Summary: Navigating the Mortgage Maze, with Dale Vermillion – Howard Dayton and Steve Moore welcome Dale Vermillion to discuss key considerations for wise mortgage decisions. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "My daughter has been offered a 'bi-weekly mortgage' - is that a good idea? " "How do I switch from a variable rate mortgage to a fixed rate?" "I've had an adjustable rate mortgage for a number of years. So far, it has served me well, but is it time to jump to a fixed rate?" "How does your credit score affect your ability to get a mortgage and what percentage rate you'll get?" "We've borrowed to invest in some land. Should we mortgage our debt-free home to pay off the land, or possibly consider investing elsewhere?" Mentioned on today's program were Howard's books, Free and Clear and Money & Marriage God's Way (also on CD). Be sure to check out the Compass website for a complete listing of helpful resources and radio archives. Thanks for your prayers and generous financial support which allow us to keep MoneyWise on the air!
