Deciding Between A Fixed Rate Mortgage And An Adjustable Rate Mortgage

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When you are comparing mortgages, one of the first questions you will find yourself asking is whether you want a fixed-rate loan or an adjustable-rate loan. Fixed-rate loans have a fixed APR throughout the life of the loan. This APR tends to be higher than the initial APR offered for many adjustable-rate loans. However, after an initial period, the adjustable-rate loan's APR may increase, giving you a higher APR than the fixed-rate loan initially offered.

11 May 2016

Understanding Why Mortgage Interest Rates Vary

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Whether you are a first-time home buyer or have purchased a home previously, understanding why interest rates vary can seem confusing. But how much you pay in interest definitely affects how much your mortgage payment will be each month. Therefore, it helps to know what goes into a mortgage rate and why they vary. Why Rates Vary by Borrower There is no set mortgage rate for every borrower who applies for a mortgage loan.

30 March 2016

Paying Installment Loans Early Or On Schedule

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If you've taken out a loan, the infusion of cash into your life can be very welcome. But that also means that now you've got these monthly payments to make. Even if the payments are easy for you to afford, seeing the extra cash flow out of your account every month can be tiresome, leading you to try to pay the loan off early. However, sometimes paying the loan back early isn't the best thing to do.

15 February 2016

3 Things To Keep In Mind When Considering A VA Home Loan

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A VA home loan is a great resource for any current military personnel and individuals who have been honorably discharged, medically discharged, or who simply decided to retire. Listed below are just three things to keep in mind when considering a VA home loan. Entitlement Limitations One of the biggest things to keep in mind when looking at a VA home loan is that there are going to be limitations to the entitlement that you receive.

8 January 2016

Alternative Home Repair Loans for Borrowers Who Are "Upside Down" on Their Mortgages

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Some of the people hardest hit by the recent recession are those who received mortgage loans with high interest rates and then lost their jobs. Although the recovery has been painfully slow for most people who managed to keep their homes through programs like HAMP (Home Affordable Modification Program), many are faced with bigger challenges. These challenges come in the form of home repairs, which they cannot afford but need to complete.

24 November 2015

Three Disadvantages Of VA Financing

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Assuming you qualify for a Veterans Administration loan, there are a few drawbacks to them. In general, these drawbacks are not significant enough to decide against VA financing nor will they make a regular commercial mortgage more attractive, but they should be kept in mind when getting a VA loan. There is a funding fee Most people who qualify for a VA loan are familiar with the advantage of not having to pay a down payment.

20 October 2015

What You Should Know About Selling Dental Gold

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If you have dental gold lying around and are in need of some quick cash, you might want to sell it. You may have a few gold fillings that fell out, and you held onto that gold just in case. Now is the perfect time to sell it to local gold buyers. Here is more information about selling your dental gold. Types of Dental Gold The first thing to know is that there are many types of dental gold.

9 September 2015