Top 5 Refinancing Programs For Underwater Mortgages

The U.K.’s vote to leave the European Union on June 23 has opened a window for U.S. consumers to refinance their mortgages as rates have dropped. With rates nearing historic lows, there has been a reported increase in the number of refinancing applications the past...

How to Prepare for Closin

So after months of preparation, building your credit, and prepping your paperwork, working through the labyrinth of finding a home, getting pre-approval for your financing, you are finally on your way to closing. What a relief, right? Not so fast. There are a few...

How to Properly Write a Letter of Explanation for a Mortgage

If everything on your mortgage application isn’t textbook material, it’s fairly certain that you’ll receive a request for a Letter of Explanation. Just what is this letter and how do you write it?Keep reading to learn the specifics you must know in order to get the...

Rates Up After Fed Meeting

After weeks of continued decline, mortgage interest rates climbed, following the two-day Fed meeting. The 30-year FRM rate rose by 2 basis points for the week.Get today’s rates.According to Freddie Mac’s weekly rate forecast via the Primary Mortgage Market...

Does a Finished Basement Add Value to a Home?

Did you know not every change you make to your home adds value? Even expensive remodels do not always pull their weight in terms of value. A common remodel many people put a lot of weight in is the basement remodel. They assume a finished basement adds value to a...

The Best Way to Get a Competitive Interest Rate

What’s the largest factor you think about when shopping for a mortgage? If you said the interest rate, you are like most other borrowers. Even ¼ to ½ of a change in the interest rate can have a dramatic effect on your payment. It’s no wonder you want the lowest...

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Why do You Need a Realtor for a New Construction Home?

Building your own home from the ground up is exciting. You get to choose many aspects of the home right from the start that you otherwise could not do with an existing home. Remember, however, it is still a home purchase and possibly one of the largest investments you...

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How to Refinance Your VA Loan With Bad Credit

If you have a VA loan now, you may have a way to refinance it even if you have bad credit.Compare Offers from Several Mortgage Lenders.Typically, lenders require you to have a minimum credit score in order to qualify for a refinance. It makes sense since the lender...

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