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Mortgage & Refinancing InformationSecured Loans - Making the Most of Your Home as CollateralMy visit to the lender was interrupted with my wife demanding a reason for my preference for secured loans. Though I hushed up the matter then, it kept on ringing in my mind hours later. Mortgage Terminology for the First Time Home BuyerBuying a Home for the first time can be a little "nerve racking". Mortgage terminology that brokers use everyday can leave you scratching your head or shaking your head pretending that you know what they're talking about. Why You Should Not Get Hung Up on the Interest Rates!!This is what a mortgage can do for you! AND Why you shouldn't get hung up on the interest rate! Let me show you the bottom line or the total dollar amount you will pay when paying a mortgage and paying rent and what the benefits of a mortgage are: Let's say John bought a home and has a $75,000 mortgage @ 10% interest for 30 years on his home with a payment of $750.00 per month. Life of an EscrowEscrow is one of the last stages in the purchase or sale of a real property. When someone says that they are in escrow, it means that they have either accepted an offer on the sale of their property, or their offer to purchase has been accepted. Construction Loan BasicsIt might not be too big of an exaggeration to say that the construction loan is one of the more daunting aspects of building your custom home. Before we started our project, I had nightmares about trying to pay two full mortgages at the same time (our existing mortgage and the construction loan), and I didn't see how it was at all possible. Keep Your Eye Focused on Treasury Bond Rates To Adjust Your Current Mortgage RatesMortgage rates typically are based off the current rates of treasury bonds. Most lenders set their long term mortgage rates in line with 10 and 30-year treasury rates. Seller FinancingAlthough any loan used for buying real estate is strictly called a purchase money mortgage, the term is often employed for seller financing, those transactions in which you "take back" a mortgage as part of the purchase price. These arrangements are suitable, of course, only when you do not need your proceeds immediately toward the purchase of another home. Mortgage MarketingW. Edwards Deming said "Marketing and innovation are the only source of value in business, everything else is a cost". Bad Credit Home Financing - Buy a House Even With Poor CreditSub prime lenders come in two groups: reasonable and unreasonable. Reasonable sub prime lenders offer mortgage financing to high risk borrowers with slightly increased rates and fees. High Risk Mortgage Lenders - Using a Sub Prime Lender OnlineSub prime lenders handle high risk mortgage loans that traditional lenders refuse to touch. Through slightly higher interest rates, sub prime lenders protect themselves from the higher rates of foreclosures. Refinance Your Property OnlineBy refinancing your property online you can take advantage of competitive rates in the convenience of your home. You should consider refinancing your property if interest rates are lower, your financial situation has improved, or your credit rating has improved. Home Loans For People With Bad Credit - Tips To Getting Approved OnlineBuying a home with bad credit doesn't have to stop you from finding an affordable lender. By shopping online for a lender you can find the best lending rates for your situation. Poor Credit Home Equity Loan TipsA home equity loan can help repair your poor credit history. Begin by finding a competitive financing lender with affordable rates and terms. Reverse Mortgage Providing Peace of Mind Without Sacrificing Safety or SecurityFor many seniors one of their greatest sources of security is their home. It not only provides a comfortable and familiar environment, but it provides a sense of independence and a source of many fond memories. Buy a Home With a Government Grant? Avoid this ScamIf you watch enough late night television, you'll see advertisements that suggest that the Federal Government is giving all kinds of things away. You'll see ads for auctions that promise that you can buy a Ferrari for $500 or a home for $1000 through "government liquidations" or some such thing. More Articles from Mortgage & Refinancing
Information:  MORE RESOURCES updated Thu. October / 10 / 2024Mortgage refinancings fall as average rates move higher Yahoo Finance Today's Refinance Rates by State – Oct. 10, 2024 Investopedia What is the outlook for mortgage refinancing? Mortgage Professional Today's Refinance Rates by State – Oct. 7, 2024 Investopedia Column | You don’t have to refinance your mortgage to cut your interest The Washington Post Current Mortgage Trends: Are Mortgage Rates Going Down? Business Insider What are today's mortgage refinance rates? Yahoo Finance Best Mortgage Refinance Lenders of October 2024 Business Insider Should You Refinance Your Mortgage After the Fed’s Interest Rate Cut? The New York Times Mortgage Interest Rates Today, October 9, 2024 | Rates Steady Ahead of Upcoming Inflation Report Business Insider Mortgage Interest Rates Today, October 6, 2024 | Rates up As Big Fed Cuts Become Less Likely Business Insider These Are the Pros and Cons of a Cash-Out Mortgage Refinance U.S News & World Report Money 15-Year Mortgage Refinance Rates: Compare Current Rates Business Insider 30-Year Mortgage Refinance Rates Business Insider Mortgage Refinance Rates Are Down, But Should You Refi to a 30-, 20-, or 15-Year Mortgage? Investopedia Mortgage and refinance rates today, October 5, 2024: Rates surpass 6% for the first time in weeks Yahoo Finance Best mortgage refinance lenders of October 2024 Yahoo Finance Mortgage Refinance Rates Drop Sharply - Sep 17, 2024 Investopedia Housing market update: More than 4 million homeowners could refinance their mortgages - Fast Company Should you refinance your mortgage? Here’s what to consider NewsNation Now Homeowners Slam the Brakes on Refinancing as Mortgage Rates Jump Realtor.com News Mortgage Refinance Rates Keep Moving Higher Investopedia Refinancing Your Mortgage Today Could Mean $400 Less Monthly Norada Real Estate Investments Mortgage Refinance Rates Shoot Up from 19-Month Low Investopedia How to Decide If a Mortgage Refinance Is Right for You U.S News & World Report Money Mortgage Interest Rates Today, October 7, 2024 | Why Are Rates Higher This Month? Blame the Strong Economy Business Insider Rate-And-Term Refinance Locks Surge 700% Over Previous Year National Mortgage Professional Best Refinance Lenders of October 2024: Refinance Your Mortgage The Motley Fool Mortgage Refinance Rates Drop Back Investopedia Mortgage Interest Rates Today, October 4, 2024 | Rates Up Following Strong Jobs Report Business Insider Today's Refinance Rates by State – Oct. 4, 2024 Investopedia What current mortgage refinance rates mean for your situation CNN Underscored Mortgage Refinance Rates Fall to 2-Week Low Investopedia Is Now the Right Time to Refinance Your Mortgage? Investopedia Today's Refinance Rates by State – Sept. 20, 2024 Investopedia Data Spotlight: The Impact of Changing Mortgage Interest Rates Consumer Financial Protection Bureau MBA: Mortgage Applications Decreased in Weekly Survey Calculated Risk FHA Streamline Refinance | Rates & Requirements for 2024 The Mortgage Reports Should You Refinance Your Mortgage Now That the Fed Just Cut Rates? Kiplinger's Personal Finance Mortgage Interest Rates Today, October 5, 2024 | Rates Tick up Near 6% in Response to Labor Market Strength Business Insider Mortgage Rates This Week NerdWallet Today's Refinance Rates by State – Sept. 19, 2024 Investopedia
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