hollister outlet sale Mortgage Solutions Now - Flo

Are $200,000 Dollar Mortgages at $650 a Month Realistic?
Of course they are, but buyer beware. I have people calling me all the time asking me why the can't have a $200,000 dollar mortgage only paying $650 a month. The truth is they can, but for some people those kind of loans just aren't good. The part no one ever mentions when advertising such a loan program is that the excess payment is added on to your loan total.
For example, if you took out a $200,000 dollar loan it would typically cost you $1300.00 [url=http://www.sandvikfw.net/shopuk.php]hollister outlet sale[/url] a month. Instead of [url=http://www.thehygienerevolution.com/barbour.php]barbour paris[/url] paying $1300.00 you pay $650. 1300-650= 650, The excess added to your loan is $650 making your new loan amount $200,650.00 next month.
This loan program is called a negative amortization loan. [url=http://www.davidhabchy.com]barbour outlet[/url] Most mortgage companies call it a pick your payment plan, it has more sales appeal that way. This type of loan has gotten a lot of home buyers in trouble. I am [url=http://www.rtnagel.com/airjordan.php]jordan pas cher[/url] shocked by how many people want this type of loan, yet are unaware of the full nature of the loan. It is in my [url=http://www.achbanker.com/home.php]hollister france[/url] opinion that these loans were made for investment properties and people with a commission based salary.
The loans are perfect for people [url=http://www.1855sacramento.com/peuterey.php]peuterey[/url] who are planning on selling that [url=http://www.vivid-host.com/barbour.htm]barbour uk[/url] house in a year or more because it would only add $7800 to the loan amount per year, most home values would increase [url=http://www.americatownmovie.com]jordan pas cher[/url] more then that in 1 year. The commissioned based salary people, like me, have fluctuating income. This month could be [url=http://www.achbanker.com/home.php]www.achbanker.com/home.php[/url] little, next month can be a lot, allowing us to make [url=http://www.jordanpascherofficiel.com]air jordan pas cher[/url] us for the months we only paid $650.
I recommend that all borrowers research their loan programs before meeting with a broker. Also, it is important to find a Mortgage Broker that is trustworthy and would disclose all the important information associated with a particular loan program. [url=http://www.jordanpascherofficiel.com]air jordan[/url] It saddens me and stains [url=http://www.americatownmovie.com]air jordan pas cher[/url] our profession that some brokers only care about making money.
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