Mortgage Archives - Page 3 of 3 - First Internet Bank

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First Person provides personal finance advice, guidance and insight from a first person perspective.

Factors That Influence Loan Interest Rates

By First IB on July 9, 2015

Interest rates determine the cost of borrowing money from financial institutions and are typically expressed as percentages. That seems easy enough, but things can get a bit more complicated when … Read More

Which is Better — A 30-Year or 15-Year Fixed Mortgage?

By First IB on June 23, 2015

Choosing the best mortgage option really depends on your situation and your financial goals. The most common conventional mortgage program is a 30-year fixed rate loan. As the name implies, … Read More

Taking the Fear Out of Adjustable-Rate Mortgages

By First IB on February 18, 2015

Adjustable-rate mortgages generally get a bad rap. But in some cases, choosing an ARM rather than a fixed-rate mortgage makes more sense and can potentially save you thousands of dollars … Read More

Why Refinance?

By First IB Mortgage Team on August 28, 2014

There are lots of reasons homeowners just like you refinance a mortgage loan. Does one or more of these apply to you? 1) Lower your mortgage rate and reduce your … Read More

Considerations for First-Time Homebuyers

By First IB Mortgage Team on August 19, 2014

Undeniably, renting offers a lot of flexibility and puts the landlord on the hook for maintenance and upkeep. Of course, when you grow tired of sharing walls with neighbors, or … Read More

How Much Home Can I Afford?

By First IB Mortgage Team on August 2, 2014

“How much house can I really afford?” We hear it all the time. The amount of mortgage you can be approved for is determined by two qualifying ratios: Mortgage Payment … Read More

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