Tag: Mortgages

Mortgage Impounds vs. Paying Taxes and Insurance Yourself

If you’ve been researching mortgages, or are in the process of taking out a home loan, you’ve probably come across the term “impounds” or “escrows.” When you hear these seemingly scary words, the loan officer or mortgage broker is referring to an impound account, also known as an escrow account. You may even be told [&hellip

The post Mortgage Impounds vs. Paying Taxes and Insurance Yourself first appeared on The Truth About Mortgage.

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Why You May Want to Switch Mortgage Companies

Loyalty? Not in the mortgage business. That is, if you actually want to save money on your home loan. A few years back, an HSBC survey revealed that 52% of U.S. homeowners “switched providers” (sorry, they’re British) when obtaining subsequent mortgages. This was mainly driven (53%) by the desire to get a better deal, aka [&hellip

The post Why You May Want to Switch Mortgage Companies first appeared on The Truth About Mortgage.

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Moving to the Country? This Overlooked Loan Makes It So Easy

House hunting in rural areas is becoming more common. If you’re planning a move to the country, a USDA home loan may be a great option for you.

The post Moving to the Country? This Overlooked Loan Makes It So Easy appeared first on Real Estate News & Insights | realtor.com®.

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How Does Student Loan Debt Affect a Mortgage Approval

Are looking forward to owning a house? You should know that mortgage companies comb through your credit history to evaluate how much of a risk you are. As such, if you have an outstanding loan, qualifying for a new loan facility can be tricky. So, exactly how does student loan debt affect a mortgage approval? […]

The post How Does Student Loan Debt Affect a Mortgage Approval appeared first on Credit Absolute.

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National Get Smart About Credit Day

Depending on the time period in which you were raised, many young children and adolescents had differing opinions (and ideals) about what credit was and how it should or shouldn’t be utilized. While some were privileged enough to understand the…

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The post National Get Smart About Credit Day appeared first on MintLife Blog.

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10-Year Mortgages vs. the 30-Year Fixed: Which Is Better?

It’s time for another mortgage match-up folks. Today, we’ll look at 10-year mortgages versus the 30-year fixed mortgage to see how these home loans stack up against one another. Before we get started, it’s important to note that there are two very different types of 10-year mortgages out there. One a fixed-rate mortgage that is [&hellip

The post 10-Year Mortgages vs. the 30-Year Fixed: Which Is Better? first appeared on The Truth About Mortgage.

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If a Mortgage Lender Reaches Out to You, Reach Out to Other Lenders

A lot of homeowners are looking to refinance their mortgages at the moment. That’s abundantly clear based on the record volume of refis expected this year, per the MBA. And while mortgage rates are in record low territory, thus making the decision to refinance an easy one for most, it still pays to shop around. [&hellip

The post If a Mortgage Lender Reaches Out to You, Reach Out to Other Lenders first appeared on The Truth About Mortgage.

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Why Your Credit Karma Score May Be Higher Than Your FICO Score

It’s a common misconception that there is one, singular credit score for each consumer: “Most people would seriously be stunned if they knew just how many credit scores there are.”

The post Why Your Credit Karma Score May Be Higher Than Your FICO Score appeared first on Real Estate News & Insights | realtor.com®.

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How to Prepare for the End of Your Unemployment Benefits

If you’re nearing the end of your unemployment benefits, don’t worry. Here are your options for what to do when your unemployment runs out.

The post How to Prepare for the End of Your Unemployment Benefits appeared first on Discover Bank – Banking Topics Blog.

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