. Since 2005, the group has been warning if US banks did not stop artificially inflating US real Estate markets, "the US economy would have a train wreck". In March of 2007 the group warned, "its more than just real estate". In July of 2008 the group is saying no to big bank bail outs with the load going to the US taxpayers once again, and the group is demanding justice for the tax payers. The group is also strongly advising consumers and investors to be extremely careful in a situation that is about to get as bad as it gets.

Mortgage Free In 15 Years!
Imagine paying your mortgage off in 15 years! Think of all the great things you could do with that extra money. What would you do? Retire early? Buy an R.