Tag: Mortgage

Posted on 03/31/2024
3 VA Loan Benefits You Should Know
The U.S. Department of Veterans Affairs has helped countless veterans finance their home ownership goals. While you have the choice of a conventional loan offered by other mortgage lenders, there are some significant benefits to VA loans. Here are some of the most important advantages to consider: No Down Payment The most famous benefit of VA loans is...
Loan Beneftis
Loans
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Posted on 09/10/2023
Your quick guide to 30-year mortgage rates
 Most homebuyers, even those just starting their...
15 Year Mortgage
30 Year Mortgage
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Posted on 03/19/2023
Mortgages: Which 15-year loan is right for you?
Mortgages can be a very flustering part of the homebuying...
15 Year Mortgage
Fixed Rate Mortgage
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Posted on 03/19/2023
Options for Veteran Mortgage Relief to Consider
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
Mortgage
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Posted on 02/19/2023
Should I refinance my mortgage? 3 Simple checklist items
At some point, numerous homeowners ask themselves, “Should...
Home Finance
Home Loans
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Posted on 12/04/2022
The who, what & why of servicing a loan
Mortgage servicers are companies responsible for the...
Loan Servicing
Mortgage Lender
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Posted on 10/16/2022
Financial real estate terms buyers should know
The more real estate terms you understand, the more comfortable you will be in your home buying process. This is especially true for financial vocabulary related to real estate transactions. To help familiarize you with some of these important concepts, here is a quick guide to financial real estate terms: Fixed rate mortgage A fixed rate mortgage is...
Down Payment
Fair Market Value
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Posted on 09/18/2022
What is the term of a mortgage? Your questions answered
A major aspect of financing a home is choosing the “term”...
Adjustable Rate Mortgage
Fixed Rate Mortgage
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Posted on 02/27/2022
What You Need to Know About Refinancing Your Mortgage
Many homeowners have experienced a moment when they have wished for a lower mortgage payment. With a mortgage refinance, you could effectively lower your monthly payments. Not sure where to begin with refinancing or whether it's right for you? We've got you covered with some tips and considerations. What is Refinancing? When you refinance a mortgage, you're essentially...
Finance
Finance
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Posted on 01/03/2021
Points: How They Benefit You
Photo by Precondo via Pixabay Some mortgage companies offer loans with points. In a nutshell, paying points means paying down the interest rate. One point is equal to 1 percent of the mortgage amount. On a $200,000 mortgage, one point is $2,000. The percentage the interest rate lowers depends on the mortgage company and the market. For example,...
Mortgage
PMI
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Posted on 11/29/2020
Types of Mortgages for Home Buyers
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...
Mortgage
Mortgage
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