General Information
Answers to the most Frequently Asked Questions
of real estate professionals!

All About Mortgages
 

Borrowing the norm
Before the 1929 stock market crash, cash purchases of homes were the norm. Or if money was borrowed, it was on a term that typically didn't last much more than five years. That made payments relatively steep, which is part of the reason so many homes were lost in the Great Depression.

Lots of choices
Today, the 30-year fixed-rate mortgage, while still the most common way to buy a home, is just one of many financing options available. Indeed, many mortgages today are almost custom-tailored to individual needs.

Mortgage lending is a highly competitive field. Information on mortgage rates, which can change daily, is available in local newspapers, through mortgage brokers, from individual lenders and at the Lending Center. When you're shopping for a loan, interest rates tell just part of the story. You'll also need to study the various fees lenders charge.

Ask your agent
Your RE/MAX real estate professional can recommend lenders to check in with prior to beginning any serious house hunting so you'll know exactly what you can afford