Adjustable Rate Mortgages – Friend or Foe?

Posted on Jul 7, 2014 in Mortgage |

With the changing rate environment, some have wondered about whether an Adjustable Rate Mortgage (ARM) is a better alternative to the traditional fixed-rate mortgage loan. Here are some tips to help you decide if an ARM would be right for you. As with any loan, it is important to balance the risk against the reward. ARMs typically come with a lower initial rate that is variable, meaning it can go up if a certain index rate increases, but only...

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Thinking about Mortgage? Know Your Rights

Posted on Dec 10, 2013 in Mortgage, Peoples Bank News |

A mortgage is likely the largest loan you will take out over the course of your life, and before doing so, you should fully understand your legal rights in the process. By becoming familiar with your legal protection, you can best avoid fraudulent loans and making costly mistakes. You have the right to actively seek out the best loan for you and your family. Consult different lenders and brokers to examine varying mortgage costs and charges....

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Shopping for a Mortgage

Posted on Sep 26, 2013 in Mortgage, Peoples Bank News |

If you want to buy a house, chances are you are also searching for the perfect mortgage. In fact, it is often better to find out the amount of loan for which you are qualified. Getting “pre-qualified” is a great help in narrowing down the list of homes you can afford, and is a great tool for negotiating the purchase price. If done right, securing a home loan can save you a considerable amount of money Get Information from Multiple Sources....

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