Mortgage & Refinancing InformationA Qualified Mortgage Consultant Can Help Boost Credit ScoresConsumers interested in purchasing or refinancing a home will pay an interest rate based on current market conditions and their ability to pay back the loan. The borrower's income and debt ratios are taken into consideration by the lender, as well as the predictability factor provided by credit scoring. Home Equity Loan - Beware of Equity Stripping ScamThe market for mortgage refinancing has been brisk during the last few years. The boom in business can be attributed to interest rates that have been at or near historic lows, and to lenders who have more money to lend now that they aren't investing in risky tech stocks anymore. Getting The Best Home Equity LoanOwing to the popularity of home equity loans, there are numerous lending agencies offering a variety of mortgage products. A bad choice of mortgage can lead to disastrous effects, as there is a risk involved of foreclosure and losing one's home. Home Equity Loans: A Useful Financial ToolThe investment need of an individual varies with time. Thus the need to buy a car or invest in a new house, which may have seemed "beyond means" a few years ago, may be a relevant and wise decision today. How To Tap In To Your Home EquityWith today's relatively low interest rates and climbing property values, many consumers are considering taping into their home equity to finance everything from home improvement projects to debt consolidation. Secured home loans, also called home equity loans, are loans backed by the borrower's equity in their property. Home Equity Loans 101A secured home loan differs from an unsecured loan in that the secured loan borrows against one's home as collateral, thereby reducing the risk to the lender. As such, secured home loans often offer better interest rates than unsecured loans, but offer higher risk to the borrower, as defaulting on these loans can have greater consequences, such as fines, or even possible repossession of the home originally put up as the secured collateral (subject to the amount of the loan, of course). Adverse Credit Mortgage Loan - Persistence is the Key to Getting ApprovedPeople with bad credit that are looking to get a home mortgage loan or to refinance their existing home mortgage loan, know how difficult of a job it can be to try and get approved. Adverse credit history can mean a little more legwork to get an approval for a mortgage loan, and especially to get a decent interest rate. Mortgage Advice To Make Mortgages A Really Smooth RideMortgages are easy as long as you understand them well. But how many borrowers can be confident of their knowledge of mortgages. Mortgage Cycling May Be Your Best Bet For Equity Buildup and Investment Real EstateMortgage cycling is a system that relies on solid budgeting, equity lines of credit and use of an open credit card. Whether you use this on investment real estate or your own home, it can work for wealth building. Mortgage Loan Information - Know The Basics When You Refinance or Purchase a HomeIf you are currently looking for a new home, chances are that in all the excitement you won't really give any thought to the type of home loan mortgage you take out, instead going with the first one offered to you. This could be a serious mistake - costing you thousands, if not tens of thousands. Home Equity Loan - Is It For You?A Home equity loan has become an easy way to not only pay off other non-deductible debt, but to come up with large wads of cash for remodeling projects, vacations and more. People have financed college educations with a home equity loan, so your imagination is your only barrier. Mortgage Calculator - How to Calculate Your Monthly Mortgage PaymentJust starting to shop for a new home? Do you want to know how to figure what your monthly payment would be based on a certain priced home? No problem, there are plenty of mortgage calculators on the web you can use free of charge (click here for an example of one). All you need to know is the mortgage amount, sale price less the down payment, interest rate (also easy to access on the web), and the number of years you wish to finance your new home, usually 30 years (360 months) is the maximum term. Are You Ready for a 40-year Mortgage?Real estate prices have been increasing steadily over the last five years, particularly on the East and West coasts. In parts of California, homes are selling for 33% more than they were a year ago. Commercially Viable Commercial MortgagesCommercial mortgages are similar to residential mortgages. Usually taken by businesses, commercial mortgages are secured against business property. Mortgage Reduction SolutionsUSA ECONOMIC CONDITIONS; Today's sluggish economy has left millions of people struggling to financially make ends meet. Lou Dobb's coined phrase "Assault on the Middle Class" continues. More Articles from Mortgage & Refinancing
