Oklahoma Mortgage Quotes

We've helped mortgage consumers find affordable mortgage rates since 2004 by offering unmatched Oklahoma mortgage quotes. The World Wide Mortgage Group also offers several mortgage loan resources and mortgage calculators .

Getting Free Oklahoma Mortgage Quotes is simple and quick.

Low cost mortgage rates are still available for Oklahoma. All Loan Types Available: Purchase Home Loans , Refinance , Home Equity , Home Improvement , Debt Consolidation (real estate required), 125%, Cash-out, FHA and VA , Construction and Commercial loans

Here are three easy moves that can save you many thousands of dollars on your mortgage:

Refinance but pay the old amount . With your new lower rate you'll be making a lower payment, but by sticking with your previous payment the loan will disappear faster. Say a couple refinanced a 30-year mortgage that has a balance of $192,500 and 27 years left on the loan. By swapping their 6.25 percent loan for one at 5.75 percent, the borrowers will see their payments drop from $1,231 a month to $1,123. But check out what happens if the couple keep mailing in checks for $1,231: Their mortgage ends 34 months early and they save a total of $42,817 over the life of the loan.
Make an extra payment . Depending on the rate and the remaining term, you can shave several years off your mortgage simply by writing just one extra check a year. (Lenders might urge you to sign up for a formal biweekly-payment plan that typically costs a few hundred dollars, which accomplishes about the same thing. But such programs hold you to the extra payments so you lose the flexibility of paying more only if you wish.) If you can't afford one extra payment a year, then try rounding up when writing mortgage checks. If you owe $1,351 a month, write a monthly check for $1,400. Every extra amount you pay goes directly to reducing principal.
Take out a shorter-term loan . When refinancing, it's easy to focus on your new low monthly payment instead of looking at the big picture: the total payment over the life of the loan. Grabbing a lower rate can actually turn out to be a costly mistake if it requires you to make many more years of mortgage payments.

Complete our short mortgage inquiry form. We'll start assessing your financial needs against the hundreds of programs we have available immediately.

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Foreclosures continue to rise across the nation

It is indeed a grim picture across the nation going by the rise in foreclosure filings for the year 2006. At the latest count it stood at nearly 985,000 showing a jump of 52% compared to the previous year.

Several realty watch organizations have been putting out the numbers but the message is clear. The real estate market is in the throes of some important structural corrections. The upward rise in prices has not sustained. As a result, those who bought property believing to trade on equity with further increase in market prices saw their calculations go terribly wrong. Lenders, who financed such transactions, are left facing a contracting market and less-than-satisfactory client portfolio. Add sub-prime mortgages and the scenario gets more bizarre.

The largest number of foreclosures, nearly one-tenth of the total national figure, was in the Northeast. The foreclosure rate stood at 65% and the number of foreclosure was roughly 95,658 showing a steep hike from 57,985 in 2005. The only silver lining was in Maryland and Delaware, where the foreclosure rate actually fell by 25.9% and 33% respectively. It is difficult to predict whether this could be a foreboding of what is to come.

The trend continues the same in the Southeast region as well. It showed a rise of 38% and the absolute numbers were 221,230 up from 160,310 in the previous year. Florida topped with 121,000 foreclosures second only to California for the highest number in one state.

The Midwest region bore the brunt of a slowdown in the manufacturing sector and the tough economic condition. The increase for the region stood overall at 72%. Nearly 205,000 foreclosures were filed. While Illinois, Michigan, Missouri, Nebraska and North Dakota showed increases in the range of 85-95%, Iowa and Kansas grappled with 103-108% rise.

In the Southwest region, the foreclosures touch an average of one out of every two filed in the whole nation. California filed the highest number with over 156,000. Colorado came second with an increase of 55% with 69,211 filings. Texas showed a rise of only 36% with 107,235. Here again, the cheerful news came from Louisiana, New Mexico, Oklahoma and Oregon all of which showed a dip in foreclosure filings for the fourth quarter compared to the previous quarter.