Web sites offer help in learning about mortgages


October 03, 2004|By Knight Ridder/Tribune

Even with recent interest rate increases by the Federal Reserve, home mortgage rates remain low.

Is the time right to buy a new home? Perhaps. But first, it might be a good idea to get up to speed on how mortgage loans work, especially if you are a first-time buyer. Web sites that provide insights about qualifying for a home loan and obtaining a mortgage include:

Bankrate.com (www.bankrate.com/brm/news/real-estate/tips-new-home1.asp), which offers a variety of mortgage cost-saving tips.

Free Mortgage Tips (www.free-mortgage-tips.com/Getting-Best-Rate.html), which features mortgage basics, with links to other mortgage subjects.

Home Mortgage Calculator (www.home-mortgage-calculator.net/how-mu ch-should-i- borrow.asp), which provides insights on how large a mortgage to take out.

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