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Cash Out Refinancing

Refinancing is to pay off your existing mortgage with another one at a lower rate. A cash out refinance is refinancing your existing mortgage and borrowing some of your equity in a lump sum to use for other purposes. Such as home improvement, ...

First Time Buyers Mortgage Application Checklist

If you have a dream about owning your own home and applying for a mortgage then you may be a bit nervous at the present moment. While having your own home is the American dream the high prices involved can be overwhelming. In addition to this, many l...

Cash Out Refinance - Things To Know About Refinancing Your Mortga

A cash-out mortgage allows you to refinance your mortgage and pull out part of your equity. Before deciding how much to cash to use, be aware of the impact of PMI and equity amounts. However, you may find the benefits of refinancing outweigh the cost...

Mortgages. The Return Of The Mega-Mortgage.

With the housing market is now showing marked signs of recovery, especially in the South and London, the number of homeowners mortgaging for more than £500,00 is increasing. (Also see Latest Market Facts at the end of this article.) Previously...

Bridge Loans – From One Home to the Next

You’ve lived in your home for some time and circumstances such as an expanding family mean you need a new one. This brings up the subject of bridge loans. From Here to There You have two basic options when you are considering selling o...

Benefits to Homeownership Outweigh Mortgage Risks

For people considering buying a home for the first time, things can be a bit intimidating. You just have to keep in mind the benefits far outweigh the risks. Benefits to Homeownership Outweigh Risks There are many benefits to owning a ...

Danger of Deferred Interest Mortgages: Understanding the Risks of

Negative amortization or "neg am" occurs when the minimum payment on a mortgage covers less than the monthly interest charged, causing the balance of the loan to increase instead of decrease. Interest only loans generally don’t increase the balance d...

Avoiding Reverse Mortgage Scams

Reverse mortgages are gaining in popularity as more seniori's start looking for ways to supplement their retirement incomes. And as the interest in reverse mortgages increase, so are the cases of reverse mortgage fraud and scams. Many seniors are...