How do You Buy a House in a Different State?

Buying a house in your own state is tough enough. When you have to look out of state for a home, the problems just get exacerbated. Before you start the process, learn the simple steps you should take to help make the process as easy as possible for you.YOU NEED...

Factors You Need To Look Into If You Plan To Refinance Your Mortgage

Refinancing home mortgages have been gaining popularity among homeowners. While mortgage rates continue to rise, it’s not surprising to get tempted to refinance a mortgage at some point. But then this move is only beneficial for certain situations.Before making a...

Why “No Closing Cost” Home Loans Still Cost You

You hear that you have the option to get a “no closing cost” loan. You immediately, think “Sign me up!” Who wouldn’t want to save thousands of dollars on their refinance? But, before you do, there are some considerations you must make. While the name makes it seem...

Taking out a Reverse Mortgage? You Might Want to Read CFPB’s Warning.

The Consumer Financial Protection Bureau (CFPB) gave a warning to consumers aged 62 and older who are considering a reverse mortgage to delay dipping into their Social Security benefits.In a 26-page issue brief dated August 2017, the Bureau determined that: (i) the...

How Often Is Often When Refinancing Your Mortgage

Timing is everything. This is especially true for refinancing mortgages whose decrease in rates can spell a difference in savings (monthly mortgage payments). And there is no limit as to how many times you can refinance your existing mortgage. There is no rule or...

First Quarter Data Show Good Start For Mortgage Lending

It’s a good start for mortgage lending – or at least that’s what the numbers say. In a latest data report released by Equifax, the first quarter of the year has seen increases in mortgage activity, owing to the positive financial wave that Brexit resulted after its...

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Recent Rules Will Reduce FHA Reverse Mortgage Default Rates

A study published in July revealed that default rates on reverse mortgages insured by the Federal Housing Administration could be reduced by as much as 50% in light of the agency’s recent rules changes.This development comes as the FHA wishes to codify those changes...

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What Alternatives Are There To The Cash-Out Refinance?

If you need cash and you have equity in your home, you may automatically turn to the cash-out refinance. Did you know that this isn’t your only option, though? There are other ways you can get the cash you need that don’t involve refinancing your first...

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An Outline Of The Home Owning Process

It’s never been easier to own a home. To the bare minimum, the only things you need to own to get a home are:a) an incomeb) a proof of this incomec) a tax information of this incomeNo, you do not need to be a millionaire to own a home. Nor do you need to have no debt....

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