Mortgage Rates and Financial News and Tips
USDA Loans: An Affordable Loan Option
If you’re in the market for a new home and are looking for an affordable loan option, you may want to consider a USDA loan. USDA loans are a type of mortgage loan backed by the United States Department of…
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What Does It Mean to “Have Equity” in Your Home?
If you’re a homeowner, then you’ve probably heard of home equity before — at least in some form or fashion. Whether your neighbor recently did a cash-out refinance or you’ve been told you can “take money out of your house”…
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How to Make Buying a Home Less Stressful
Home buying can be one of the most stressful processes you’ll ever go through. You’re on a time crunch, you have thousands of dollars on the line, and you’re dealing with dozens of vendors, reams of paperwork, and, of course,…
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What Does a “Cash-Out Refinance” Mean?
You’ve probably heard the term “cash-out refinance” before. Maybe your neighbor used one to pay for their new deck or your sister took one out to cover your nephew’s first year of college tuition. Whatever the reason, you know that…
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Want a VA Loan? Don’t Settle for Any Old Lender.
The VA Home Loan Program was introduced at the end of World War II to help the returning servicemembers and their eligible surviving spouses buy a home. The program provides easy access to loans for purchase and refinance. It streamlines the…
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The Importance of Getting Approved to Move™ in a Competitive Spring Housing Market
If you’re looking to make a homebuying move this spring, you will be far from alone. According to Forbes, while the spring housing market is expected to be somewhat calm it is also expected to be quite competitive. Spring is…
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The Best Places Online to Find Open Houses
Home buying can be a daunting task, especially if you’re not sure where to start looking. With the Internet at our fingertips, there are several different ways to find open houses near you. Here are some of the best places…
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Jumbo Loans Availability Jumps; Should You Consider One?
Jumbo loans are more accessible than ever. According to the Mortgage Bankers Association, jumbo loan availability hit a record high in November, meaning it’s now easier for homebuyers to qualify for these larger-sized loans. Does that mean you should consider…
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How to Get Approved for a Higher Home Loan
Are you looking to purchase a new home or investment property? If you’re like most people, you’ll need to take out a home loan to finance your purchase. But what if you’re not sure you’ll qualify for the amount you…
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Mortgage Discount Points vs. Origination Points
When you take out a mortgage loan, you’ll likely encounter two types of “points” — discount points and origination points. Though they sound similar, these “points” actually have two distinctly different purposes. It’s important to understand both — as well as…
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