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Local Mortgage Bankers Raise $2500 for Phoenix Children’s Hospital
Scottsdale, Arizona (June 7, 2011) – More than 100 Mortgage Bankers from across the valley showed off their softball skills over the weekend at El Dorado Park in Scottsdale, AZ in support of the 2nd annual “Get on B.A.S.E. (Bankers Annual Softball Event) for Charity” softball tournament, hosted by Alliance Financial Resources.
The event drew more [...]
Alliance Financial Resources (AFR) Receives 2009 Best of Business Award
We are very pleased to announce that AFR was given the 2009 “Best of Business” award. The “Best of Business” award is given out by the Small Business Commerce Association (SBCA).
Please read the full press release below:
SAN FRANSICO, November 7, 2009, Alliance Financial Resources LLC has been selected for the 2009 Best of Business Award [...]
Secondary Marketing Update – Monday 1/30/2012 to Sunday 2/05/2012
This Week; is employment week with a lot of key data mixed ion. The interest rate markets should start the week with additional improvement after the Fed extended the time that it will keep rates low clear through 2014. The stock market is likely to continue its sag after the Fed comments last week that [...]
Adjustable-Rate Mortgage Payment (ARM): The Pros and Cons
People are asking if home loans in newspaper ads showing astonishingly low rates are for real. These ads are what we call adjustable-rate mortgage payments.
Loans with an adjustable-rate mortgage payment type usually have low rates only for a short time. Rates of adjustable-rate mortgage payment are adjusted on a regular basis, usually after the [...]
Bank Rate Mortgages
Why do bank rate mortgages vary? What makes the interest rates of these bank rate mortgages rise? What makes those of bank rate mortgages fall? These questions race through our minds whenever we are faced with a financial situation that requires us to understand a little bit more about bank rate mortgages.
The answer is [...]
Interest-Only Mortgage
There are only two things people should keep in mind before taking on an interest-only mortgage. The name interest-only mortgage is misleading. If truth be told, there is no such thing as an interest-only mortgage. In an interest-only mortgage, you will still have to pay for the loan principal. When you get an interest-only [...]
Fixed Rate Mortgage
There are several types of mortgages offered by lenders in the market. The most common of these types is fixed rate mortgages. Fixed rate mortgage loans are characterized by fixed rates and monthly payments that are generally for a 15-year and 30-year periods.
Fixed rate mortgages are popular in the consumer market because of its [...]
Amortization Mortgage
What is an amortization mortgage? If you’ve bought a house before, you probably have an idea what amortization mortgage is. But as far as details are concerned, amortization mortgages just escape those who don’t have a solid financial education background.
Amortization Mortgages: What the experts say
According to Philip Russel, assistant professor of finance at Philadelphia [...]
Second Mortgage Loan
A second mortgage loan is a subsequent loan and subordinate to the earlier mortgage. In other words, a second mortgage loan is used as collateral pledged for the first loan.
Length of Second Mortgage Loans
Second mortgage loans have varying lengths with which they are eventually paid off. Some second mortgage loans may last for as [...]
Balloon Payment Mortgage
The other term for a balloon payment mortgage is a partially amortized loan. Balloon payment mortgage is when your liability or obligation is only partially amortized, leaving the rest to be paid upon the completion of the term. Because the initial interest rates and monthly payments are lower, a balloon payment mortgage is paid [...]
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