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Mortgage Loans

Category: Mortgage Loans

Everything You Want to Know About Reverse Mortgages

There has been a lot of talk lately about a different kind of mortgage called a reverse mortgage. There are a lot of opinions about the pros and cons associated with a reverse mortgage. It has caused quite a bit of confusion for many people. Reverse mortgages are marketed towards senior citizens or those who have ...

The Ultimate First Time Home Buying Guide

If you are in the market to buy a new home, whether it’s your first time or you have forgotten about some of the details, this home buying guide can help you prepare for the journey ahead. What Is a First Time Homebuyer? When planning a first time home buying guide, it helps to define ...

Refinance Your Mortgage At Historically Low Rates

Refinancing is a process of obtaining a new mortgage to substitute your current mortgage. The new funds you obtain are used to pay off the remaining payment of your current mortgage, and then you will be accountable to repay the new loan. Like with the current mortgage, the new loan will need application charges, title ...

FHA Loans: Your Complete Guide

A FHA Loan (Federal Housing Administration) is a mortgage given by an FHA-approved lender and then insured by the FHA. FHA loans are a house mortgage created for low- and moderate-income borrowers since they require a lower minimum down payment and don’t require a high credit score when compared to conventional loans. In 2019, you only need to ...

What Are the Pros and Cons of Prepaying Your Mortgage?

Owning a home is a dream many people have, and it is a significant investment. Taking a mortgage allows many people to start the critical step of purchasing a home. Depending on the kind of mortgage you go for, it can become a burden for many people because of the monthly payments. You want to ...

Mortgage Broker Fees Explained: Home Loans 101

Shopping around for a house mortgage is an important step of the process. However, many people don’t have time to contact different lenders and look at all the little details so they choose to go with a mortgage broker instead. Before you decide to go with a mortgage broker, you should understand how mortgage broker fees work so you ...

What Credit Score Does a Mortgage Lender Require?

When thinking about purchasing a new house or refinancing your mortgage, you need to think about the credit score required by mortgage lender. The credit score required by mortgage lender can make or break your loan approval and will carry the most weight when it comes to determining your mortgage rate. Lenders will rely on ...