November 23, 2007

Anna Ciriani May Need a Mortgage Calculator


It is so difficult to figure out what to do when you make the decision to buy a home. Traditional Fixed Rate Mortgage? Adjustable Rate Mortgage? 5/1 ARM? 3/1 ARM? Negative or Option ARM? You have to wonder which kind of mortgage is best. The simple answer is: There is no right loan.

I figured that Anna Ciriani needs to sell her current home in Italy and buy a new one ... probably in Hollywood. She is slowly becoming the most well-known teacher in the universe and she needs to decide which which type of mortgage will best serve her individual needs.

I suggest that Madameweb spend a little time understanding the advantages and disadvantages of various mortgage programs. With a little effort she can save thousands by choosing the right mortgage.

Anna (and anyone else that is in the real estate market), please get a Free Mortgage Calculator and a free copy of your credit report. Anna, if Italy doesn't declare your home a national monument ... then you may want to see what it would take to get out from under your current debt.

* Anna's Video
* Official Madameweb Site

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1 comment:

Mortgage News said...

Mortgage calculators can calculate the total payment with primary, interest, taxes and insurance, called as the PITI payment. Payments can be calculated irrespective of the time period how it is paid - quarterly, monthly or biweekly.
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