Ultra Blog

Welcome to Mortgage Matters - the Ultra Mortgage blog. This page has been designed with you in mind.

***Send all questions to: mortgageblog@ultra123.com - We will do our best to answer your mortgage questions each and every week. Check back frequently because we will post the answers to your questions right here.

Prior to redesigning the website we specifically asked our visitors which features they thought might be helpful to them and to those who had specific questions about mortgage loans and mortgage financing. One of the responses which we heard consistently was an interactive question and answer related to mortgage and home financing questions. In the process we hope to help others who have similar questions. We hope that you find it helpful.

We would like to encourage everyone to feel free to participate here. Feel free to email any questions you may have to mortgageblog@ultra123.com and we will do our best to give you some thoughtful, timely information which may be helpful to you.

Hopefully we can have some fun here at the same time and enjoy ourselves. Keep the questions coming.

Should I Lock My Rate?

Posted by: Brian Burtcel Posted on: 2007-12-14 | Last edited on: 2007-12-14

Fran from Dewey Beach, Delaware asks:  Can you explain how your rate locks work?  Should I lock my rate right now?  I have been trying to watch the markets and figure this out but it's no easy answer for me.  We are closing at the end of... (Read More)

To Pay Points or Not To Pay Points?

Posted by: Terry Stafford Posted on: 2007-10-27

Scott from New Hampshire asks:  I am in the process of being transferred to another state.  This will be the 2nd time in like 5 years that my family and I are going to be moving due to a work related transfer.  Since we are moving from... (Read More)

Pay Option ARM Mortgage Loans - Good or Bad?

Posted by: Joel Berinson Posted on: 2007-10-20

Winston from Bonita Springs, Florida asks:  I saw on your web-site that you are offering a pay option loan for 1.25%.  I've heard that these loans are dangerous loans and should be avoided at all costs.  Are they a danger loan?  What do you have to say about... (Read More)

FHA vs. Conventional Mortgage Financing

Posted by: Terry Stafford Posted on: 2007-09-29

Carla from Madison, NJ asks:   "Me and my husband are in the process of buying a new home.  This is going to be the second home that we've owned together.  We were recently told we should be looking at fha... (Read More)

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