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Home Loan

  • How-to-Choose-the-Right-Mortgage-Lender-Featured

    How to Choose the Right Mortgage Lender

    Buying a home is one of the most important – and intimidating – financial decisions you can make, and picking a reputable lender who can work with you is a key part of it. Here are some steps to finding the right one. Get your financial house in order....
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    Are Mortgage Calculators Useful when Applying for your Home Loan?

    Even with growing access to data that was formerly reserved only for the financial elite, there is still a great deal of uncertainty about how to use available financial tools to help reduce the anxiety inherent in the process of purchasing a home. Perhaps the most effective of these...
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    The Disadvantages to a USDA Home Loan

    USDA home loans are favored among some first-time home buyers because they offer special incentives, such as not requiring a down payment, and are open to borrowers with low credit scores. The program is sponsored by the U.S. Department of Agriculture, which like all government offices, requires an application...
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    What Home Loan Program Options Are Out There?

    For almost as long as there have been home loans, there are home loan programs to help potential and first-time home buyers purchase the home of their dreams. The recent decline in the economy and, particularly, in the real estate market has resulted in the development of many more...
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    What is a Second Mortgage Loan?

    Second mortgage loans are also referred to as a “junior-lien” or a “home equity loan.” This type of loan works by using your house as collateral while you still paying on your primary mortgage loan. If you need a little extra income, a second mortgage loan may be an...
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    When Should you Apply for a Second Mortgage Loan?

    If you are drowning in debt or you have major home repairs that need to be completed, you may be thinking about taking out a second mortgage. It’s understandable if you’re on the edge about this type of loan because it uses your home as collateral. Since it can...
  • How-you-Can-Calculate-Mortgage-Costs-Featuredapplication form with a calculator and house. 3d

    How you Can Calculate Mortgage Costs

    Calculating mortgage costs for yourself is actually much easier than it ever has been. Because of the prevalence of the Internet, you now have access that was previously only available to the financial elite. Chief among these tools is the online mortgage calculator that will allow you to break...
  • Mortgage-Loans-101-Featured

    Mortgage Loans 101

    Mortgage loans are financial debt obligations people enter into with a bank, credit union, or other financial institution as a way of purchasing a home. Home loans are one of the most common ways to purchase a home today. Unless you have the cash in a bank account to...
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    Motivate Yourself To Move: Buying Your First House

    Buying a house for the first time can be a daunting process, but it shouldn’t have to be! Long, detailed, step-by-step advice can make you feel even more overwhelmed and unsure about the process. Let’s keep it short and sweet with two simple steps you need to take when...
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    6 Tips When Buying and Selling Your Home in 2016

    To help negotiate today’s real estate market and mortgage, here are six simple steps to buying and selling your home: Use homebuyer programs Utilize the programs specific to your local area to help you buy your next home. Websites such as HSH.com can provide tools to those house-hunting of...
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    Mortgage Company or Bank? We Compare the Pros and Cons

    Mortgage brokers and banks operate differently in the delicate ecosystem of mortgage buying. You obviously want to get the best deal and the best experience overall. But which one fits you? Let us point the way.  Get out your notepad. We’re going to talk about what a mortgage broker is...
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    What Is A Mortgage Rate Lock?

    A mortgage rate lock is a commitment the lender makes to an interest rate in the beginning of your loan application, which lasts for a certain duration while your loan is processing. If the rate fluctuates via market influences your interest rate for your loan will stay the same....
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    Mortgage Loan Types Available To First Time Home Buyers

    As a home buyer, it is paramount that you learn the different types of mortgage loans to ensure you understand which one is the most suitable for you. If you understand the loans available, and which ones you qualify for, you will be better enabled to maximize long term...
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    What Can You Get With A Good FICO® Score?

    A good FICO® Score gives you “buying power” – the power to purchase things. Without a good FICO® Score, a lot of your dreams may be harder to reach – like your own home, a dream vacation in the Alps or Hawaii, or that bright red Ford Mustang you’ve been...
  • real estate agent gives house keys to his client after signing contract

    Basic Mortgage Terms You Need To Know

    When you’re buying your own home, you had better go into it with an understanding of all the terms used in the mortgage business so that you really know what you’re getting into. Knowledge is power, and this is especially true when talking about large purchases like buying a...
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    10 Questions You Need To Ask Your Mortgage Lender

    Ask these 10 questions and use the answers you get to decide whether to go with a mortgage lender. This is a very important step of the process and should not be taken lightly. You should come to a potential lender with a list of questions already prepared. Do...
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    Comparing Mortgage Lenders

    Comparing mortgage lenders might seem like a chore. There are many lenders competing for your business with seemingly more and more attractive deals. But you need to be able to rationally compare and judge them to find the one who’s right for you. This is an extremely important decision...