Rocketclips, Inc. / Shutterstock.com Most people need a home loan to get the dwelling of their dreams. It is the one form of debt that financial experts typically do not frown upon. However, there are times when it makes sense to pay off your home loan early. Reducing the time …
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Lower payments? Less interest? Paying off your house faster? Refinancing your mortgage loan can help you achieve a number of different goals. With interest rates at historic lows, you can hear a country-wide chorus of people asking, “Should I refinance my home?” and “Is it worth it to refinance?” If …
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Many potential home buyers are confused by the housing market terminology. They want to invest but are left wondering what the answers are to questions like, “What is a mortgage?” There has been a lot of press recently about low mortgage rates, but new buyers need an coherent mortgage definition …
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It seems just about everyone is applying for a home loan right now. According to a recent report from the Mortgage Bankers Association (MBA), mortgage applications are up 40% compared to the same time last year. Why the increase? Why are so many people looking to buy a home right now, and …
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If you have a mortgage, now is a great time to think about refinancing. Mortgage rates have dropped repeatedly since the start of 2020 and now stand at less than 3%. Refinancing is a good way to lower your monthly mortgage payments, and paying less often translates extra savings. [ Read: The …
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In this article Obtaining a mortgage is one of the most challenging things you’ll ever do. You’ll need to prove you have steady income over a couple of years or longer, keep your debts low and in control, and safeguard your credit. Freelancers or self-employed individuals are in for a …
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We’ve created the SimpleScore to help you objectively compare products and services here at The Simple Dollar. Our editorial team: Identifies five factors to compare across each brand Determines the rating criteria for each factor Calculate an average of those five factor scores to get one SimpleScore We break down …
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Millions of Americans have decided to take advantage of historically low interest rates and refinance their mortgage. However, if you haven’t already started the refinancing process, there’s a good chance you’re going to be assessed a new fee. Fannie Mae and Freddie Mac recently announced a decision to charge an …
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If you are looking to refinance your VA mortgage, the best thing you can do is shop around to find the best deal for you. The type of refinancing you need, the interest rates and loan terms will all be things to consider when researching lenders. The best option for …
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