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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
One of the biggest headaches in the loan application process is producing verification documents for your lender.Borrowers are asked to provide proof of employment, income, assets…the requirements can go on and on.
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11 July 2006
Interest-only loans have helped many buyers purchase more real estate than they may have been able to handle otherwise.They accomplish this by offering lower monthly payments and higher tax deductions.But many homeowners are now facing the interest-plus-principal phase on their interest-only mortgages.
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10 July 2006
Many homeowners wonder whether they can refinance their loans to lock in lower rates before interest rates climb higher.And because some borrowers have loans that include stiff penalties for early repayment, it may not seem like a viable option.
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30 June 2006
The FICO credit scoring system has traditionally been the single most important decision-making tool for lenders.Now, Experian, a major credit bureau, has launched a new credit rating system called VantageScore.
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27 June 2006
When it comes to multi-tasking in this post-modern age, mortgages defy conventional wisdom: Two is not necessarily better than one.If you're growing weary of juggling loans along with everything else life throws at you, refinancing to combine your mortgages might be a timely option.
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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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12 June 2006
Paying points to lower the interest rate on a loan can be a great idea, especially if you're considering staying in your home for an extended period of time.
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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
Refinancing a mortgage can be an excellent financial decision.If the interest rate that you are currently paying is higher than the current interest rate, you may want to look into refinancing your mortgage.
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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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28 May 2006
A cash-out refinancing can help you pay for your child's education, with reasonable terms.The summer after your child's graduation from high school could be the perfect time to adjust your old mortgage.
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24 May 2006
No matter what your reason for refinancing your mortgage- lower monthly payment, access to cash, debt consolidation-you'll want to make sure your mortgage isn't loaded down with unnecessary costs.Before you sign any dotted line, keep in mind these cost-cutting tactics.
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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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15 May 2006
Should you or shouldn't you? Luckily, when considering refinancing your home mortgage you do not have to rely on gut feeling, and a beneficial outcome is not dependent on stumbling upon the right broker; a refinance home mortgage decision is based upon quantitative analysis and investigative research, which is fancy...
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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
A new mortgage loan with new terms wich is used to pay of your current mortgage, or mortgages, that's what home refinancing is about.Why can it pay off? When?.
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4 May 2006
Often, when consumers take out a mortgage to buy a house, their financial situation changes over time.It's not unusual for you to outgrow the terms of your original mortgage.Refinancing is a convenient way to change the rules of the game.
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1 May 2006
If you're thinking of a home loan mortgage refinancing, it can be helpful to sit down and consider the pros and cons.The first step is to figure out the costs and savings of rolling your old loan into a new one.
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