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.
Mortgage 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.
Mortgage 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.
The Federal Reserve Board
Understanding 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.
Looking 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 errors.
National 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.
A 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.