Do you hate all the junk mail you get from direct marketing mailing lists? I know that I do. I love the great offers, but I hate the little print. My father was a loan broker, so I know a little more about loans than most.

I personally feel most comfortable with a fixed rate mortgage. A fixed rate means that no matter what the interest rates do (either go up or down), you keep the rate that you got with the loan. There are also ARM mortgages. ARM stands for Adjustable Rate Mortgage. These are usually set as 1 year, 3 year, or 5 year. That means your interest rate stays fixed until the predetermined length of time. After that, your loan will adjust with the interest rates. There are also interest only loans. Your loan payments only cover the interest that is accumulated every month. You can also get mortgages that you only have to put down 20%, 10% or absolutely nothing. There are quite a few other kinds of loans out there, but these are the ones that are used the most.

I wish more companies out there would not offer their mortgage leads loans like the 0% down and the interest only loans. These loans usually never allow you to pay down your house. If you want to be able to sell in say five or seven years, you will not have enough equity to do pay for the fees associated with selling.

Companies like Red Clay Media helps companies use mortgage intelligence to determine who to send offers to. Instead of sending information to people who really can’t afford it, the mortgage company would be sending their information to those who can. They save money, and you don’t get as much junk mail. I see this as a win/win deal.