As interest rates continue to move upward, more buyers are considering buydown methods to make homeownership more affordable. One of these is the 2/1 buydown, which allows borrowers to pay more upfront while enjoying reduced interest rates for the first two years of their mortgage. If youâre looking for ways to save on your mortgage,… View Article
The post What Is a 2/1 Buydown and How Does It Work? first appeared on Total Mortgage.
Today weâll take a look at âCanopy Mortgage,â a Utah-based mortgage lender that is big on transparency when it comes to rates and fees. They recently launched a self-serve mortgage rate comparison site called GorillaRates.com that lets potential customers generate real-time quotes 24/7. This means you no longer have to speak with a human being… Read More »Canopy Mortgage Review: Proprietary Tech and Some of the Best Pricing in the Industry?
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A mortgage is a loan given by banks (or other financial institutions) to those who plan to purchase a home. There are many types of mortgage loans available, depending on your financial health and how long you want to pay the loan back. The amount youâre allowed to borrow â as well as the interest
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Today weâll check out âDiamond Residential Mortgage Corp.,â a Midwest mortgage lender thatâs named after its founder, not the precious gem. The company is relatively young, having been founded in 2009, but is already a billion-dollar per year originator. What stands out about them is their wide array of available loan programs, including ITIN mortgages,… Read More »Diamond Residential Mortgage Review: No Borrower Is Left Behind Thanks to Their Endless Menu of Loan Programs
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Control Over Litigation and Agency Rulemaking The Regulatory Review
So youâre paying for your new property in cash. Congrats! Making a home purchase with cash can give you a lot of power at the negotiating table. But at the same time, it can also leave you stuck wondering whoâs paying for the closing costs. To make sure youâre fully prepared, read on for our… View Article
The post Who pays for closing costs in a cash sale? first appeared on Total Mortgage.
We all know mortgage rates are low, but this is seemingly ridiculous. The New Hampshire Housing Finance Authority is currently offering a mortgage rate as low as 3.25% on a 30-year fixed-rate mortgage. And thatâs with as little as 3.5% down (FHA loan). Of course, there are several strings attached. There are income and purchase… Read More »Now You Can Get a 30-Year Fixed at 3.25%
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Buying a home is one of the most important investments you can make. Becoming a homeowner is an exciting milestone, but the process can be intimidating. After diligently saving for a down payment and choosing a reputable mortgage lender, youâre left with a seemingly endless list of decisions. With so many mortgage options, itâs tough
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Mortgage Q&A: âAre closing costs included in a mortgage?â There seems to be a great deal of confusion when it comes to closing costs and mortgages, so let’s clear the air and make sense of it all. Simply put, home loans come with closing costs, similar to how most products and services come with associated… Read More »Are Closing Costs Included In a Mortgage?
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Mortgage Q&A: “Are mortgage points worth it?” When taking out a mortgage, whether for a new home purchase or to refinance an existing loan, one decision youâll undoubtedly have to make is if itâs worth paying mortgage points to obtain an even lower interest rate. Jump to paying mortgage points topics: – Do You Want… Read More »Are Mortgage Points Worth the Cost?
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