What You Need to Know When You Refinance a Home Loan

Mortgage / January 30, 2016

Are you thinking about refinancing your home loan? Do you have nagging bills that you want to get paid? Do you want to do improvements on your home? If you answered yes to these questions then you need to educate yourself about the options you have when you refinance a home loan. Read on to learn more about your choices. Interest rates have fallen considerably over the past few years. If you have

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Understanding the Difference Between US and Canadian Mortgages

Homes / January 27, 2016

The major difference between how mortgages are calculated in the US and Canada rests solely on the way compound interest is calculated. To understand the difference between US and Canadian mortgages, however, we should start at the beginning. Compound Interest The underlying assumption of compound interest is that interest is earned on interest. Therefore, with compound interest

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Home Mortgage Ideas That Can Save You Money

Mortgage / January 24, 2016

Do you want some great ideas that can help you save money on a home mortgage? If you are looking to find a home mortgage, then this article will help you save potentially tens of thousands! Let us find the savings! Whatever your lifestyle, and level of income, you will find that mortgages are expensive. You will find that you have to pay for this – for a long time. In fact, when you decide to get a mortgage

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FHA Loans For the First Time Home Buyer

Mortgage / January 20, 2016

First time home buyers represent a large population in the United States and many can experience trouble when trying to become a homeowner for the first time. For some it’s the lack of credit that they have built up due to being early in their careers and just graduating from college. In our economy today it can also be the lack of a job being held for many years as proof of stability and of course the insufficient

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How to Get a Bank of America Mortgage Refinance Approval

Homes / December 29, 2015

Getting approved for a mortgage refinancing is not as hard as many homeowners are led to believe. Even with the economy in such bad shape, Bank of America is still able to offer some of the easiest eligibility requirements, and best refinancing options to millions of homeowners. Getting approved is easy, and here are some tips. First, get your finances in order, and check your credit rating and history.

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Citimortgage & Citibank Loan Modification – Sign-Up Now For the Affordable Home Plan

Homes / December 29, 2015

Every homeowner applicant can request their consideration, even if they have already been turned down on a prior application. Citimortgage and Citibank, as per their agreement with the government, must offer this plan to every homeowner who applies, under the new federal guidelines and subsidies. So if you have been refused a mortgage modification before, now is the time to reapply.

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What Rising House Values Mean To You As A Buyer

Mortgage / December 5, 2015

Those of us in the real estate and mortgage industry have been telling clients that we are seeing housing prices on the rise, now there is empirical data to support our anecdotal evidence. The Case-Shiller 20 City Composite report is showing that the average of the 20 cities has the housing prices on the rise, back to the levels of April 2004. In news that is a little more

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What Is Private Mortgage Insurance and What Does It Mean for You?

Homes / November 23, 2015

Private mortgage insurance, known as PMI, is an insurance that lenders require borrowers to take out if they are borrowing more than 80% of the value of their new home. Decades ago, most people would not think about buying a house without 20% down. However, times do change. Many people come to the table with 3% to 10% in a down payment. The more a lender gives to a borrower on the value of a home, the more risk there

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Refinancing Revolving Home Equity Credit Lines with a Fixed Interest Second Mortgage

Mortgage / November 22, 2015

A revolving credit line can mean paying off large debts and finally having the money you need to tackle those home improvement projects that have been pending. However, there are many options when it comes to a revolving credit line, a fixed interested second mortgage often being the best choice since a fixed mortgage rate is not as risky as some of the other options. Second mortgages

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When to Get a Second Mortgage

Homes / November 8, 2015

If you find yourself struggling to make ends meet, in need of some additional money for home repairs or home improvements, or just find that you have some financial need that you can’t fulfill with your standard wages, you might want to consider taking out a second mortgage on your home. Of course, when many people think of a second mortgage they think of the scenario that’s usually presented

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