Categories for Borrower Tips

Why More Homeowners are Refinancing to Shorten Their Terms

August 17, 2016 by Leave a comment

Most people refinance for one of three reasons: Reduce their interest rate Reduce their monthly payment Convert some of their equity into cash Recently, however, equity has built up in millions of homeowners’ properties thanks to three years of rising home values. This has lead to an incread many owners are also using equity to... View Article

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September Surprise: Is a Rate Increase Likely?

August 2, 2016 by Leave a comment

Changes in interest rates set by the Federal Reserve are a tool the central banks use to control inflation. Of course, these changes also tend to have a direct and immediate impact on mortgage rates. When the bank raises rates to discourage inflation, rates for borrowing, including mortgages, also rise, increasing the cost of buying a... View Article

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Need to Back Out of Your Mortgage? Here’s How You Do It the Right Way

June 14, 2016 by Leave a comment

If it wasn’t already obvious, a mortgage requires a long-term financial commitment predicated on your ability to sustain a certain amount of income to pay off the loan. For most, signing on to a mortgage is a sign of stability and foresight; it signals an investment in the future. But sometimes, disaster strikes. Thanks to... View Article

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How Much House Can You Really Afford? Try This Experiment to Find Out

June 1, 2016 by 2 Comments

If you’re shopping around for your first home, congratulations! Few things in life are more exhilarating than strolling through houses and imagining yourself living in a new neighborhood as a bona fide homeowner. To prepare for serious real estate hunting, though, you should be armed with a firm price range in mind. How much house... View Article

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