San Diego, CA (PRWEB) May 02, 2014
PropertyHistory.us.org is going to launch a guide to help potential homeowners pick the right type of mortgage for their unique needs, the company announced yesterday.
“There are many different types of mortgages that people can qualify for,” a PropertyHistory.us.org spokesman said. “Not all of them are created equal. Some of them are better for the bank than for the consumer. But most consumers don't have a handle on what the differences are between mortgage types. We want to help with that.”
The PropertyHistory.us.org Mortgage Guide will break down the pros and cons of each type of mortgage available to the average consumer, he said.
“We'll explain them in plain English so that people don't get bogged down in banking jargon,” he said. “The differences are rarely explained to people, and we want to change that. Picking the right mortgage can be the most important financial choice a family ever makes.”
PropertyHistory.us.org noted that choosing the wrong mortgage can cost people thousands and thousands of dollars over time.
“What upsets us most is when a consumer thinks they will be making a certain monthly payment on their mortgage, and then finds out in a few months that their mortgage has skyrocketed,” he said. “But we are also upset when consumers find out that they have chosen a mortgage that is delivering a lot of interest payments to their bank but not building up much if any equity for them.”
PropertyHistory.us.org allows consumers to look up the value of any home on or off the market. View property records like foreclosures, flood damage, previous owners, current market value and more. Get more information about a current residence or a property you are interested in purchasing with this large property database. Visit PropertyHistory.us.org to chat with a live representative, call 1-866-605-0311, or email Manager(at)PropertyHistory(dot)us(dot)org with any questions or concerns.