Tag Archives: Mortgage

Pros and Cons of Adjustable Rate Mortgages

When you are in the market for a new home, you may be faced with numerous options for financing your home. One of the choices you will have to make is whether to apply for a fixed or adjustable rate mortgage. In some cases, an adjustable rate mortgage (ARM) may be your best option, but keep in mind, they are not the answer for everyone. Continue reading

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Should You Pay Discount Points When You Get Your Mortgage?

One of the challenges you will face when deciding how much money to put down on your new home is whether to put down a larger down payment or to take a bit of money from your down payment and use it to buy “discount points” to lower your interest rate. Continue reading

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Look Beyond The Interest Rate: What Else Matters When Choosing A Mortgage Lender?

Most consumers securing a mortgage plan to remain in that loan for 30 years. During that time, the borrower maintains a relationship with the loan servicer or lender. Most often, home buyers do not think twice about who the mortgage lender is, but rather focus on the interest rates offered. Continue reading

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How The 2018 Tax Changes Can Affect Your Mortgage

When the chatter was at its peak on the 2018 tax law changes being proposed, one of the big areas of concern for homeowners was the elimination of the mortgage interest deduction. Right behind that issue was a similar treatment with regards to property tax deductions. Continue reading

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Manage These 3 Items Before Applying For A Mortgage

Mortgage lenders weigh the risk of getting their principal and interest paid back by looking at the qualities of the prospective borrower. Due to the amount of money being requested and lent to purchase homes, those requirements can become daunting. Continue reading

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Should You Consider an Adjustable Rate Mortgage For Your Home Purchase?

With mortgage rates finally looking like they may move upward a bit as the overall market improves the adjustable rate mortgage starts to come into play again. Continue reading

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Questions and Answers Regarding The Veterans Loan Program

Owning a home is important to military veterans just like the majority of other consumers. The Veteran’s Administration has provided an exceptional benefit for those who have served (or are currently serving) in any of the armed forces. And this VA Loan Program is helping thousands of service members achieve the goal of home ownership. Continue reading

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The Younger Mortgage Market: Move Over Millennials, Gen Z Is Moving Into Home Ownership

Although the majority of the Generation Z population make $25,000 or less per year, they really have embraced the American Dream of home ownership. Continue reading

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A Mortgage Pre-Approval Can Help You In Your Home Purchase Negotiations

A mortgage pre-qualification is an initial estimate of what type of mortgage a borrower could get. It is limited, though, because it’s only based on what the borrower tells the lender, which might not be the same as what the lender finds out when it goes through a full process of analyzing the borrower and his credit. Continue reading

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Over 5 Trillion Dollars In Home Equity May Lead To More Cash Out Transactions

US homeowners now have over 5 trillion dollars in home equity which is a very large amount of money! So this year may be the year for a lot of cash out refinances and other home equity mortgage products. Most often, when you are purchasing a home, you are buying at or below the appraised value and you are making a down payment. Continue reading

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