Mortgage

  • Photo of Tips on Getting your Mortgage Down to 2%

    Tips on Getting your Mortgage Down to 2%

    Here are a few tips to help you solidify your status as someone who deserves the help of the Making Home Affordable program and get the reduction you need.

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  • Photo of How Much Home Can You Afford?

    How Much Home Can You Afford?

    When you decide that you are ready to buy your first house you need to understand what your budget is going to be. This can get you on the road to purchasing your home by searching in the right market before you have to finish your mortgage application.

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  • Photo of Does the Low PennyMac Payment Make This Mortgage Worth It?

    Does the Low PennyMac Payment Make This Mortgage Worth It?

    Unemployment is currently at historically low levels, and the US economy is performing very strongly. Because of this, many analysts and aspiring homeowners expect the housing market to pick up, even more so after the Federal Reserve recently cut interest levels. Is this a good time to buy? The Bank of America mortgage rates, as an example, are notably going…

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  • Photo of What You Should Consider When Buying Your First House

    What You Should Consider When Buying Your First House

    It may come as no surprise that there’s a lot to consider when you buy your first house – finances, where you want to live in the neighborhood, mortgage loans. But your house is where you’re going to spend a lot of your time, so you want it to be as comfortable as possible. Which is why there’s a lot…

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  • Photo of Buying a Home: What Actually Happens on Completion Day

    Buying a Home: What Actually Happens on Completion Day

    The hard part of buying a house is finally over – you’ve completed all of the paperwork, went through all of the motions to get a mortgage loan, and made your down payment. Completion day came faster than you expected, and now it’s time for you to pick up your house keys! In order to have a smooth and hassle…

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  • Photo of Cash Out Refinancing Strategy

    Cash Out Refinancing Strategy

    Searching for extra cash to take a vacation, invest with, or make home improvements can create nerves. Being too eager to take cash from your assets could put you in a vulnerable position. If you own a home and have some equity in the property, creative refinancing strategies exist that could be preferable to personal loans or credit card usage.…

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  • Photo of Five Reasons to Invest in Real Estate

    Five Reasons to Invest in Real Estate

    Investing in real estate means that you purchase a future income stream from a property. You probably don’t realize that you could be earning money at the same time as using renter’s money to pay off your investment. By doing this, you’ll get more stability, higher returns, and diversification. Investing in real estate is especially beneficial if you’re about to…

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  • Photo of Why You Should Consider the First-Time Home Buyer Loan

    Why You Should Consider the First-Time Home Buyer Loan

    During the last decade and a half, homeownership in the US steadily declined. In fact, from 2014 onwards, the percentage of Americans who own a house remained at its lowest levels since 1995. Because of this, many people are considering a first-time home buyer loan. The US economy is very strong. Unemployment is low, stocks keep reaching record heights, and…

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  • Photo of Rate Cuts and Your Student Loan Strategy

    Rate Cuts and Your Student Loan Strategy

    Between 2006 and 2012, the interest on student loans went down by more than one half. When the 2006/07 school year started, rates were nearly at 7%. By the beginning of 2011/12, the interest on tuition loans was below 3.5%. During the same six-year period, the Federal Reserve dramatically decreased overall rates from 5.25% to 0.25%. Just as importantly, several…

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  • Photo of Should You Take Out a Second Mortgage?

    Should You Take Out a Second Mortgage?

    A second mortgage translates to a second loan against your home. It’s similar to a first mortgage in that you get a one-time payment and then pay a certain amount of the loan off per month. You can only receive a second mortgage if your first one is paid off. The interest rate is typically higher on a second mortgage…

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