Tag: Mortgage

Posted on 10/31/2021
Benefits of Financing Your Mortgage through a Credit Union
Image by annca from Pixabay You’ve finally found the perfect home. It’s got the number of bedrooms you wanted, a spacious kitchen, updated bathrooms, and even a beautiful vegetable garden out back. Now comes the tricky part—how to pay for it. Numerous home buyers find financing their mortgages through a credit union to be a good option. According...
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Posted on 12/27/2020
Invest or Pay Down Your Mortgage Quicker - Which is Better?
Photo by Andrey_Popov via Shutterstock Often, when discussing ways to get out of debt, the subject of “mortgage versus investments” comes up. If you have a mortgage, your monthly budget likely revolves around paying it first, meaning investment ideas take a back seat. One way to free money up to invest is to pay off the mortgage, and...
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Posted on 05/31/2020
PMI and Down Payments
Image by Charles 🇵🇭 from Unsplash Part of buying a home is researching the market and your finances. Most lenders require you to put at least 20 percent down or pay private mortgage insurance (PMI). Since PMI is a cost that does not lower your interest rate or principal, it’s almost always better to save up that hefty...
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Posted on 11/24/2019
VA Loans 101: How Veterans Can Get Low Interest Mortgages
There are a number of programs, government-sponsored and otherwise, that are designed to help aspiring homeowners find and get approved for a mortgage that works for them. Among these are first-time homeowner loans insured by the Housing and Urban Development Department, mortgages and loans insured by the USDA designed to help people living in urban and rural areas, and...
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Posted on 07/28/2019
Be Prepared to Answer These Questions From Your Mortgage Lender
The process of applying for a mortgage is tedious and time-consuming; it requires you to answer personal questions about your finances. To ascertain your credibility for a mortgage, lenders structured the application process in such a way that allows them to get as much information about borrowers either directly or indirectly. Before you decide to apply for a...
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