Mortgage & Refinancing InformationAdjustable Rate BasicsAn adjustable rate loan, most simply stated, means that your interest rate can be adjusted up or down over the months and years. By adjusting the interest rate your monthly payments might also change. How to Buy a Home Without a Down PaymentMortgage rates are rising and it's becoming more difficult for a prospective buyer to save up for the necessary down payment. Fortunately, there are ways around this hurdle. Homeowner Loans - Drawing Lessons of the PastLoans are not of a recent origin. People used to take help from others even at times when money was unseen and barter was the mode of trade prevalent. What is a Homeowner Loan?If you are a homeowner, it couldn't be easier to apply for a Homeowner or Secured loan. Secured loans - i. Private Mortgage Insurance BasicsWill you be asked to pay Private Mortgage Insurance, or PMI? Most lenders will require you to carry PMI if you cannot put 20% or more of your loan amount forward as a down payment. PMI protects the LENDER in case you default on your payments. Fixed Versus Adjustable Rate MortgagesWhich One Should You Choose? Choosing between a fixed rate loan and an adjustable rate loan is one of the most perplexing choices anyone can make. With a fixed rate loan, you know exactly where you stand today, and where you'll stand any number of years from today. Selecting the Right Mortgage for YouA mortgage is a loan you take out to buy a home. This loan covers the "principal" (purchase price of the house minus your down payment) plus the "interest," which is the fee a lender charges you to borrow the money. Secured Homeowner Loans to Reiterate that a Home Provides More than a Roof Over Your Head"The ache for home lives in all of us, the safe place where we can go as we are and not be questioned." It is a challenge to find a place like that. Home Loans: What You Should Know!Finding home loans can be a daunting task, whether you're a first time home buyer or an existing homeowner. The good news is that there are more options than ever to help you find the loan that's right for you. Online Mortgage Loan Companies Are ConvenientThere are many reasons to use the internet to take care of your mortgage loan needs. Online mortgage companies can give you quick answers to your mortgage application and can often times give you an answer of whether or not you have been pre-approved within 24-48 hours after you submit your mortgage application. Avoiding ForeclosureIf you fall behind in your mortgage payments, you face the threat of foreclosure. Foreclosure means your lender can take over your home, and you must move out. Avoiding Foreclosure ScamsIf your mortgage company is threatening foreclosure, there are things you can do to avoid it (see my article titled "How to Avoid Foreclosure"). However, you should be aware of scams. Using a Calculator to Assess Your LoanBuying a house is a very important step in your life. Every family dreams of having their own home and whether you are looking into your first, or are moving or upgrading your home, you know your mortgage is important. How To Turn Disadvantages Of A Reverse Mortgage To Your AdvantageWhen it comes to a reverse mortgage, wise consumers weigh the advantages and disadvantages prior to signing on the dotted line. Let's start on a positive note, you could do what most borrowers do and opt for the reverse mortgage line of credit. Mortgage Sales Hit ProblemsThe housing market has been buoyant over the past few years, but mortgage providers and first-time buyers are both now facing a tough time. Following announcements from the Bank of England that there has been an overall decline in the total number of UK home-buyers, and a declaration from the Financial Ombudsman Service (FOS) that the number of disputes concerning improperly sold mortgage endowments has now hit record levels, it seems that mortgage lenders are facing a bleak time. More Articles from Mortgage & Refinancing
Information: MORE RESOURCES updated Mon. October / 07 / 2024 Column | You don’t have to refinance your mortgage to cut your interest The Washington Post Mortgage and refinance rates today, October 6, 2024: Rates increase in response to jobs report Yahoo Finance Housing market update: More than 4 million homeowners could refinance their mortgages - Fast Company Roundup: Refinance demand / Rouses denied / Tax reform plan Greater Baton Rouge Business Report Mortgage Interest Rates Today, October 6, 2024 | Rates up As Big Fed Cuts Become Less Likely Business Insider Mortgage and refinance rates today, October 5, 2024: Rates surpass 6% for the first time in weeks Yahoo Finance Should You Refinance Your Mortgage After the Fed’s Interest Rate Cut? The New York Times These Are the Pros and Cons of a Cash-Out Mortgage Refinance U.S News & World Report Money Mortgage Refinance Rates Hit a 2-Week High Investopedia What are today's mortgage refinance rates? Yahoo Finance Best mortgage refinance lenders of October 2024 Yahoo Finance Best Mortgage Refinance Lenders of October 2024 Business Insider Today's Refinance Rates by State – Sept. 30, 2024 Investopedia Mortgage Interest Rates Today, October 4, 2024 | Rates Up Following Strong Jobs Report Business Insider Refinance Rates Today: Compare Mortgage Refinance Offers Business Insider Is Now the Right Time to Refinance Your Mortgage? Investopedia Will Mortgage Rates Fall More In October? Bankrate.com 15-Year Mortgage Refinance Rates: Compare Current Rates Business Insider Mortgage Refinance In Canada Forbes Should You Refinance Your Mortgage In 2024? Bankrate.com Mortgage Interest Rates Today, October 5, 2024 | Rates Tick up Near 6% in Response to Labor Market Strength Business Insider Mortgage Interest Rates Today, October 1, 2024 | Rates Fell Far in September. Will They Drop This Month Too? Business Insider Mortgage Interest Rates Today, October 2, 2024 | Rates Hold Under 6% as Markets Wait for Fresh Jobs Data Business Insider Mortgage Refinance Rates Drop Back Investopedia Mortgage Refinance Rates Hold Near 19-Month Low Investopedia Mortgage Refinance Rates Keep Moving Higher Investopedia How to Decide If a Mortgage Refinance Is Right for You U.S News & World Report Money Should You Refinance Your Mortgage Now That the Fed Just Cut Rates? Kiplinger's Personal Finance Today's Refinance Rates by State – Oct. 1, 2024 Investopedia Mortgage Refinance Rates Are Down, But Should You Refi to a 30-, 20-, or 15-Year Mortgage? Investopedia Mortgage Interest Rates Today, October 3, 2024 | Rates Stay Put as Labor Market Continues to Show Strength Business Insider Mortgage Interest Rates Today, September 30, 2024 | Rates Are Low. Will They Go Lower This Year? Business Insider Mortgage Refinance Rates Shoot Up from 19-Month Low Investopedia The Mortgage Refinance Window Finally Cracks Open Bankrate.com What current mortgage refinance rates mean for your situation CNN Underscored Experts urge due diligence before mortgage refinance Webcenter Fairbanks 30-Year Mortgage Refinance Rates Sink to Cheapest Level Since Early 2023 – Sept. 12, 2024 Investopedia Today's Refinance Rates by State – Sept. 19, 2024 Investopedia Mortgage rates are down now that the Fed has started cutting rates. Is it time to consider refinancing? Business Insider Mortgage Refinance Rates Drop for a Third Day Investopedia Mortgage Refinance Rates Drop – Sept. 5, 2024 Investopedia 6 times when it makes sense to refinance your mortgage Yahoo Finance Current Mortgage Rates: See How Today's Rates Compare Business Insider The best mortgage refinancing lenders in October 2024, now that the Fed has lowered rates CNN Underscored Don't get too excited about cheaper mortgages quite yet Business Insider
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