Tag Archives: Mortgage

Current Servicemember or Veteran? 4 Reasons Why a VA Home Loan Is an Excellent Choice

Are you current or former member of the US military service who is looking to buy a new home? If so, you will be pleased to know that there are some special mortgage programs that are open to you. Let's take a look at five reasons why a mortgage backed by the Department of Veterans Affairs is an excellent choice when buying your new home.

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Understanding ‘Bridge’ Financing: How to Buy a New Home Before You Sell Your Current One

One of the biggest challenges a homeowner can face when looking to upgrade or move is trying to sell their current home while buying another. The great news is that there are bridge financing options available to homeowners which can help to get things moving. Let's take a look at how a bridge loan works and how it can help you to buy a new home before your sale is finalized.

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How to Use a Mortgage to Buy a Home After Going Through a Bankruptcy

While it is sometimes the best option to get your finances repaired, the bankruptcy and following discharge period can be tough. However, while it may delay things for a couple of years, the good news is that even a bankruptcy won't stop you from borrowing a mortgage to buy a home. In today's article, we will share some insight into how you can get a mortgage loan after going through bankruptcy.

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Pay Your Mortgage Off Faster With These Money-Smart Strategies

As with any loan or line of credit, there are benefits to getting your mortgage paid down. You'll pay less in interest, potentially saving thousands over the repayment period. Moreover, you'll own your home outright that much quicker. Let's explore four money-smart strategies that will help you to pay your mortgage off faster.

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Did You Know: Your Choice of Community Will Impact Your Mortgage – Here’s How

If you are in the market for a new home, you've probably begun the process of choosing the neighborhood or community in which you want to live. The perfect spot to call home will depend on your age, the size and composition of your family, your working life and other factors. In today's post, we'll explore how the local area in which you live can affect your mortgage financing and interest rate.

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It’s Pre-approval Time: How to Get Your Finances in Order for Your Mortgage Approval

Buying a new home is one of the most exciting experiences a person or family can have. Of course, before you can step foot into your new dream home you will need to get prepared financially, especially if you are taking out a mortgage to cover some of the purchase price. Let's take a look at a few key steps that will help you to prepare for the financial background checks that are part of the mortgage process.

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How Much Is the Right Amount to Commit to Your Down Payment? Let’s Take a Look

Are you thinking about buying a new house or apartment? If you are going to take out mortgage financing, one consideration you will have is your down payment, which is the amount you pay up front in cash to cover some of the purchase cost. Let's consider a few points that will help you to decide how much is the right amount for your down payment.

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Speed up Your Mortgage Closing Process With This Handy Four-step Guide

Are you in the market for a new house or apartment? If you are financing the purchase by taking out a mortgage, you'll want to know how to make this transaction run as smooth as possible. In today's article, we'll share a quick four-step guide to speeding up the mortgage closing process.

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Worried About Interest Rates Rising? Here’s How You Can Prepare for an Upward Trend

Whether you are just starting to shop for a new home or you've been paying off your mortgage for years, the news of potential interest rate increases may be worrying. In today's article, we'll explore interest rates and how you can prepare for an upward trend in rates if and when the time comes.

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