refinance now to save thousands on your mortgage

Refinance Now To Save Thousands on Your Mortgage

Death and taxes – two things you know are for certain in life. However, there is a third that is almost nearly as certain as those two – fluctuating interest rates. With a home mortgage being one of the largest purchases you will ever make, even the slightest decrease in the rate that you pay…
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why mortgage insurance can save you money

Why Mortgage Insurance Can Actually Save You Money

Mortgage insurance provides lenders with a form of financial guarantee which covers the lender in cases in which the borrower defaults on a loan. For those looking to buy a home, agreeing to loan terms which include mortgage insurance, increases the purchasing power of the buyer a great deal. Agreeing to buy mortgage insurance allows…
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what is private mortgage insurance

What Is Private Mortgage Insurance

Private mortgage insurance or PMI as is known is a form of insurance new homeowners are required to purchase. This is particularly so if their down payment is 20 percent or less of the property’s valued price or sale price. The main reason for private mortgage insurance is to protect lenders in the case the…
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understanding points in home mortgages

Understanding Points In Home Mortgages

If you are in the market for a mortgage to buy a house you’ve no doubt heard the term “points” being thrown about. No, they aren’t talking about the score from last night’s NFL game; they are actually talking about a fee that is paid to the lender of the mortgage you are taking out…
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pest proof your home

Pest Proof Your Home

How to pest-proof your home Many species of insects and vermin are native to the neighborhoods of California. During extreme shifts in weather patterns (i.e. winter rain and summer droughts), many pests find shelter in the hidden or neglected areas of a home. You can prevent a majority of invasions by doing frequent maintenance checks…
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the importance of mortgage life insurance

The Importance Of Mortgage Life Insurance

Let’s face it! Mention¬†things like mortgage life insurance,¬†in fact, anything personal finance related – and we all know that it is as dull as a dishwater. However, without things like mortgage life coverage – life could be a lot harder financially. So, what is mortgage life insurance and what is so great about it? In…
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Pros and cons of an adjustable rate mortgage

Pros & Cons Of An Adjustable Rate Mortgage

An adjustable rate mortgage, commonly referred to as an ARM, is a mortgage where the interest rate on the mortgage changes periodically, on a schedule, according to an index. The most common indexes used to determine the interest rates are: One-year constant maturity treasury securities (CMT) Cost of Funds Index (COFI) London Interbank Offered Rate…
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who can benefit from a reverse mortgage. the safest mortgage for senior citizens

Who Can Benefit From A Reverse Mortgage

Reverse mortgages are becoming an increasingly popular lending option for older Americans. Reverse mortgages allow homeowners over the age of 62, the ability to convert a portion of their home’s equity into cash, which they can receive in monthly installments or through a line of credit. This short article will provide a brief overview of…
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choosing the right mortgage

Choosing The Right Mortgage

Mortgage Loan In the past decades, it was believed that a mortgage loan is a mortgage loan no matter what the terms were. But this theory is not true because there are many mortgage loan products available in the market. So, before choosing a mortgage, it is very important to decide which one is right…
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5 major reasons why you should buy a home instead of rent

5 Major Reasons Why You Should Buy A Home Instead Of Rent

There are times when it is better for a person to rent, but most often homeownership has many more benefits and advantages. About 10 years ago I had a retired aunt and uncle rent a condo in Las Vegas. Uncle Jim was a retired consultant. Throughout his career, he and his wife lived in corporate…
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