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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16 October 2006
If you need a home mortgage, you need a mortgage lender or broker (an agent who finds a lender for you and manages the transaction).Either way, you're looking for two things: good customer service and a loan at the right price.
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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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10 October 2006
Everyone knows how to find an affordable jar of peanut butter: Go to an inexpensive grocery store, scan the shelves for a few great tasting brands, and select the cheapest one.Shopping for a mortgage isn't all that different.
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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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6 October 2006
Approving loans for consumers is the bread and butter of mortgage companies, which exist to land-shall we say-plenty of bread.If you understand how the loan process works, you can prepare in advance and have a speedy and headache-free refinance.
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4 October 2006
Many homeowners who have enjoyed the convenience and savings of a home equity line of credit (HELOC) aren't enjoying the consequences of rising interest rates.As a result, many are now turning to fixed rate equity loans instead.
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3 October 2006
Jumbo mortgages are used to purchase high-priced homes that require larger than normal loans.While they're convenient, they also charge slightly higher interest rates.Since the dollar amount that defines a jumbo mortgage is redefined each year, it's subject to change.
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27 September 2006
If you're discouraged because your bad credit seems to present an insurmountable obstacle to owning a home, don't be.There are many financing options available to you, once you understand the sub-prime mortgage marketplace.
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25 September 2006
With interest rates rising, there's no time like the present to get your financial ducks in a row in order to save money.Back when rates were still cheap, home equity lines of credit (HELOCs), with their low introductory adjustable rates, were the preferred way to go.
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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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1 September 2006
Housing costs have ballooned during the past few years.Even if they come back to earth, buyers are still facing challenges when trying to secure manageable mortgages.To meet the demand, mortgage lenders have begun offering longer amortization schedules, including 40- and 45- year mortgages.
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28 August 2006
The Captain and Tennille, pop stars from the 70s, had a big hit with their catchy ditty "Shop Around." For homeowners who want to refinance, that song is just as applicable to picking a mortgage lender as it was to finding Mr.or Ms.Right.
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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 August 2006
If money talks, then most homeowners wish those lovely little greenbacks would tell them exactly how much money they should borrow when refinancing a home.Unfortunately, your cash won't give you any hints about how big or small your mortgage loan should be.
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28 July 2006
Small business owners and entrepreneurs sometimes get sweaty palms when faced with the challenge of making a convincing presentation to bank officers or private investors in order to get needed investment capital.Competition for funds is fierce.
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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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