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Tag: home buying options

Tag: home buying options

Paper cut of model house with coins on wooden table.

Everything You Need to Know About Collateral Loans

You’re probably familiar with several types of collateral loans without being aware that’s what they’re called. If you’ve ever paid for a home over time or financed an automobile, you’ve probably used a collateral loan. In a typical mortgage, the home itself acts as security for the loan; if you don’t make your house payments, ...
Female hands holding small house, natural background

How to End Your Mortgage PMI Payments Immediately?

When you get a house mortgage with a down payment that is less than 20%, the lender will require you to buy private mortgage insurance. The same would be true if you refinanced with less than 20% equity. However, mortgage PMI payments can be expensive so it’s best to remove them as soon as you ...
A real estate agent with a key. Red roof house.

What Factors do Mortgage Lenders Use During the Loan Process?

The purchase of a home is one of the biggest purchases you’ll ever make. As such, securing adequate financing through mortgage lenders to make the purchase is essential for most homeowners. Some consumers are concerned about whether they will be eligible for a mortgage loan. If you’re not sure whether you’ll be approved, you need ...
House model and money on weight scale with out of focus home.

How Much Should You Have in the Bank to Buy a Home?

Buying a home is going to require that you have some money in the bank. There are many expenses you will need to save up for beyond just the down payment.  How Much Money do You Need For the Expenses When Buying a House Before you buy a home, it’s important to note how much ...