Information: Today's MORTGAGE-REFINANCING NEWS updated Sat. December / 21 / 2024 Mortgage and refinance rates today, December 20, 2024: Rates are higher than last December Yahoo Finance Today's Mortgage Rates, December 21, 2024 | Rates Jumped Following This Week's Fed Cut Business Insider Today's Refinance Rates by State – Dec. 18, 2024 Investopedia Mortgage servicers pressure homeowners to refinance after divorce, loss – CFPB Mortgage Professional Today's Refinance Rates by State – Dec. 20, 2024 Investopedia Is now a good time to refinance your mortgage? Yahoo Finance Mortgage and refinance rates today, December 17, 2024: Rates increase ahead of Fed meeting Yahoo Finance 5 strategies to get the lowest mortgage rates in 2025 Yahoo Finance Mortgage and refinance rates today, December 13, 2024: 30-year rate drops 18 basis points in a month Yahoo Finance Best mortgage refinance lenders of January 2025 Yahoo Finance How The Fed's Rate Decisions Move Mortgage Rates Bankrate.com Mortgage and refinance rates today, December 16, 2024: Better time to buy than refinance Yahoo Finance Mortgage Rate History: 1970s To 2024 Bankrate.com Mortgage Refinance Rates Today: December 17, 2024 Update Norada Real Estate Investments 15-Year Mortgage Refinance Rates: Compare Current Rates Business Insider Mortgage and refinance rates today, December 15, 2024: Month-over-month rates decrease Yahoo Finance Best cash-out refinance mortgage lenders of January 2025 Yahoo Finance Today's Mortgage Rates | Rates Steady Ahead of Fed Announcement Business Insider Today’s Mortgage Rates Rise to 6.7% – December 20, 2024 Update Norada Real Estate Investments Refinance Rates Today: Compare Mortgage Refinance Offers Business Insider Best Mortgage Refinance Lenders of December 2024 Business Insider Mortgage and refinance rates today, December 14, 2024: Economic factors drive rates back up Yahoo Finance Today's Mortgage Rates | Rates Remain in the Mid-6% Range Business Insider CFPB Report Finds Significant Drop in Annual Mortgage Applications and Originations in 2023 Consumer Financial Protection Bureau Current Mortgage Trends: Are Mortgage Rates Going Down? Business Insider Mortgage and refinance rates today, December 11, 2024: Rates up in anticipation of CPI Yahoo Finance Current Mortgage Rates: See How Today's Rates Compare Business Insider MBA: Mortgage Applications Decreased in Weekly Survey Calculated Risk Mortgage and refinance rates today, December 12, 2024: 30-year rates drop for 3rd consecutive week Yahoo Finance Mortgage refinance demand surges 27%, as interest rates drop for the third straight week. NBC New York How to get the best refinance rate on your mortgage Bankrate.com Today's Mortgage Rates | Rates Rise as Investors Gear Up for Fed Cut Business Insider Today's Refinance Rates by State – Dec. 13, 2024 Investopedia Today's Refinance Rates by State – Dec. 10, 2024 Investopedia Today's Refinance Rates by State – Dec. 9, 2024 Investopedia How to Decide If a Mortgage Refinance Is Right for You U.S News & World Report Money Best Mortgage Refinance Lenders of October 2024 The Motley Fool Mortgage Refinance Rates Drop Back - Sep 24, 2024 Investopedia Here's How to Figure Out If It's Worth Refinancing to a 15-Year Mortgage U.S News & World Report Money Will Mortgage Rates Go Down In December? Bankrate.com Mortgage Refinance Rates Drop for a Third Day Investopedia Mortgage Refinance Rates Are Down, But Should You Refi to a 30-Year, 20-Year, or 15-Year Mortgage? Investopedia Today's Refinance Rates by State – Oct. 7, 2024 Investopedia Mortgage Refinance Rates Drop Again Investopedia Today's Refinance Rates by State – Dec. 5, 2024 Investopedia Mortgage Rate History | Chart & Trends Over Time 2024 The Mortgage Reports Mortgage Refinance Rates Dip Lower - Sep 30, 2024 Investopedia Mortgage Refinance Rates Climb to Two-Month High Investopedia Today’s Mortgage Rates Rise After Fed Meeting – December 19, 2024 Norada Real Estate Investments Today's Refinance Rates by State – Dec. 6, 2024 Investopedia
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