Starting Real Estate

Ameriquest Mortgage Company has done something truly amazing… they put out an honest and informative pocket e-book about financing.

Right off the bat, they let people know that even at six percent, they will likely end up paying more interest than the original loan. They also let people know what to watch out for (like the catch when interest-only financing runs out, what negative amortization means, and they warn about prepayment penalties). They nicely explain both fixed and adjustable rate mortgages (ARM’s). They explain reverse mortgages and equities.

They even explain when not to refinance (which is their business). In the end, they include a further links and agencies.

Simply fantastic.

Check it out for yourself: Ameriquest’s Mortgages 101