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Category | Mortgage Resources

Reverse Mortgages: Some Potential Reverse Mortgage Problems

Reverse mortgages are forms of equity release. In the USA, they are available to homeowners aged 62 or over who are living in the property concerned as their principal residence.  They can borrow money using the equity on their home as collateral. There is generally no fixed period on the loan, which is repaid when […]

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Home Loan Basics: Home Equity Line of Credit

There are many types of home equity loans available to homeowners. Cash out refinance is popular where you can refinance your mortgage and get a lump sum of cash. However, you are committing your equity all at once with home equity loans, in return for a potential lifetime repayment! Another option is a home equity line […]

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Mortgage Modification: What Changes Can Be Made?

A mortgage modification is otherwise known as a loan modification. Fundamentally, what is involved is that your lender agrees to a change in the terms of your mortgage. The changes made are intended to make it easier for you to meet your repayment obligations and so avoid foreclosure. In many cases, modifying your mortgage repayment […]

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IMN Loan Programs: AltQM Loans

Intercounty Mortgage Network is now able to approve loans that fall outside certain limits set by Fannie Mae and Freddie Mac, as well as Consumer Financial Protection Bureau (CFPB) rules. If you are a borrower who has struggled to meet qualified mortgage (QM) guidelines, Intercounty Mortgage Network, offers new opportunities to get you beyond a […]

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Extra Mortgage Payments: Making Extra Payments to a Mortgage

Making extra mortgage payments might seem worthwhile when you can afford them, but is it really the best way to use your money? What benefit does making extra payments to a mortgage offer to you? Here are some of the pros and cons of making extra payments over and above the regular monthly mortgage payments […]

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Financing Closing Costs when Refinancing Your Mortgage

Whether or not financing closing costs when refinancing your mortgage is a good idea depends on your circumstances. Closing costs may include costs such as settlement fees, one-year homeowners insurance, escrow reserves, property taxes, legal fees and so on. You may refinance your home for a number of reasons, the most common by far being […]

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Mortgage Prequalification and Mortgage Pre-Approval

The terms mortgage prequalification and mortgage preapproval seem to confuse some people. It is very important that you understand all the terms used when you are looking for a mortgage. If you are unsure what a particular term means, then ask. Prequalification for a mortgage does not mean that you have been approved for it. […]

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Kitchen Flooring Ideas to Increase your Home’s Value

Kitchen flooring used to be a simple choice: linoleum or tiles. Now you have a much wider choice of flooring materials for your kitchen. The choice you make can make a difference to the value of your home, particularly if you intend selling in the near future. Here are some ideas for materials suitable for […]

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Financing Home Improvements

There are several ways of financing home improvements. However, before you even begin thinking of home improvement loans you should have a budget and try to stick to it. Keep in mind that most people go over-budget with a home improvement project, so add about 20% or more for your final costs. Here are the […]

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Mortgage and Divorce: What Happens to the Mortgage?

Mortgage and divorce are not good bedmates! When love dies money tends to raise its evil head. That’s when people can suffer and nobody ever really wins. The problem is that the mortgage does not disappear and must be paid. Many couples are now more likely to be dividing their liabilities than their assets! Normally, […]

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