Rob Spinosa

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2 selected videos

Mortgage Types, Payments and Calculations

Home loan professional Rob Spinosa of http://www.themortgagedictionary.com explains different types of mortgage loans; include fully-amortized, interest-only, balloon loans and negative amortization loans. Rob also covers how to calculate mortgage payments and mortgage calculators you can use to help determine the best loan for your needs. Repayment types for fixed rate loan, adjustable rate mortgage (ARM loans), balloon mortgages and option ARM are discussed and detailed.

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Related topics : loan mortgage rate calculator / amortization loan calculator with balloon / calculating loan payments / interest rates loan

Owner Occupied, Second Homes and Rental Property

The Mortgage Dictionary provides a comprehensive yet simple review the differences between the three occupancy classifications for residential mortgage financing. Definitions of owner occupied (primary), secondary (vacation), and investment (non-owner occupied or rental) properties are given. If you're asking, "is this a second home or investment?," this video goes through the differences and how to address interest rate adjustments associated with rental property. More specifics and for...

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Related topics : vacation homes rental by owner