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Category | Loan Programs

FHA Mortgage Versus Conventional: Which is Best?

If conventional loans are like square pegs for square holes, FHA loans have government backing that square’s the circle and helps put the round peg in that same square hole. There is a cost to this, so logically you don’t want to pay any more than you have to. FHA and similar government backed home […]

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Balloon Mortgages And When They Make Sense

It sounds a little strange doesn’t it that companies would come up with the name “balloon” to describe a mortgage. However, it makes more sense when you understand what a balloon mortgage is. It allows you to borrow a larger amount, paying only on a percentage of what is borrowed, and then making one “balloon” […]

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IMN: Best Mortgage Company In Monmouth County (Again)

Intercounty Mortgage: Best Mortgage Company In Monmouth County (Again) For the second year in a row, Intercounty Mortgage Network was voted the best mortgage company in Monmouth County for 2014 by the readers of the Asbury Park Press. At Intercounty Mortgage, we pride ourselves on excellent customer service, honesty, and integrity in ensuring your mortgage […]

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Buying Real Estate For Rental Income

Buying real estate for rental income is one place to put your money that has historically been considered a good, income producing, and long-term investment. Once you start to investigate opportunities and options you will find that it is an entirely different market from that of homeownership. Buying Real Estate For Rental Makes Bank Managers […]

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HARP Basics

The HARP Refinancing Lifeline In An Ocean Of Debt The last few years have seen some turbulent times in the home lending market. One of the ways that the Federal government has been helping homeowners to recover is through the Home Affordable Refinancing Program or HARP. The conditions of the market in the mid-2000s were […]

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Fixed Rate Mortgage Basics

Locking In Your Future Payments When it comes to fixed mortgage basics, the greatest benefit for homebuyers is peace of mind. You get a little bit more of that when you do not have to worry about your payments escalating when interest rates rise. As long as interest rates remain low fixed rate mortgage financing […]

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FHA Basics: Government Insured Home Loans

How The FHA Built A Nation Of Homeowners If it were not for the Federal Housing Administration (FHA) insured home loan, the United States would be a very different country in which to live. The FHA has been insuring home loans since 1934. Millions of homes have been bought by people who could only do […]

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Adjustable Rate Mortgage Basics: Fixed Or ARM?

Is The Adjustable Rate Mortgage Just A Fair Weather Financial Friend? Given the option, homeowners have always tended to prefer fixed interest rates on their home loans, as opposed to adjustable rates. When you’re paying monthly it’s nice to be able to count on the rate always staying the same. It gives you a sense […]

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Cash-Out Refinance or Second Mortgage for Debt Consolidation

Cash-out refinance or a second mortgage can be used for debt consolidation if that becomes necessary. If the monthly payments for your various debts are getting too much for you, and you have equity on your home, it makes sense to use that to pay the debts off. The interest you are paying on loans […]

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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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