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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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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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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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To buy points or not to buy points? If you plan on having your loan for a while then you want to put more money down, buy some points, and get a lower interest rate. Even if you don’t know how long you’re going to have your loan due...
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What is a FICO® Score? A FICO® Score determines the available credit, as well as the guidelines with which credit is given, such as interest rates. It helps the lender determine the risk involved with lending you money. FICO® Scores are calculated from the credit reports from specific agencies....
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You’re applying for a mortgage and you feel overwhelmed by the acronyms, numbers, and terminology. You don’t know where you should start. Well, you’re not alone. The majority of people are almost completely in the dark when it comes to the finer points of their mortgage agreements and don’t...
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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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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...
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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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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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Once you’ve figured out your budget and what kind of repayments you are able to afford you are well on your way to finding the mortgage to suit you. Before you go searching though, ensure your financial assessment is clear, and deal with any other pending obligations. Do some...
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Are you currently looking to obtain a lower rate of interest on your mortgage? Do you want to shorten the term or convert from an adjustable-rate mortgage (ARM) to a fixed-rate mortgage (or vice versa)? Then it’s probably time you look into refinancing your home. In the simplest of...
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Is it better to rent or buy a home based on cost and convenience? The only answer to this is that it really all depends on your financial situation and circumstances in life. However, for most parts, in the long run, owning a home is always much better than...
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Credit cards – they can be a friend or a foe! As you get ready to enter into the world of credit cards or add another card to your menagerie of other cards here are a few tips to keep in mind: Make sure that you will be able...
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Refinancing is used as a broad term that indicates paying the costs of one loan using the gained profits from a different loan. Many people use the term refinancing to refer to a substitute of a loan, combined with the second loan for the purpose of saving money Today...
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For many people in America and around the globe, owning a home is their top priority. While some people opt to save in order to meet this goal, others explore a number of other options. One of the options adopted by many people is a home loan. Apart from buying...
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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...
-
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...
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...
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...
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...
To buy points or not to buy points? If you plan on having your loan for a while then you want to put more money down, buy some points, and get a lower interest rate. Even if you don’t know how long you’re going to have your loan due...
What is a FICO® Score? A FICO® Score determines the available credit, as well as the guidelines with which credit is given, such as interest rates. It helps the lender determine the risk involved with lending you money. FICO® Scores are calculated from the credit reports from specific agencies....
You’re applying for a mortgage and you feel overwhelmed by the acronyms, numbers, and terminology. You don’t know where you should start. Well, you’re not alone. The majority of people are almost completely in the dark when it comes to the finer points of their mortgage agreements and don’t...
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...
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...
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...
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....
Once you’ve figured out your budget and what kind of repayments you are able to afford you are well on your way to finding the mortgage to suit you. Before you go searching though, ensure your financial assessment is clear, and deal with any other pending obligations. Do some...
Are you currently looking to obtain a lower rate of interest on your mortgage? Do you want to shorten the term or convert from an adjustable-rate mortgage (ARM) to a fixed-rate mortgage (or vice versa)? Then it’s probably time you look into refinancing your home. In the simplest of...
Is it better to rent or buy a home based on cost and convenience? The only answer to this is that it really all depends on your financial situation and circumstances in life. However, for most parts, in the long run, owning a home is always much better than...
Credit cards – they can be a friend or a foe! As you get ready to enter into the world of credit cards or add another card to your menagerie of other cards here are a few tips to keep in mind: Make sure that you will be able...
Refinancing is used as a broad term that indicates paying the costs of one loan using the gained profits from a different loan. Many people use the term refinancing to refer to a substitute of a loan, combined with the second loan for the purpose of saving money Today...
For many people in America and around the globe, owning a home is their top priority. While some people opt to save in order to meet this goal, others explore a number of other options. One of the options adopted by many people is a home loan. Apart from buying...
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...
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...