Well, times are definitely changing and one of the biggest challenges to buying a new home or refinancing a mortgage is forbearance. The federal government has allowed borrowers to do mortgage payment deferrals, but that comes at a cost. If you have forbearance on your mortgage right now or if you’re thinking about going into…
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One of the types of homes people tend to look at in a high-cost market is manufactured homes. If you’re in the market for buying a house or even refinancing a house that you already home here are all you need to know about manufactured homes… Manufactured homes are built in a factory and shipped…
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We’ve been spoiled by ultra-low mortgage rates for the last several months. We saw 30-year mortgage rates go down into the mid two’s on conventional and government loans. These interest rates were brought on by the pandemic, the job market uncertainty, and the broader United States being in a holding pattern about what’s going to…
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With interest rates still at historically, low levels many homeowners are discovering they can refinance to lower their interest rate, drop PMI, pull cash out, or move to an aggressive shorter-term mortgage than ever before due to global and economic events presently happening in the coronavirus pandemic… Where to get your mortgage and more particularly…
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With interest rates being at historical lows more and more people are applying for mortgages and nationally mortgage banks and lenders across the country are experiencing unprecedented amounts of volume, expect delays. If you’re purchasing or refinancing a home follow is what you need to understand and be aware of… The coronavirus pandemic has created…
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Many people desiring to refinance are taking advantage of historically low-interest rates. One of the challenges when refinancing your house is when you have a second mortgage. Here is what you need to know if you’re trying to refinance and you have a second loan… If your desired to refinance and you have a first…
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Picking the right mortgage loan type for your family is a big financial decision. Here are some things to consider about the three most popular types of mortgages and what the pros and cons and differences are between all three… Most mortgages today are for 30 year fixed rates. There are other terms available such…
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When you’re in the market to get new mortgage loan financing it can seem like it’s an endless navigational process to figure out what loan amount, what interest rate, what program what option is best suited to meet your needs. Here five pricier types of mortgages to be aware of… Cash-out refinances cost more because…
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