Tag: Mortgage

Posted on 08/14/2024
30-Year mortgages: A brief guide
 Most homebuyers, even those just starting their...
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Posted on 07/05/2024
Things To Avoid After Applying for a Mortgage
There are a few key things you’ll want to avoid after applying for a mortgage to make sure you’re in the best position when you get to the closing table. Don’t change bank accounts, apply for new credit, make any large purchases or transfers, and don’t co-sign loans for anyone. Here’s a good rule of thumb. Always connect...
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Posted on 03/27/2024
Mortgage points: Pros and cons of prepaid mortgage interest
When buying a home, many homebuyers tend to search for the...
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Posted on 01/05/2024
Term of a mortgage: Understanding the basics
A major aspect of financing a home is choosing the “term” of a mortgage. But what exactly are mortgage terms? While terms vary by mortgage lender, many are shared across the board. The more you know about the terms of a mortgage, the better prepared you’ll be to pay it back. What is a mortgage “term”? In a...
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Posted on 01/04/2024
What is the mortgage, anyway?
For many, the concept of buying property seems completely...
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Posted on 11/29/2023
Veteran Mortgage Relief Guide: Key Terms & Details
The U.S. government has multiple options available for military veterans who may be facing foreclosure. Through the Department of Veterans Affairs, borrowers can get financial relief through means such as forbearance, deferment, refinancing and more. However, there are some crucial details to be aware of. Here are some of the most important things to know about current veteran...
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Posted on 12/14/2022
15-year fixed mortgages: A quick guide
Prospective homebuyers and current homeowners know that a mortgage is likely to go hand-in-hand with your home, unless another arrangement has been made. However, there are many options available for those monthly mortgage payments, most commonly through 30-year fixed rate mortgages and 15-year fixed rate mortgages. Most know about the 30-year option, but what about the 15-year fixed...
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Posted on 02/27/2022
Real Estate Voted the Best Investment Eight Years in a Row
In an annual Gallup poll, Americans chose real estate as the best long-term investment. And it’s not the first time it’s topped the list, either. Real estate has been on a winning streak for the past eight years, consistently gaining traction as the best long-term investment (see graph below): If you’re thinking about purchasing a home this year,...
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Posted on 07/30/2021
Applying for a Mortgage, Avoid These Mistakes
If you are going to apply or have already applied for a mortgage there are several things you want to know. As illustrated above you want to avoid making these mistakes because it can cause delays or even the possibility of not being able to get your home loan. During the mortgage application process, be sure to discuss...
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Posted on 07/07/2021
Do I qualify for a conventional mortgage?
Photo by TheDigitalWay via Pixabay Looking to buy your first home? Unless you have a couple hundred thousand in the bank, a rich family member or a winning lottery ticket, you’re going to have to borrow money. TV ads suggest it’s as easy as clicking your phone, and in some cases it might be, but you should know...
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Posted on 12/02/2020
Choosing the Right Mortgage Type
Photo by Alexander Stein via PixabayWhen it comes to a mortgage, most of us think of the same standard product; the 15 or 30 year conventional mortgage offered by banks and lenders. This is not the only mortgage option you have, though. Depending on your personal history and circumstances you may qualify for an attractive mortgage with lower...
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