Runners to Your Marks, Get Set, Go Buy a House!
Sometimes being a home buyer can feel a little like being a runner – you have to train (get your finances in order), warm up (get pre-approved for a mortgage), and actually run the race (search for a house or real estate). You cannot expect to [...]
Entries from July 20th, 2007
Go Buy a House
July 20th, 2007 · No Comments · Home Equity Loans
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4 Disadvantages of High Loan to Value Loans
July 18th, 2007 · No Comments · Mortgages
4 Disadvantages of High Loan to Value Loans
The loan to value (LTV) ratio is the ratio of the amount of money you borrow through a mortgage or home equity loan to the value of your home. When this ratio exceeds 80%, it is considered to be a high LTV loan. Typically, the maximum loan to [...]
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Know Your Refinancing Options
July 17th, 2007 · No Comments · Mortgages
Know Your Refinancing Options
If you have a home and a mortgage, and you are thinking about refinancing, first you must know both what you want out of your new mortgage and what your different options are, so that you can pick the refinancing plan that best fits your needs.
There are many different situations that will [...]
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Get Your Home Equity Loan Into a Relationship
July 17th, 2007 · No Comments · Home Equity Loans
Get Your Home Equity Loan Into a Relationship
Banks will encourage their customers to have multiple accounts and services with them. It is good for them because they are more likely to have long-term customers, and it is good for you because you get special incentives and discounts for having your multiple accounts at one bank. [...]
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Interested in Interest-Only
July 6th, 2007 · No Comments · Mortgages
Interested in Interest-Only? Here’s What You Should Know
It used to be the case that you had only one choice when it came to paying off your mortgage – the conventional principal and interest plan. Every month your payment would consist partially of interest (what you owe the lender for using his or her money) and [...]
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5 Things Lenders Look At For Home Equity Loan
July 5th, 2007 · No Comments · Home Equity Loans
5 Things Lenders Look At When You Apply for a Home Equity Loan
Before you start the application process for your home equity loan, it is helpful to know what lenders look for in potential borrowers. With this knowledge you can get your documents in order before you apply. This will ensure that you get the [...]
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