florida loans : No Origination Fee

2008-03-25 16:06:21

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Need florida loans? Looking for mortgage loans in florida? Whether you need to know about fl personal injury or florida loans, you can find everything online.

Certain online home loan programs online make your florida loans simple. One in particular has no origination, no point fee – saving you a lot of money. They will help look into numerous florida loans options. You can choose your payment method: FNMA conventional loans and much more. They will be able to give you information on a biweekly home loan.

What is a biweekly home loan?

Biweekly Payments
This mortgage payment process has been very popular in recent years. You pay every 2 weeks and not just once a month. The payment is made by halving the monthly payment. This biweekly mortgage payment adds up to 26 payments per year. Equal to 13 monthly payments. The 13th payment helps pay off the principle balance.

The result – you save a huge amount of interest on the life period of the loan. So you can pay off your mortgage years early. This means a saving of thousands of dollars without refinancing or having to pay closing costs.

There are a few companies who offer this payment method. You send your mortgage repayment to them and they will pay the mortgage company on your behalf. But bear in mind whether you pay a service provider or mortgage company, they will ask for either a once-off upfront fee or monthly fee. So before you decide, ask for all the details.

Another way to save significantly on interest is simply to make that one extra payment per year. You can do this adding 1½ to every payment or making an extra payment at the end of year. The result will be the same. You could also ask them about title insurance.

What is title insurance?
It’s a great investment – but how is it different to other insurances?

It is different because it protects you from faults and matters from the past – whereas other insurances protect you against future losses, title insurance does not.

Any other differences? You pay a once-off premium.

Title insurance protects you from undiscovered interests or risks (liens for eg) in the property you intend to buy.

There are two main types of title insurance.

The Lenders Policy
This protects you the mortgage holder. If the title has a fault resulting in a loss, you will be paid out.


The Homeowners Policy / Buyers Policy
This protects you, the buyer for losses occurring from an ownership problem or a problem in the interest you have.

It is really worth considering protecting the equity in your purchase with this kind of policy.


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