Tag: Mortgage

Posted on 10/31/2024
Major Types of Veteran Mortgage Relief
If you have a VA loan, the U.S. government has options in place to assist you in case of financial hardship. There are multiple programs available to help you avoid late payments and foreclosure if your mortgage meets eligibility. Here are the major veteran mortgage relief options to know: Refund Modification A refund modification affects the principal and...
Mortgage
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Posted on 03/31/2021
Benefits of Shopping for Mortgage Rates
Photo by Nattanan Kanchanaprat via Pixabay Of course, you want to stay within your budget when buying a house. You certainly want value for your dollar. But a buyer should never lose sight of the fact what they truly desire is getting the home they want and that fits their needs. To that end, potential buyers may put...
Mortgage
Mortgage
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Posted on 02/03/2021
How Should Interest Rates Influence When You Buy?
Photo by Doubletree Studio via Shutterstock Interest rates rise in correlation to inflation and other economic activity. When that happens, it can increase housing costs. But the question is, should it prompt you to buy sooner than you’re ready? The Right Time Is Now In real estate, the right time is always now for someone. Is it the...
Mortgage
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Posted on 03/29/2020
Looking to Buy a Home? Let's Start with Your Loan
Photo by Nattanan Kanchanaprat via Pixabay If you’re in the market to purchase a home, it can be a confusing process. Interest rates, types of loans and what may apply to you can all sound like a foreign language. It’s always best to have some background knowledge before going to see a mortgage broker to make sure you’re...
Mortgage
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Posted on 01/26/2020
What are Prepayment Penalties?
Photo by Steve Buissinne via Pixabay Most are familiar with the key components of a mortgage: how much you're borrowing, what your interest rate is, how many years you'll be paying your mortgage back. There are many, however, who do not understand some of the finer details, including what prepayment penalties are and how they may affect you...
Mortgage
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Posted on 10/20/2019
Tips to Consider When Refinancing Your Mortgage
The Mortgage Bankers Association (MBA) refers to mortgage refinancing as a crucial aspect of all mortgages. This is partly because comparatively, low mortgage interest rates have encouraged homeowners to restructure their financial situations using their home equity. Homeowners should base their refinancing decision on their circumstances rather than mortgage interest rates. Here are tips to consider when considering...
Mortgage
Refinancing
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Posted on 09/15/2019
Some Key Mortgage Factors you Should Know
Are you planning to buy a home? There is a chance that you will need a mortgage to finance the purchase. You can get mortgages from credit unions, banks, or other financial institutions. The fact is that you must meet some basic qualifying criteria before you qualify for a mortgage. Depending on the lender, there are different requirements...
Personal Finance
Homebuyers
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Posted on 06/16/2019
Considerations When Choosing a Mortgage
People focus mostly on the interest rate when looking for the best mortgage. Other than the interest rate, there are some other variables to consider when looking for a mortgage that is ideal for you. One of the variables that you should consider is the length of the mortgage agreement. There are various options available, so you need...
Mortgage
Mortgage Rates
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