ARM rates?
Rates alone are not a good way to measure your cost over a 5-year term. Three main factors affect your out of pocket:1. Interest2. Closing Costs3. Down Payment Closing costs also affect your APR. Cash required to close can be figured from 2+3. To help you understand, if you needed $5,000 cash to close and got a...

What's the difference between a refinance and a home equity loan? Which one is better for me?
A refinance is intended to change your current existing mortgage loan into another loan that has terms better for you, such as lower interest rate or lower payment because the term is longer. You cannot receive cash for other purposes on a plain re-finance. An equity loan is intended to tap the equity...

What's a deferred interest loan?
That's the type of loan that got a lot of Californians in trouble. The monthly payment does not pay the full amount of interest owed each month. The deferred interest is tacked onto the loan balance and eventually must be paid. Typically in 5 years the loan is re-cast to higher balance including the...