Refinancing has become a popular decision for homeowners in 2020, as interest rates are at historic lows. You might hear about friends or family refinancing and wonder if you should be doing the same. While refinancing can be an effective way to reduce your mortgage interest rate or monthly payment, there are some situations in […]
The post Reasons Not To Refinance Your Home appeared first on The Simple Dollar.
[dropcap]M[/dropcap]oney doesn’t grow on trees, so it’s important to have a good credit score. A low credit score hurts your ability to get loans and if approved, your going to pay a higher interest rates! Credit scores are also used for insurance rates, renting and even employment. A poor credit score can cost you hundreds […]
The post A Lower Credit Score Can Cost You A Lot of Money! appeared first on Credit Absolute.
This appears to be a first â digital mortgage lender Neat Loans will provide applicants with a $500 discount if theyâre vaccinated for COVID-19. The Boulder, Colorado-based company believes they are the first mortgage lender, and indeed financial services company, to offer a discount for getting the COVID-19 vaccine. At a time when cases are… Read More »Neat Loans Will Give You a $500 Discount on Your Mortgage If You Got the COVID-19 Vaccine
The post Neat Loans Will Give You a $500 Discount on Your Mortgage If You Got the COVID-19 Vaccine appeared first on The Truth About Mortgage.
Square one – What is a Credit Score? The majority of people understand the basics, like how failing to make a payment will cause your score to go down, but there are a number of complexities that trip up the average consumer. If you pay your debts on time, donât carry too much debt on […]
The post Breaking down your Credit Score – A Quick & Easy Guide appeared first on Credit Absolute.
Mortgage Q&A: âDo mortgage payments decrease?â While everyone always seems to focus on mortgage payments adjusting higher, there are a number of reasons why a mortgage payment may actually decrease over time. No really, there are, so letâs take a look at how this pleasant surprise could happen, shall we… Mortgage Payments Can Decrease on… Read More »Do Mortgage Payments Go Down Over Time?
The post Do Mortgage Payments Go Down Over Time? appeared first on The Truth About Mortgage.
Assuming you want to become a homeowner, itâs probably best to go to college, even if you have to take out costly student loans in the process. You may have read articles over the past several years that talk about snowballing student loan debt and the inability to afford a mortgage as a result. While… Read More »If You Want to Be a Homeowner, Go to College and Get a Degree
The post If You Want to Be a Homeowner, Go to College and Get a Degree appeared first on The Truth About Mortgage.
What Credit Score Is Needed For A Home Loan? The cost of the loan can depend greatly on your credit score and the skill of the realtor involved in your loan process. What Is the minimum credit score needed for a home loan? You will need a good credit score in order to qualify for […]
The post Home Loan Credit Scores appeared first on Credit Absolute.
A working paper from the National Bureau of Economic Research revealed that it might be best to apply for a mortgage when no one else is. The analysis, âThe Time-Varying Price of Financial Intermediation in the Mortgage Marketâ (if you like light reading you should check it out), found that price changes on the secondary… Read More »Why It’s Best to Apply for a Mortgage When Things Are Slow
The post Why It’s Best to Apply for a Mortgage When Things Are Slow appeared first on The Truth About Mortgage.
FHA streamline refinancing is a quick and simple way to improve the terms on your home loan â but it only applies to those who have already taken out an FHA loan to finance the purchase of their property. This…
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The post FHA Streamline Refinance [Rates, Closing Costs & More] appeared first on MintLife Blog.
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