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Best Choice Mortgage

Mortgage Choice - How to find the best home loan

Kristy Sheppard from Mortgage choice discusses about the importance of finding a home loan most suitable to your financial situation as well as ...

10 Mortgage Rules You Should Know by Heart -- The Motley Fool

3. If you put less than 20% down, you'll have an extra expense

The "standard" down payment when buying a home is 20% of the purchase price. It's possible to buy a home with much less down than 20%, but with a few notable exceptions (such as VA loans), doing so will require you to pay private mortgage insurance , or PMI. So, with a lower down payment, not only will you have a higher monthly payment due to a higher principal balance, but you'll have the additional expense of PMI added to your payment each month.

4. A great credit score can save you tens of thousands of dollars

It's common knowledge that better credit makes it easier to get approved for loans and can get you more favorable terms. However, many people don't fully understand how much of a difference this can make, especially when it comes to mortgages. Based on the current averages, a borrower with a 690 FICO score, which is generally considered to be a good score, can expect to pay $182,428 in interest over the term of a 30-year, $250,000 mortgage. However, a borrower with an "excellent" score of 760 can expect to pay $161,917, a savings of $20,511.

Invesco Mortgage: Is IVR a Good Stock for Value Investors?

Free Report ) stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks:

PE Ratio

A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This shows us how much investors are willing to pay for each dollar of earnings in a given stock, and is easily one of the most popular financial ratios in the world. The best use of the PE ratio is to compare the stock’s current PE ratio with: a) where this ratio has been in the past; b) how it compares to the average for the industry/sector; and c) how it compares to the market as a whole.

On this front, Invesco Mortgage has a trailing twelve months PE ratio of 9.8, as you can see in the chart below:

This level actually compares