Tag: Mortgage

Posted on 02/06/2022
What You Need to Know About Refinancing Your Mortgage
Many homeowners have experienced a moment when they have wished for a lower mortgage payment. With a mortgage refinance, you could effectively lower your monthly payments. Not sure where to begin with refinancing or whether it's right for you? We've got you covered with some tips and considerations. What is Refinancing? When you refinance a mortgage, you're essentially...
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Posted on 01/23/2022
Veteran Mortgage Relief: Important Things to Know
The U.S. government has multiple options available for military veterans who may be facing foreclosure. Through the Department of Veterans Affairs, borrowers can get financial relief through means such as forbearance, deferment, refinancing and more. However, there are some crucial details to be aware of. Here are some of the most important things to know about current veteran...
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Posted on 10/03/2021
How a Land Contract Differs from a Mortgage
Image by mohamed Hassan from Pixabay A land contract and a mortgage have a number of similarities. For example, you can use either option to purchase a home Both loans must be repaid on a monthly basis. Understanding the Differences A land contract is a legal agreement between a buyer and a seller. Rather than a traditional mortgage...
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Posted on 07/14/2019
Strategies for Lowering Your Closing Costs
The closing cost is the last sum of money home buyers to pay after which there will be no further payment. The closing price can be surprisingly huge. This bill ranges from 3% to 6% of the mortgage. Do the math, and this means that the closing cost on a $300,000 home is around $9,000 to $18,000. It...
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Posted on 07/07/2019
How to Secure a Home Mortgage
A mortgage loan is crucial to owning a home unless you can afford to pay cash. Mortgages are significant; they're used by individuals and businesses to make large real estate purchases without paying the entire purchase price up front. Over the years, the borrower repays the loan, plus interest, until he or she owns the property free and...
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