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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Option ARM Loans
by Ben Afzal |
Have you seen the ads everywhere for "1% Mortgage Loans" - offers that show how you can chop you monthly payment in half? These are Option ARM (adjustable rate mortgage) loans. They usually offer a low start rate – 1%, 1.5%, 1.95%, 2%, etc. .. |
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Interest Rate Locks
by Ben Afzal |
Interest rates change every day. There are long term trends and short term trends. Although interest rates in general may be rising over time, over the course of a month there can be times when it falls for days at a time (by small amounts). .. |
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Instant Equity Refinance Tips
by Ben Afzal |
When you purchase a newly built home, you typically sign the purchase contract several months in advance. The purchase price for the property at that time is usually at prevailing market rates. If the market value of the property rises .. |
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How Much Cash Will I Need To Close?
by Ben Afzal |
This amount can be near zero, depending on how you structure the loan and your purchase contract. If you get 100% financing you don’t need money for a down payment. However, there are numerous closing costs to consider, and these can e .. |
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How Long Does It Take to Get a Mortgage?
by Ben Afzal |
The typical time frame is about a month. It can be shorter, and sometimes take much longer. There are two basic ways to get a mortgage: full documentation
stated documentation In the full documentation you prove to the lend .. |
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Fixed Rate Mortgages
by Ben Afzal |
A fixed rate mortgage is a loan where the interest rate remains the same for a given period of time (not always 30 years). Most people think of a fixed loan as a 30 year fixed loan. This is not always the case. A loan can be fixe .. |
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Add Value To Your Property On Taking Home Improvement Loan
by Natasha Anderson |
Even after you have bought a home you are bound to do various improvements like adding a story, enlarging a room, modernizing your kitchen or drawing room. This means your expenditure on home goes on for many years after you bought home. This tra .. |
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