BI- WEEKLY MORTGAGE PAYMENT
The payment option commonly called 'bimonthly' is a bi-weekly payment option. However, some lenders offer a bimonthly payment service to homebuyers. With true bimonthly (or semi-monthly) payments, you
http://www.brokeroutpost.com/reference/149421.htm (Updated: 08/10/2007)

When do ARMs make sense?
Many home owners don't expect to stay in their homes for very long anymore. This may be part of the reason why ARMs are so popular these days. And in fact, if you don't plan on being in your current
http://www.brokeroutpost.com/reference/135649.htm (Updated: 06/25/2007)
Related Reference Topics: [adjustaable, variabal, rate, short-term]

How can I find out my home's value?
You can check with a local Realtor. They have access to comparable sales and can give you a pretty good idea what homes are worth in your area.
http://www.brokeroutpost.com/reference/58475.htm (Updated: 05/22/2007)
Related Reference Topics: [appraisal, home value, house worth]

Fixed Rate vs. ARM
There are many different options available when shopping for a mortgage, but one of the most basic choices potential borrowers face is the choice between a fixed rate or an adjustable rate mortgage.
http://www.brokeroutpost.com/reference/52426.htm (Updated: 04/09/2007)
Related Reference Topics: [fixed rate, arm, adjustable rate, pros, cons]

What does an appraisal consist of?
When appraising a home, the appraiser will usually find 3 comparable properties in the same area, and compare the sales prices of the 3 to come up with a value for your home.
http://www.brokeroutpost.com/reference/59923.htm (Updated: 04/02/2007)
Related Reference Topics: [appraisal]

What are comparable sales?
Comparable sales are similar homes that have sold nearby, and the price that they have sold for. Comparable sales are used by appraisers to help them in giving an estimation of value for a home.
http://www.brokeroutpost.com/reference/30512.htm (Updated: 08/14/2006)
Related Reference Topics: [comp, comparable, comparables, comps]

what is a comp search
A comp search is performed by your mortgage professional or appraiser. It is a search in the nearby areas for properties that match your home.
http://www.brokeroutpost.com/reference/45522.htm (Updated: 08/03/2006)
Related Reference Topics: [comparables]

Appraisal Report
An appraisal is a report that provides an opinion of value of the subject property and supports that opinion with the utilization of 3 approaches: a comparable sales approach, a cost approach, and an
http://www.brokeroutpost.com/reference/23614.htm (Updated: 03/03/2006)
Related Reference Topics: [appraisal, appraiser, licensed appraisal, 1004]