Tag: Mortgage

Posted on 04/10/2024

The U.S. Department of Veterans Affairs has helped countless veterans finance their home ownership goals. While you have the choice of a conventional loan offered by other mortgage lenders, there are some significant benefits to VA loans. Here are some of the most important advantages to consider: No Down Payment The most famous benefit of VA loans is...

Loan Beneftis

Loans

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Posted on 10/18/2023

Online preapproval: How to make your mortgage process easier

When preparing to buy a home, many potential buyers...

Mortgage Preapproval

Mortgage

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Posted on 07/26/2023

Veteran Mortgage Relief: Important Things to Know

The U.S. government has multiple options available for military veterans who may be facing foreclosure. Through the Department of Veterans Affairs, borrowers can get financial relief through means such as forbearance, deferment, refinancing and more. However, there are some crucial details to be aware of. Here are some of the most important things to know about current veteran...

Mortgage

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Posted on 09/02/2020

Mortgage: What are Points?

Photo by Precondo via Pixabay Some mortgage companies offer loans with points. In a nutshell, paying points means paying down the interest rate. One point is equal to 1 percent of the mortgage amount. On a $200,000 mortgage, one point is $2,000. The percentage the interest rate lowers depends on the mortgage company and the market. For example,...

Mortgage

PMI

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Posted on 01/01/2020

Understanding Your Mortgage: Prepayment Penalties

Photo by Steve Buissinne via Pixabay Most are familiar with the key components of a mortgage: how much you're borrowing, what your interest rate is, how many years you'll be paying your mortgage back. There are many, however, who do not understand some of the finer details, including what prepayment penalties are and how they may affect you...

Mortgage

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