Tag: Mortgage

Posted on 10/11/2020
Financing Your Mortgage through a Credit Union
Image by annca from Pixabay You’ve finally found the perfect home. It’s got the number of bedrooms you wanted, a spacious kitchen, updated bathrooms, and even a beautiful vegetable garden out back. Now comes the tricky part—how to pay for it. Numerous home buyers find financing their mortgages through a credit union to be a good option. According...
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Posted on 02/23/2020
How to Use Points to Your Benefit
Photo by Precondo via Pixabay Some mortgage companies offer loans with points. In a nutshell, paying points means paying down the interest rate. One point is equal to 1 percent of the mortgage amount. On a $200,000 mortgage, one point is $2,000. The percentage the interest rate lowers depends on the mortgage company and the market. For example,...
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Posted on 01/05/2020
Key Questions to Consider As You Evaluate Your Mortgage Options
Getting pre-approved for a mortgage may prove to be a long, arduous process if you are not careful. Fortunately, homebuyers who plan ahead should have no trouble obtaining a mortgage so they can enter the housing market with a budget in hand. Ultimately, there are many questions to consider as you assess your mortgage options, and these questions include:...
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Posted on 12/29/2019
VA Loans: Frequently Asked Questions
We all know that buying a home is expensive. For first-time buyers who don’t have the luxury of equity for a down payment, it can be difficult to find a way to finance your home without taking on a huge interest rate and mortgage insurance.Fortunately, loan programs like those offered by the U.S. Veterans Affairs can be a godsend....
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Posted on 10/11/2019
Mortgage Penalties: Prepayment
Photo by Steve Buissinne via Pixabay Most are familiar with the key components of a mortgage: how much you're borrowing, what your interest rate is, how many years you'll be paying your mortgage back. There are many, however, who do not understand some of the finer details, including what prepayment penalties are and how they may affect you...
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