Home Buying For Dummies, 3rd edition Consumers tend not to research loan products before sitting down with their mortgage professional. While help is on the Web, consumers need to know where to look. Simply doing a search engine query for many of the popular mortgage terms will result in thousands of links — most with little or no applicability. Borrowers could do much worse than visiting the Freddie Mac “What is a Mortgage” page. This site helps consumers understand some basic mortgage concepts. Links on this page explain the pros and cons of a fixed-rate mortgage, the elements of an adjustable-rate mortgage and define balloon and reset features. Also a visit to the U.S. Department of Housing and Urban Development’s site takes visitors through the home buying process step-by-step.

click here for article

search for : ,