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Mortgage Loans

Category: Mortgage Loans

Your Guide to Understanding the Different Types of Mortgages

When you are buying a home, it’s likely that you will need a residential mortgage. There are different types of mortgages that you may need to consider based on your unique situation. It is important to shop around and make an informed decision. Also, remember, you are not alone in this. You surely have a lot ...

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 ...

Tips for Paying Off a Mortgage Faster

Owning a nice home is the dream. Paying on it until retirement is not. And yet, this is what many people find themselves facing. Maybe not all the way to retirement, but pretty close. Paying off a mortgage fast seems to be a part of that dream as well. I remember running across an ad ...

Your Guide to Understanding the Mortgage Process

A mortgage is a loan on a property. A house mortgage is for your home. This loan is paid back over time with an interest rate you and the lender both agree on. It’s different than a traditional loan because the lender has the right to take the property if payments are not made. This can be ...

Common Home Mortgage Terms and Definitions

You want buying a house to be simple. It is not. You might end up lucky and only need to view a handful of homes. More likely though, you’ll look at least ten houses. Some will have the right price. More than likely, you’ll settle on a home that comes close to the price and ...

When Is The Right Time to Refinance Your Mortgage?

Buying a home is one of the most important decisions that people make during their lifetime. However, the process makes for an expensive investment, making it necessary to ensure proper financial planning before making the purchase. With property prices going up by the day, a good number of people turn to mortgages to help them ...

Subprime Mortgage Loans For Bad Credit Borrowers

Buying a house does not have to wait for you to earn perfect credit. It also does not have to wait for you to save all the money to buy it outright. You can still obtain bad credit mortgage loans. The financial communities refer to this as a Subprime Mortgage Loan. What is a subprime ...

Mortgage Loan Statistical Overview: By the Numbers

Most of us want at least THREE things from home-buying experience. First, we want to FEEL GOOD about it. We want to believe we’ve settled on the right house, negotiated a good price, and locked in a decent interest rate with the right lender. Second, we want to UNDERSTAND IT, at least enough that we ...