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Nesgroup address: misc.invest.real-estate - Date & Time for the message: 16 Jul 2005 07:06:15 -0700
/ Author of the message: beliavsky@aol.com |
Title of the message: |
software to compare mortgages
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Text of the message: |
http://nytimes.com/2005/07/17/realestate/17cov.html Which Mortgage? A Complicated Tale By DENNIS HEVESI July 17, 2005 New York Times There is an NYT article on the variety of complicated mortgages now available. One paragraph says '"Shop around ... and make a chart of the loan features offered by each potential lender, comparing the term of the loan, the interest rate, adjustable rates, if any; the size of the down payment, whether or not there is a prepayment penalty and the number of points that you will be charged, if any." (Points are upfront fees equal to 1 percent of the total loan amount that are used to lower the interest rate.)' It's possible to make a chart (I used a spreadsheet) of the features of the various mortgages you are offerred, but figuring out which one can be expected to cost the least is difficult. Adjustable rate mortgages usually cap the rate and the rate change in any one reset. A Monte |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.