You may be spared the pain of paying closing costs upfront, depending on the type of loan and the lenderâs criteria, but youâll either be given a higher interest rate on the mortgage to cover those costs or see the costs added to your principal balance. Heard of a no closing cost mortgage or refinance? […]
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Seniors have traditionally been the targets, but an urgent demand for home improvements born of the work-from-home spike, a dearth of tradespeople, and a shortage of building materials has increased the potential for home improvement fraud. Bringing a stranger into your home can be a leap of faith, especially if you havenât done all your […]
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For retirees whose main asset is their house, a reverse mortgage can look very attractive. But is it a smart move?
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We know mortgage rates are projected to keep rising, so whatâs a cost-effective solution if you need a home loan today? Well, one idea is to look beyond the popular 30-year fixed, which is no longer a screaming bargain. For the past several years, fixed-rate mortgages were often priced the same or even lower than… Read More »Is an Adjustable-Rate Mortgage a Good Short-Term Strategy Until Interest Rates Cool Off?
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There are over 300 million credit card accounts in the United States alone, and itâs estimated that 79% of consumers have at least one credit card or charge card. Yet, many people donât have a firm grasp on the basics of what a credit card is and how credit cards work. If you have a […]
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For the individual who eschews fiat currency, but still needs a mortgage, look no further than Figure. The company originally came onto the scene by offering a unique HELOC that came with a fixed interest rate. Later, they expanded to mortgage refinances, and in the summer of 2021 announced a merger with Homebridge Financial Services.… Read More »Figure’s Crypto Mortgage: Purchase a Home with Nothing Down While You Continue to HODL
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If you get paperless mortgage statements or have autopay set up on your home loan, or even if you get statements in the mail, it might be easy to miss important information. By paying close attention to exactly what’s included in your mortgage statements, youâll avoid unpleasant surprises. What Is a Mortgage Statement? Maybe you […]
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