How to Buy a Foreclosed Home
What are some things to consider before buying a foreclosure home? Here are 5 questions to ask to ensure a rewarding buying experience, and the best price.
home loan
We’ll Save $454,599.78 Paying Our Mortgage Off Early
On paper, making extra payments on a low-interest mortgage makes no sense at all. After all, the returns you can achieve from investing will almost always be worth more than any interest you save by becoming debt-free. So, why would anyone pay off mortgage debt any faster than they have to? When you consider the […]
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Is This Mortgage Company Legit? How to Quickly Vet Your Lender
Itâs a question I see consumers ask whenever they size up a lender: âIs X mortgage company legit?â Ultimately, borrowers want to know that the company theyâre considering is above board, and not some fly by night operation. After all, a mortgage is a major financial transaction, and not one to leave to chance. The… Read More »Is This Mortgage Company Legit? How to Quickly Vet Your Lender
The post Is This Mortgage Company Legit? How to Quickly Vet Your Lender appeared first on The Truth About Mortgage.
Owner-Financed Homes: What You Need to Know
Looking to get into a home but canât qualify for a traditional mortgage? You may want to look at owner financing. Owner-financed homes arenât very common, but they have some benefits for unique buyer and seller situations. Owner financing bypasses a traditional mortgage when the seller takes on the role of lender, but seller financing […]
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4 Debts Americans Want to Pay Off in 2022
Debt levels are rising again, but some folks are committed to ending that cycle this year.
What Is an Assumable Mortgage?
While assuming a mortgage may be different than taking out a traditional home loan, it may offer benefits to select homebuyers â if they know how an assumable mortgage loan works and how to land the best deal possible. What Is an Assumable Mortgage? Assuming a mortgage simply means that in a home sale transaction, […]
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What Is Prepaid Interest? Here’s Why You Need to Pay the Mortgage Lender Ahead of Time
As the name implies, “prepaid interest” is money you owe to a bank or mortgage lender that is paid in advance of when it is actually due. In terms of why it needs to be paid before the due date, there are several reasons, though it mostly boils down to the fact that mortgages are… Read More »What Is Prepaid Interest? Here’s Why You Need to Pay the Mortgage Lender Ahead of Time
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Why I Expect Mortgage Rates to Go Down Sometime Soon
If you thought 2021 was bad, just in general, you might think 2022 is even worse, if the subject happens to be mortgage rates. Theyâve started the year off with a bang, higher, and are now at their highest point in about two years. A lot of market watchers expected mortgage rates to rise in… Read More »Why I Expect Mortgage Rates to Go Down Sometime Soon
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What is APR: Hereâs how Annual Percentage Rate works
What is APR? If youâre not sure, you need to read this before you use a credit card or borrow any money.
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Is This Your Last Chance to Refinance Your Mortgage?
Home loan rates just hit highs not seen since the beginning of the pandemic â and are expected to go higher.