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Category | Mortgage News

Don’t Take The First Mortgage Package On Offer, Get What Works For You

Home lending is a gigantic industry in the United States; in 2014 lenders originated $1.24 trillion in new home lending and there are more than 7,100 lenders. There are plenty of different mortgage plans available for you to choose. So, as a consumer considering taking on a new mortgage, you can afford to be picky. […]

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Get Ready For The Bump When Your ARM Adjusts!

The Day Has Arrived That day that you thought was far off in the future when you signed for your adjustable rate mortgage has come. Yes, it’s time for your interest rate to adjust and you don’t know what to expect. Perhaps you secured a low initial rate by going with the ARM or you planned […]

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As Prices Go Up How Soon Can I Refinance My Mortgage?

Don’t Just Churn Your Finances Once you have closed on your mortgage, collected the keys and settled into your new home, you might start thinking about how you can get a better deal. Maybe your payments are high, compared to the market rate, or you want to change the term over which you repay the […]

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What Are The Rules For Self-Employed Borrowers?

Information Is The Key For Self-Employed Borrowers Independent professionals and freelance workers lack the paperwork that lenders rely on to determine the financial condition of employed applicants. About six percent of the non-agricultural workforce is self-employed. When self-employed people want to purchase homes, they find that they live in a different financial world than the […]

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5 Tips To Finance Rental Units

Private investors often act as lenders to finance deals that provide reliable security on which to earn income and asset growth. This sector of real estate lending and investment is the least regulated, which is a good thing because you can get creative to add value in the deal; it also means that you need […]

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What Will Influence The Price Of My ARM Rate-Hike?

The Adjustment Depends On The Index When you take out an adjustable rate mortgage (ARM), you agree to allow your lender to make periodic adjustments to the interest rate that you pay on the balance of your home loan. The mechanics of the adjustments come from the terms that you agreed to at the beginning […]

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Why Shorter Terms Pay Lower Interest Rates And Other Interesting Facts

Where is the logic in the way that lenders choose interest rates? Why are fifteen-year home loans cheaper than thirty-year mortgages? To understand how banks and finance companies set prices you have to look at it from their perspective, the point of view of the people who are lending the money. They are in it to […]

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How Much Will It Cost To Refinance Your Mortgage?

The question of the cost of refinancing your mortgage is simple enough on the surface, but the details and the fees add up and appear before you begin and then over the lifetime of the new loan. You need to look carefully at the costs of a refi before you commit to even formally applying […]

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When Would You Leave One Partner Off The Loan Application?

Spouses Go Solo They do say that two can live as cheaply as one and a marital partnership usually supports the case for homeownership.  However, occasionally one partner has a mark on their credit history that makes the exception to this rule. In such situations, it might be better to leave them off the loan […]

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Prequalifying When You Still Have Outstanding Student Loans

It is a fact of modern life that if you have attended college in the last decade, you are likely to carry a debt from the effort. You might have ambitious plans about how you want to live your life and find that this debt is the greatest obstacle in your path. Specifically, how do […]

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