Why Refinance a Mortgage?

Homes / August 23, 2015

Homeowners typically choose to refinance their home in order to get a lower interest rate, get smaller monthly payments, or to change the length of their mortgage. There are several reasons a homeowner would look into refinancing a mortgage. Probably the most popular reason homeowners refinance is to get a lower mortgage interest rate, and a smaller monthly payment. Always be sure to know all up the up front

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Who Owns Your Mortgage Loan?

Mortgage / August 16, 2015

Most people make their mortgage payments each month without paying much attention to the lender’s name on the statement. Sometimes a notice will come in the mail, alerting them that their mortgage is being handled by a new company-but the payment amount remains the same. So what difference does it make? Not much-until the relationship gets more complicated.

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Colorado Home Mortgage Loans: 3 Things to Look for in a Lender

Mortgage / August 7, 2015

Selecting a good home loan lender in Colorado requires a little research. There are many types of lenders operating within the state. These include traditional financial institutions such as banks and credit unions. Furthermore, applicants can apply with mortgage companies. Regardless of chosen method for obtaining financing, borrowers must consider several factors when looking for a lender. Trustworthy

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The Decision Making Requirements for a Second Mortgage Refinancing

Selling / July 28, 2015

With lower interest rates the industry standard for real estate, taking out a second mortgage instead of refinancing the first mortgage has become more popular in recent years. A few years ago the average person was able to purchase a home at an 8.5 to 10 percent interest rate. These people stand to gain by refinancing at a rate that is now at 7 percent or less. It is advantageous to take a longer term mortgage

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How to Appraise Your Current Home or Home You Are Going to Buy At True Market Value

Homes / July 16, 2015

Home appraisals, although used in many instances, are designed to determine the true market value of the property in consideration. Market value is how much the property is worth according to what type of property it is, what condition it is in, and other properties similar to it in the immediate area. The only problem with home appraisals is that they can often differ greatly among

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How to Get Bank of America Loan Modification Application Approved – Tips For Loan Approval

Mortgage / June 21, 2015

Every day Bank of America receives hundreds of applications for loan modification but not all of them get approved. Many genuine applications are rejected on a daily basis because of one reason or some other. But when we say genuine application, it means that the case is real. So where is the problem? The problem is lack of knowledge about the loan approval process. Getting

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Homeowner’s Grants

Selling / June 13, 2015

Sophisticated scam artists present their “service” for getting a homeowner’s grant for free in any possible medium for you to see accompanied by an attractive call for action from you for more information. Others are more audacious and blatantly call you with an offer without warning. “Because you pay your income taxes on time, you have been awarded a $12,500 homeowners grant! To get your

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Problems That Can Occur When Refinancing Your Home

Homes / June 10, 2015

Refinancing has become a common practice in today’s society since most homeowners do not hold their original mortgage for the entire term of the loan for a variety of reasons. Since this process is actually a new loan, there are problems that can occur when refinancing your home. Credit Issues Very often there are credit issues that appear on the homeowners credit report which they did not know

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What Are Mousetrap Mortgages?

Selling / June 5, 2015

As lenders fall over themselves to offer ever more attractive mortgage offers, borrowers must first do their maths before embarking on an enticing deal offering a low introductory interest rate or a fee free deal. How does an introductory rate of 2.25 per cent grab you? What about a fantastic mortgage deal with no fees or charges attached? In the current climate borrowers are understandably anxious

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Areas to Cover If You Are Modifying Your Mortgage on Your Own

Mortgage / June 1, 2015

A lot of homeowners often wonder whether it is actually possible to modify your mortgage without employing the services of a loan modification company. The huge fee charged by a company or an attorney is a huge turnoff for families who are already struggling with their financial situation. Ideally, every homeowner would like to apply with their mortgage lenders without any outside help but lack of knowledge

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