Bad Credit Mortgage Loans - Are You Killing Your Chances Of Getting Approved?
by Carrie Reeder |
When you have poor credit, your list of lenders that will approve you for a home loan can shrink down very small. You want to make sure that you are doing everything in your power to keep your credit rating as high as you can.
Many peop .. |
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100% Mortgage Loan: What You Need to Know
by Louie Latour |
If you are considering a “no money down” deal for your home purchase, there are lenders that will finance 100% of your mortgage purchase. You need to be careful using one of these no money down lenders as it is easy to overpay for the financing. .. |
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Home Equity - Should You Get a Home Equity Line of Credit with Your Home Loan?
by Carrie Reeder |
A home equity line of credit is a revolving line of credit that you can utilize when needed. With a home equity line of credit, payments are made only on the money that is used. If you never use the money, you will never have any payments. .. |
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5 Tips About 40 Year Loans
by Ben Afzal |
In this period of generally rising interest rates, 40 year loans have been introduced to give borrowers more options. Here are some things to consider: 1. Lower payment A longer loan term allows for a lower payment. A 40 .. |
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6 Quick Tips About Loan Options
by Ben Afzal |
There are many new types of loans available. This quick guide is designed to help give a basic summary of your loan options. 1. Loan length Loans have a defined length of time for which they are made. They are generally for 15 .. |
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4 Tips for Zero Down Home Financing
by Ben Afzal |
Buying a home with 100% financing is now an option for many people. Even people with less than stellar credit may qualify for 100% financing. Loans of this type are typically split into two different loans – the first loan being the first 80 .. |
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6 Tips About Interest-Only Loans
by Ben Afzal |
What is an interest-only loan? An interest-only loan is a loan where the borrower only pays the interest payment. When an interest-only payment is made, the principal balance on the loan will not change. If you borrow $400,000 with a 6 .. |
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8 Tips For Minimum Payment Option Loans
by Ben Afzal |
There are now many lenders offering minimum payment options. For the borrower it is critical to understand how these loans work before they sign up for them. Here are some items to consider: 1. Different payment level options The .. |
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