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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7 June 2006
For someone in search of a new career, becoming a mortgage broker can be an excellent choice.Mortgage brokers are responsible for matching up prospective home buyers with suitable mortgage lenders.
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6 June 2006
Online businesses continue to gain in popularity, and one area that is showing considerable growth is in online lending.Online lending is a great choice for both lender and consumers.
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26 May 2006
Using a second mortgage to buy investment property can be a smart and direct route toward the creation of an income-producing real estate portfolio.By using the unrealized cash value of your first home, you can purchase other real estate.
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22 May 2006
To many of us, financial instruments can be frightening and complex.This holds true for mortgages, which are the largest financial transaction most people will ever make.
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18 May 2006
Your mortgage interest depends on several variables.Some of them, like the economic environment and your past credit history, are not easy to change.Prepaid interest points, on the other hand, give you some control over your interest rate.
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17 May 2006
The idea of a mortgage refinancing after a bankruptcy might seem unrealistic.But the truth of the matter is that it can begin sooner than you'd expect.
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11 May 2006
Second mortgages have become an invaluable source of funds for borrowers who have used their home equity for debt consolidation or to pay for college tuition.However, second mortgages are still borrowed money, and the pros have an equal number of cons.
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10 May 2006
As interest rates rise, it's hard to predict how high variable rates will go.If you have an adjustable-rate mortgage, there may be no better time than now to lock in a fixed rate by refinancing your mortgage, before rates climb closer to double digits.
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8 May 2006
There are literally thousands of mortgage lenders in the United States.Which is the one for You?.
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1 May 2006
Refinancing your home mortgage can bring in extra cash and lower your payments.But it can also mean higher taxes.We'll show you how your deductions are affected by different kinds of refinancing loans.
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