Comments on: The cheapest mortgage REALLY

By: Karl's Mortgage Calculator

Karl's Mortgage Calculator — Sat, 04 Jul 2009 05:23:55 +0000

I searched everywhere and have the absolute lowest mortgage offer so … much better than some who claim to be the lowest-around to compare apples to apples.really well written. You should post more about this.

By: Lonnie Cooper

Lonnie Cooper — Fri, 07 Mar 2008 19:37:57 +0000

Absolute Mortgage often has the same rate for refinances as purchases. Another site is- http://www.Shoprate.com
Bankrate only has people on until they get ‘clicked off’ because they charge the advertiser per click.

By: Lee Matthews -- Financial Concepts West

Lee Matthews -- Financial Concepts West — Mon, 28 Jan 2008 22:44:28 +0000

“Well, if you are purchasing/refinancing, it doesn’t hurt to check Absolute Mortgage out.”

After you purchase and before you elect to refinance you should investigate the benefits of using a Home Equity Line of Credit (HELOC) as an “interest cancellation” account. You’ll be able to accelerate the equity in your home and potentially save tens or even hundreds of thousands of dollars in amortized interest.

Equity acceleration may seem problematic.

Today’s Real Estate market means that folks can no longer count on appreciation to build home equity. Those who realize that they need to pay down their current mortgage debt are looking for alternate ways to aggressively (yet safely) build equity.

And they’ve discovered a perfect online system to do that; they can focus on their wealth accumulation goals while accelerating their equity simply by using a Home Equity Line of Credit to ‘power’ the Money Merge Account™ financial solutions program.

A typical 30 year loan (of whatever type) can be paid down in 1/3 to 1/2 the time — it’s a great way to save *huge* amounts of income by eliminating a mortgage amortization front-end interest load. (On a million-plus dollar home, I’ve personally seen where the Money Merge Account™ program will save the homeowner $750,000 in interest charges!)

And the best thing – homeowners don’t have to refinance their existing mortgage or, in most cases, make any adjustments to their lifestyle.

It is unfortunate that most of us were never taught to follow three essential principles: (1) Avoid paying interest, whenever possible, (2) Use other people’s money, whenever possible and (3) Find and use a financial system that will guide you, especially if you have the tendency to go off-track. The Money Merge Account™ software and the program’s counselors use these principles to keep each homeowner focused on their wealth accumulation goals.

I’d be happy to provide further details…

By: Frugal

Frugal — Tue, 03 Apr 2007 08:39:09 +0000

Jay,

Hmm. That is too bad indeed.

Frugal

By: Jay

Jay — Mon, 02 Apr 2007 00:53:26 +0000

The only problem with Absolute is that you have to purchase in CA.

By: Frugal

Frugal — Thu, 15 Mar 2007 07:28:06 +0000

Mike,
Glad to help.

By: Frugal

Frugal — Thu, 15 Mar 2007 07:27:28 +0000

JC,
The door for refinancing is closing as you have said.

By: Mike

Mike — Wed, 14 Mar 2007 05:23:57 +0000

This is an excellent tip, Frugal. Thank you so much!
I’ve looked everywhere and Absolute Mortgage has the lowest offerings… way way better than some of those who claim they are the lowest around- when comparing apples-to-apples.

I will be monitoring them for a bit, since some companies only demonstrate low rates for a while and jack them back up later.

By: JC

JC — Sat, 10 Mar 2007 15:28:07 +0000

As of March 12, 2007, Countrywide will no longer offer no money loans. We can expect others to follow suit. Also it sounds like Countrywide will be curbing in on those 5% down loans as well.

http://money.cnn.com/2007/03/09/real_estate/countrywide.reut/index.htm?section=money_latest