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Dan Rafter

180 Articles

Dan Rafter has covered real estate, mortgage and personal-finance news for more than 15 years, writing for the Chicago Tribune, Washington Post, Consumers Digest and many others. A graduate of the University Illinois with a degree in journalism, he is editor of Midwest Real Estate News magazine and blogs on commercial real estate for that publication at rejblog.com, in addition to being a contributor for MortgageLoan.com.

Refinancing - A Look at Your Options
Mortgage

Refinancing - A Look at Your Options

Change happens. Maybe you bought your home right after college, before you had a decent credit history, and didn't receive the best interest rate available. Perhaps mortgage loan rates were high when you had to relocate to a new city. Interest rates can change dramatically over the years. Taking advantage of a lower rate through a mortgage refinance can have an equally dramatic effect on your monthly payments and on the interest you'll pay over the life of your loan. When your circumstances change, you can change with them.

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 15 years ago | 2 minutes read time
Foreclosure Ghost Towns Likely?
Personal Finance

Foreclosure Ghost Towns Likely?

Although many housing markets are expected to fully recover from the impacts of the economic downturn within a decade, others may remain mired in decline for years to come, perhaps even coming to resemble Old West ghost towns.

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 10 years ago | 2 minutes read time
Financing a Second Home? Use a Home Equity Loan
Home Equity Loans

Financing a Second Home? Use a Home Equity Loan

Buying a second home can pose some challenges you don't face when buying a home for your primary residence. The mortgage interest rates are higher. Lenders will scrutinize your credit reports and income documentation very closely to ensure you have sufficient income to meet all your obligations. The property itself may be difficult to qualify for a mortgage.

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 1 month ago | 4 minutes read time
How does the Fed affect mortgage rates?
Mortgage

How does the Fed affect mortgage rates?

When you look at mortgage rates, do you ever wonder how they come up with the numbers? It isn't as mysterious as it seems. The Federal Open Market Committee uses market conditions to help determine the rates that you'll pay for mortgage loans.

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 5 years ago | 2 minutes read time
How single parents can buy a home
Home Purchase

How single parents can buy a home

Couples have double the buying power of single home buyers, making buying a home easier for two-income families. But that doesn’t mean that single parents are out of luck when trying to buy a home.

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 8 days ago | 4 minutes read time