What can I do when logged in?

You can submit new articles, so we can make unique versions of them and distribute them for you.
If you want to simply publish the same article on 800 websites, you can tell us to do that.
You can see the archive and current status of all your article distributions.
You can order any number of high-quality articles - just let us know your keywords.
You can browse the archive of all the articles we have written for you.
You can order our Complete Service (10 high-quality articles plus 10 article distributions).
You can purchase more credits for our services and check your affiliate earnings.
Much more ...

SpinDistribute.com Article Directory

The following article was published in our article directory on October 20, 2012.
Learn more about SpinDistribute Article Distribution System.

Getting the Best Mortgage Rates through Reduced Payments

Article Category: Real Estate

Author Name: CSEOP

Due to today's high cost of living, people who are looking for home loans want to get the best mortgage rates and reduced monthly expenses. Payments on your house take a big part of your monthly salary thus you must know how to get lesser mortgage payments.

To reduce your mortgage payments, you can refinance if you have enough house equity and if the new interest rate is 2%-3% lower than your present rate. You also need to ensure that on your existing loan, you have no prepayment penalty. The latter is a costly six-month fee that the lender charges with refinanced mortgage loans before the expiration of the prepayment. It increases the new mortgage refinance payments. Call your lender for this fee which lasts from 1-5 years. The new loan should not be bigger than your savings in order to get reduced and the best mortgage rates.

For reduced mortgage payments, it would be advisable to refinance to an interest-only mortgage loan and not an amortized loan. The former has the smallest mortgage payments as additional money is not applied on the loan's principal. At any time, many borrowers pay additional money to the principal minus unnecessary fees to as to minimize the entire loan amount just as long as it does not go beyond the principal's twenty percent in the prepayment period. This kind of loan is a great way to lower your mortgage payments and then if you have the budget, you can pay additional money on the principal. Get this kind of loan if the period of the interest lasts not less than 5 years unless you will be able to make bigger payments soon. If you have a brief interest-only period, you will pay lower interest rates during this period thus lessening your mortgage payments.

The best mortgage rates are those coming from reduced mortgage payments. To get the latter, you can ask for loan modifications from your bank. There are plenty of lenders who wish to assist people with such loan modifications for smaller risks and foreclosure expenses. Loan modifications come in various kinds. There are mortgage lenders who may for a while turn payments to interest-only loans for reduced mortgage payments while there are those that add the lower payment's difference to the loan's end.

There are lenders who, over the loan's life, amortize lower payments. There are also lenders who will lengthen the amortized loans' terms so as to lessen mortgage payments. For this, you should provide financial information which includes your expenses and gross income every month. It may cost more over the loan's life if you have lesser mortgage payments via loan modification. Know how modification programs shall impact your credit or FICO score.

You may also heighten your monthly income so as to offset your mortgage payments. You can look for extra employment, reduce expenses or rent living quarters that cost less.

Beware of untrustworthy companies that promise, for a fee, homeowners to help them with reduced mortgage payments. Prior to paying anything, check the company at the website of the Better Business Bureau because complaints against companies are there.

When you have reduced mortgage payments, you will get the best mortgage rates.

Keywords: best mortgage rates,

Learn more about SpinDistribute Article Distribution System. We also offer Professional Article Writing to everyone who's looking for high quality web content.

SpinDistribute.com Network

Each article you submit at SpinDistribute.com is sent through our innovative Article Distribution System to our network of more than 1840 publishers - about 55% of them are high-quality article directories, 30% of them are niche blogs and 15% of them are other content-rich websites.

To achieve the best possible success we only publish your article to most related websites. This means your article will show up on approximately 640 - 880 most related websites which will give you great SEO results.

We also offer a separate Professional Article Writing Service to everyone who's looking for high quality web content and well researched unique articles.