27 November 2006
Mortgage cycling is an aggressive approach to paying off mortgage loans within a short time frame.It involves making large lump-sum payments of home loan principal every six months.
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22 November 2006
No matter how careful you are with your finances, the unexpected is bound to happen eventually.Unforeseen medical expenses or emergency home repairs can be devastating to your budget.Coming up with the necessary funds may seem impossible, but it could be relatively simple.
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21 November 2006
It's a sad situation when a lender forecloses on your home.Then, when you get back on your financial feet, the foreclosure on your record can make it difficult to find a new mortgage.
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15 November 2006
Free mortgage leads are especially valuable when the mortgage business goes through a seasonal slowdown.By teaming up with people who have direct access to buyers and sellers, mortgage lenders can reap the rewards of professional networking.
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14 November 2006
Having bad credit doesn't mean you can't qualify for a mortgage.In fact, there are reputable mortgage lenders, called subprime lenders, who actually specialize in bad credit loans.Here are some tips on selecting a subprime lender.
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8 November 2006
Real estate prices have soared in many areas in recent years.If you're thinking about pulling some of the equity out of your home with a second mortgage, consider having your home appraised.You'll get a solid idea of the amount of money that's available for borrowing.
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7 November 2006
Unconventional mortgages, like interest-only or no-documentation loans, can be time-consuming.But by following these tips, you can find great mortgage rates and speed up the process of getting your loan, so that the money can find it's way more quickly into your pocket.
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26 October 2006
If you have cash in a savings account that you don't need for a while, consider depositing it into a certificate of deposit (CD).The interest rate will be higher than in a savings account.Remember, where savings are concerned, interest is the name of the game.
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24 October 2006
Whether you're self-employed or simply in a hurry, applying for a no-income verification home equity loan can make tapping your biggest asset much easier.Less paperwork can mean fewer hassles.
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19 October 2006
In the blockbuster Raiders of the Lost Ark movie trilogy, swashbuckler Indiana Jones is always risking life and limb as he tries to uncover booby-trapped archeological treasures.Fortunately for homeowners, the search for spectacular mortgage refinance doesn't require the same high-stress adventures.
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13 October 2006
The shortest distance between two points is a straight line.When it comes to a mortgage, you can create your own "straight line" by making the process of refinancing your mortgage an efficient one.
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8 October 2006
Have you been dreaming about adding on a room, remodeling a kitchen, putting on a new roof, or painting a grungy exterior? There are many available options for financing home improvements.
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21 September 2006
One of the smartest ways to add value to your home is to spruce it up with a quick makeover.And if you plan to sell your house, such a strategy can pay off in a higher sales price and a shorter time on the market.
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19 September 2006
Nowadays, there are many mortgage programs with complex bells and whistles.But one of the oldest and most sensible programs is the bi-weekly mortgage payment plan.
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28 August 2006
Rising interest rates tend to restrict the lending options of homeowners.When rates spike, 15- and 30- year loans become less attractive.
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28 July 2006
If you find yourself in a cash crunch, you may choose to tap into your home's equity to find much-needed funds.A mortgage loan that allows you to pay back interest only during the first few years can be beneficial if you find yourself in this situation.
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28 July 2006
If you're buying a new home, you may need to sell your existing one in order to finance your new purchase.Not everyone has enough money to straddle two pieces of property.
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26 June 2006
A home equity line of credit-known by mortgage pros as a HELOC-is a good way to borrow, especially for those who want streamlined loan applications and lower origination fees.But HELOCs are tied to the prime rate, and adjust accordingly.
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14 June 2006
Someone, somehow, somewhere came up with a rule that the only time you should refinance your mortgage is when interest rates drop 2 percent below your loan's current rate.
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11 June 2006
There are many conditions that can make the time right for a mortgage refinance.Generally, it's a combination of current interest rates and/or your personal financial needs.
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