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Tag: Mortgage Loan Shopping

Tag: Mortgage Loan Shopping

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 ...

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 ...

Getting a Mortgage with Good Credit: Interest Approved

Buying a house is an exciting time in your life. It is the beginning of the journey to owning something of incredible value. Perhaps it becomes your first real asset. It can also be an incredibly scary time, especially if this is your first house. There are so many things to consider. You probably have no idea ...

Mortgage Loan Basics Spelled Out: Lending 101

Let’s talk mortgage loan basics: A mortgage is a loan on property – for example, your home – which is paid back over time to the lender along with an agreed upon interest rate. What makes it different than a simple “loan” is that the lender has the right to take over the property if ...